Net wages to rise for everyone in 2007

14th December 2006, Comments 0 comments

14 December 2006, AMSTERDAM — Every Dutch resident will receive a higher net income from January 2007, new research revealed on Thursday.

14 December 2006

AMSTERDAM — Every Dutch resident will receive a higher net income from January 2007, new research revealed on Thursday.

People with minimum wages and workers in the iron and steel industry will especially be better off, LogicaCMG — which processes more than 1.3 million wages — said.

The net minimum wage will rise sharply by 3 percent after the government agreed to raise the legal minimum wage.

Steel industry workers will enjoy a 1.47 to 3.19 percent rise in their net wages. The majority of them will receive 2.5 percent more because firms will start paying extra on pension premiums.

But the fact that everyone will see a rise in their net wage is due to a cut in contributions for the WW unemployment benefits, reduced income tax, a higher 'work discount' (arbeidskorting) and reduced pension premiums.
 
Workers with a gross wage of EUR 2,000 per month will receive EUR 18.23 more each month. This increases to EUR 33.46 on a gross wage of EUR 4,500.

LogicaCMG took into account a possible negative effect from nominal healthcare insurance premiums.

[Copyright Expatica News + ANP 2006]

Subject: Dutch news

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