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What is the 8% holiday pay in Netherlands?

Question by mrtihor: What is the 8% holiday pay in Netherlands?
Hi,

My employer is overing a gross salary of 36000€ inclusive of 8% holiday pay, What is this holiday pay, can some one give me more insight into how thi holiday pay works.

Thanks,
Rohit

Best answer:

Answer by NLzonie
It’s an additional months pay! You will get 8% of your gross annual income in May (If it’s the same for everyone) as a extra paycheck.

What do you think? Answer below!

Posted in Europe.

3 comments

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3 Replies

  1. blabla Apr 21st 2011

    If your employer is offering €36000 inclusive of 8% then it will not be an “extra” payment on top, but within this amount.

    Normally the employer pays 8% of the annual gross salary in a one-time payment (the timing can differ e.g. in May or June)

    So in your case this is included in the calculation. So 36000 minus 8% divided by 12 will be your monthly gross salary and then the 8% will be paid out one-time one month (dependant on the company agreement but it is not always May) as well as the monthly salary for that month

  2. dutchcutie68 Apr 21st 2011

    tell him it’s ok as long as he is gonna give you a 13th month a.k.a xmas bonus , in your case about 3000 euro’s in december.
    show him you did your home work and know about the dutch way of doing things here LOL

    but still it’s a n ice paycheck, not sure what kind of work it is you do, also read the fine print as in , sick days, paid days off etc etc, benefits like transportation will it be paid back, education will it be paid for, child care if needed, etc etc

    good luck

  3. mrzwink Apr 21st 2011

    it means your employer is required t give you an 8% extra, as holiday pay. so basically you get extra money so you can go on holiday.

    but, as its inclusive in the salary you got offered. the only advantage you get is that over that 8%, you pay less taxes.

    so instead of losing 33% to taxes, you loose 29-30% instead. anyhow, 2700 a month gross is a very good salary by dutch standard, it will turn out to be aprox 1900-2000 net and i believe the average wage is about €1800 net


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