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The Netherlands will pay a pension to anyone who lives there past the age of 16. You'll get more money for every year you live there. One year of living there w
by Maultasche 10y ago
The Netherlands will pay a pension to anyone who lives there past the age of 16. You'll get more money for every year you live there. One year of living there will get you something like 18 euros a month when you retire, but it's definitely more than zero. It's giving back to someone who has lived there and (presumably) has contributed by paying taxes. Someone who as lived there all their life only gets something like 800 euro a month, so I think that it's expected that you will have other savings or an employer-provided pension in addition.
I've never lived in the Netherlands, but I hear that employers there will also contribute towards a pension for an employee. This pension will be managed by some sort of private company. I'm not sure if it's a defined contribution or defined benefits pension. The details on when you get your pension and how much you get probably depend on the company that is managing it. It may be that a couple years of working will get you a very small pension or it may be that there's a minimum qualifying period. In any case, you should be able to get some benefit from it, even if it's a one-time lump sum payment.
- smcdow 10y agoGetting a little off topic here, but if you're a US "person" subject to US taxes, then those pension payments can be taxable. http://rsmus.com/what-we-do/services/tax/international-tax-planning/do-i-owe-us-tax-on-my-foreign-pension-plan.html http://rsmus.com/what-we-do/services/tax/international-tax-p... If you google around, you can find stories of long-time ex-pats getting blindsided by the taxes associated with those pensions.