Minimal retirement savings a problem for half of Netherlands self-semployed
7 years, 9 months ago

Minimal retirement savings a problem for half of Netherlands self-semployed

NL Times  

Nearly half of self-employed people in the Netherlands don't save enough for their pensions - 43 percent of Dutch self-employed will not be able to retire with an adequate pension on their current rate of savings, according to a study by the Economic Statistical Bulletin, RTL Z reports. Only 30 percent of employees in this income group don't have adequate pension. Of the self employed that earn more than 53,600 euros annually, only 37 percent have saved enough for an adequate pension. Among the lower income groups, there is little difference in the proportion of people with adequate pension savings between self-employed and employees.

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History of this topic

Retired women in the Netherlands get 40% less pension than men
4 months, 3 weeks ago

Retired women in the Netherlands get 40% less pension than men

NL Times  

Retired women receive an average of 40 percent less pension than men, reports Wijzer in geldzaken, an initiative of the Ministry of Finance, based on research. This difference is mainly due to the fact that women work less, on average, than men, which results in less pension accrual. “Women are also generally less concerned with their financial future than men …

1.7 million in Dutch workforce not linked to pension, raising retirement fears
2 years, 7 months ago

1.7 million in Dutch workforce not linked to pension, raising retirement fears

NL Times  

About 1.7 million Netherlands residents received an income from work in 2020 but did not contribute to a pension fund. A large part of this group also does not make up for that with other pension savings, De Nederlandsche Bank reported based on research into Statistics Netherlands data on pension accrual. Of the self-employed people who didn’t build up a …

Half of NL residents afraid to invest: AFM
3 years ago

Half of NL residents afraid to invest: AFM

NL Times  

Nearly half of Netherlands households have sufficient savings to invest but don't, according to the Netherlands Authority on Financial Markets. Even though investing can yield hundreds of euros more per year than saving, according to the regulator, especially now that interests rates on savings are very low. The AFM looked at 5 million non-investing households in the Netherlands and noted …

Netherlands has second largest gender pension gap in EU
3 years, 6 months ago

Netherlands has second largest gender pension gap in EU

NL Times  

On average, men in the Netherlands receive over 40 percent more pension than their female peers. In 2018, men in the Netherlands received an average pension of 34 thousand euros, while women received almost 20 thousand euros on average. But the current generation of working women also work part-time relatively often and therefore build up less pension than their male …

Over 7 million NL residents could face pension cuts next year, large funds warn
4 years, 8 months ago

Over 7 million NL residents could face pension cuts next year, large funds warn

NL Times  

Over 7 million Netherlands residents have to take into account that their pension benefit may be lower next year. The three largest pension funds in the country have too little cash to meet the government's funding ratio requirement and have little hope of meeting that target by the end of the year, they said to NOS. In June, Minister Wouter …

Dutch pensioners live in their own homes for longer
6 years, 11 months ago

Dutch pensioners live in their own homes for longer

Dutch News  

The percentage of people over the age of 85 who are still living independently at home went up from 65% to 72% between 2012 and 1016, according to research by the Dutch healthcare authority NZa. The government has been actively encouraging people to stay at home since 2013, and the survey results show this is beginning have an effect, the …

Dutch pensioners live in their own homes for longer
6 years, 11 months ago

Dutch pensioners live in their own homes for longer

Dutch News  

The percentage of people over the age of 85 who are still living independently at home went up from 65% to 72% between 2012 and 1016, according to research by the Dutch healthcare authority NZa. The government has been actively encouraging people to stay at home since 2013, and the survey results show this is beginning have an effect, the …

Most Dutch have insufficient financial buffers: Rabobank
7 years, 1 month ago

Most Dutch have insufficient financial buffers: Rabobank

NL Times  

Most Dutch people are not building sufficient financial buffers for a financially healthy future, Rabobank concludes based on a study by Nibud. Only two in five Dutch put money aside for training, income decreases, pensions, or healthcare, ANP reports. But of the two thirds who do have financial room to set money aside, only 39 percent actually do so. Nearly …

Over 80 pct of Dutch freelancers don't have occupational disability insurance
7 years, 8 months ago

Over 80 pct of Dutch freelancers don't have occupational disability insurance

NL Times  

Less than 20 percent of the 873 thousand freelancers and self-employed in the Netherlands have insurance against occupational disability, according to figures by Statistics Netherlands and TNO. Just over a quarter haven't gotten around to starting a pension and 20 percent feel retirement is too far away to worry about yet. Despite the fact that many self-employed still can't afford …

Brussels urges the Dutch to tackle rise in self-employed
7 years, 10 months ago

Brussels urges the Dutch to tackle rise in self-employed

Dutch News  

The Dutch government needs to tackle the surge in people working as freelancers, the European Commission said on Monday in its latest recommendations for the Netherlands. This should be done by reducing ‘tax distortions’ favouring self employment, without compromising entrepreneurship, and by promoting access of the self-employed to affordable insurance against unemployment and disability, the Commission said. In total, almost …

Brussels urges the Dutch to tackle rise in self-employed
7 years, 10 months ago

Brussels urges the Dutch to tackle rise in self-employed

Dutch News  

The Dutch government needs to tackle the surge in people working as freelancers, the European Commission said on Monday in its latest recommendations for the Netherlands. This should be done by reducing ‘tax distortions’ favouring self employment, without compromising entrepreneurship, and by promoting access of the self-employed to affordable insurance against unemployment and disability, the Commission said. In total, almost …

Pension reforms well on the way, says economic advisory body
7 years, 11 months ago

Pension reforms well on the way, says economic advisory body

Dutch News  

The Netherland’s main government economic advisory body has laid out changes necessary to tackle the effects of an ageing population on pensions, the Volkskrant writes. A private pension pot for all citizens, fewer hard and fast guarantees as to future pay outs and greater transparency will be some of the new features, the SER told Edith Schippers, who is currently …

Pension reforms well on the way, says economic advisory body
7 years, 11 months ago

Pension reforms well on the way, says economic advisory body

Dutch News  

The Netherland’s main government economic advisory body has laid out changes necessary to tackle the effects of an ageing population on pensions, the Volkskrant writes. A private pension pot for all citizens, fewer hard and fast guarantees as to future pay outs and greater transparency will be some of the new features, the SER told Edith Schippers, who is currently …

Today's Dutch pensioners 'have never had it so good'
8 years ago

Today's Dutch pensioners 'have never had it so good'

Dutch News  

Claims during the election campaign that many Dutch pensioners have less to spend than they used to are not born out by the facts, the national statistics office CBS said on Tuesday. Over the past 20 years, the income of Dutch pensioners has gone up more than average and pensioners are more likely to own their own home, the CBS …

Dutch elderly on average much richer than 20 years ago
8 years ago

Dutch elderly on average much richer than 20 years ago

NL Times  

The current group of 65-year-olds and older in the Netherlands is much better off than the 65-plussers of 20 years ago, according to figures Statistics Netherlands released on Tuesday. Twenty years ago the picture was reversed, when the average income of the elderly was 22 thousand euros, compared to 23 thousand euros for the general population. The increased capital among …

Most Dutch with payment problems have no savings: study
8 years, 4 months ago

Most Dutch with payment problems have no savings: study

NL Times  

About 70 percent of people in the Netherlands who have problems paying their bills have little to no savings, according to a study by the national institute for budget information Nibud. Having savings is one of the most crucial ways to prevent payment problems, the institute says in its report. Impulsive behavior, poor administration, focusing only on the short term …

Joblessness falls, but long-term unemployed not entering workforce
8 years, 9 months ago

Joblessness falls, but long-term unemployed not entering workforce

NL Times  

Unemployment in the Netherlands continues to decline, according to figures released by Statistics Netherlands on Thursday. Last month there were 560 thousand unemployed people in the Netherlands, about 6.3 percent of the total workforce. Last month 65.7 percent of them, or 8.4 million people, had paid work. In the first five months of the year, the agency paid 210 thousand …

Most Dutch back pension overhaul, switch to personal schemes: poll
8 years, 9 months ago

Most Dutch back pension overhaul, switch to personal schemes: poll

Dutch News  

Some two-thirds of the Dutch population support the idea of a new pension system in which individuals are given more choice to determine what their pensions should look like, according to a new poll by Maurice de Hond. The poll of 3,200 people was commissioned by the Liberal democratic party D66, which supports a shake-up of the current pension system, …

Freelancers not saving enough for retirement, study shows
10 years, 1 month ago

Freelancers not saving enough for retirement, study shows

NL Times  

More than half of Dutch freelancers expect that they will have to continue working after retirement. According to the study, 21 percent of freelancers assume that their monthly retirement income will not be enough. Almost half of respondents are unsure whether they will have enough money at their disposal at retirement. Getting your income in order, now and in the …

The Dutch save most in Europe; are optimistic about their financial future
10 years, 2 months ago

The Dutch save most in Europe; are optimistic about their financial future

Dutch News  

The Dutch are big savers despite the low interest rates, with 75% of their wealth held in savings, the highest percentage in Europe, according to research published on Monday by wealth manager Blackrock. The research also shows that 51% of the Dutch are optimistic about their financial future compared with 47% of other Europeans. Bob Hendriks, head of Retail Nederland …

More Dutch have savings than rest of EU, despite low interest rate
10 years, 2 months ago

More Dutch have savings than rest of EU, despite low interest rate

NL Times  

Many Dutch people still save, despite the low interest rate. More than half of Dutch people calls saving money their most important financial goal. The study also revealed that Dutch people are relatively positive about their financial future. "Against the background of persistently low interest rates and the effect of inflation on savings, but also the increasing emphasis of the …

Self-employed should be forced to save for a pension: AFM
10 years, 2 months ago

Self-employed should be forced to save for a pension: AFM

Dutch News  

The self-employed may have to be forced to save for their pensions and employers should have more say in how much they contribute to employees’ pensions, the Dutch financial regulator AFM says in a report published on Tuesday. The AFM report is the regulator’s vision on pensions in the future and it says the present system is not flexible enough …

Self-employed should be forced to save for a pension: AFM
10 years, 2 months ago

Self-employed should be forced to save for a pension: AFM

Dutch News  

The self-employed may have to be forced to save for their pensions and employers should have more say in how much they contribute to employees’ pensions, the Dutch financial regulator AFM says in a report published on Tuesday. The AFM report is the regulator’s vision on pensions in the future and it says the present system is not flexible enough …

Most Dutch build savings despite low interest rates
10 years, 6 months ago

Most Dutch build savings despite low interest rates

NL Times  

The Dutch in general are conscious and careful about their money. According to results from the annual monitor from Wiser in Money Affairs, the past year has seen an improvement in the way people organize their finances, the NOS reports. Dutch people are less overdrawn and are receiving fewer warnings about outstanding payments. According to the monitor, people in paid …

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