What is a pension plan insurance in the Netherlands?
If you are determined to stay in the Netherlands for several years or longer, it makes sense to save for your retirement. Such savings are tax deductable, so that you have a saving of at least 35% on your income tax, while you are building a financial provision for your future. Accrued retirement savings are taxable if you get the pension or release the funds, but in case of emigration you can liquidate these funds on a tax fee basis under certain conditions. You may also want to purchase additional long term disability coverage, as existing state insurances have only limited coverage. Retirement savings planning is complex and require a thorough understanding of your needs.