• Service: Tax, Global Mobility Services
  • Type: Regulatory update
  • Date: 1/29/2014

Netherlands - Proposed pension changes 

January 29:  A proposal, presented on 20 January 2014, would amend pension accrual rates and would impose a limit on “pensionable” income.

The proposed amendment includes the following measures:

  • An adjustment to the maximum pension accrual rates
  • A cap on the amount of maximum “pensionable income” at €100,000 (less the state pension offset)
  • A new voluntary, tax-friendly retirement savings plan for individuals in the higher income bracket
  • Tax relief for the retirement reserve and life insurance policy or banking annuity to be reduced in line with the adjustments to employee pensions

Read a January 2014 report prepared by the KPMG member firm in the Netherlands: Bill with measures from pension agreement

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