Important social measures were announced together with the 2009 budget on September 16, 2008, to encourage seniors to work before and after legal retirement age – 65. (Ref. 080708)
All employees who keep working after 62
will receive, starting next year, a “tax bonus” in the form of income tax allowance.
This benefit, based on age and income, will not exceed €4.591 a year (see our
dispatch No. 080649). It will be maintained for employees who decide to keep
working after 65. Active people may postpone the payment of their old-age
pension (AOW), which will increase of 5% for each year worked.
Keeping
seniors active. Employers will also be granted
substantial advantages. If
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