As usual, a number of new laws and rules that will affect everyone's finances will apply from 1 January. This may also affect your pension.
If you still have a number of small pension assets like those from holiday jobs many years ago, such pensions that entitle you to two euros per year or less will lapse unless you previously acted to prevent this. A number of changes will also be implemented for pensions that entitle you to between €2 and €474.11 per year. Pension funds may combine such pensions with the pension at your current employer without prior permission being granted. In such cases, your new pension fund will inform you.
List of the other changes being implemented in 2019:
- VAT will be increased.
- Income tax will be decreased.
- Child care will increase in price. Allowance will be increased.
- Energy tariffs will be increased.
- Lease cars are getting more expensive.
- Paternity leave will be changed to two days.
- The minimum wage rate for children younger than eighteen will be increased.
If you want to know what these changes can mean for you personally, then fill in the tool (only available in Dutch) on the Money Wise platform.