Finances

The amount of money you will need each month largely depends on your lifestyle. You will need around €1500 per month to cover basic expenses. Below are some sample figures for a PhD fellow.

• rent of a furnished room: approx. €550 to €900 per month. 
• food: approx. €250 per month. 
• public transport, bicycle: about €50 per month. 
• insurances: €100 to €150 per month. 
• entertainment and leisure: €150 to €200 per month

Tax rates on salaries start from 33% and can go up to the maximum of 52%. A part of these taxes consists of social security premiums. The fiscal year runs from 1 January to 31 December. Around the first week of February, the tax authorities (Belastingdienst) will send out tax return forms.

Payroll tax reduction The payroll tax reduction (loonheffingskorting) is a reduction in wage tax and social security contributions. You can only receive this tax credit from one Dutch employer or Dutch benefits agency at a time. You can apply for the payroll tax reduction via the Self-Service Tool.   

Filing a tax return If you are employed by the UvA, tax is withheld from your salary each month. Most likely you will not have to file a tax return. However, if you had tax-deductible expenses during the year you could be entitled to a tax refund, so it’s often a good idea to request a form and file a tax return. If you are not employed by the UvA, your income may or may not be subject to taxation. Please note that if you received income which should be taxed but hasn't been yet, you are legally obliged to request a form and file a tax return. Read more about how to file your taxes on the I amsterdam website.   

As a foreign national employed by the University of Amsterdam (UvA), or as an UvA employee posted to another country, you may, under certain conditions, be eligible for the so-called 30% ruling. This allows you to receive part of your salary – up to a maximum of 30% – as a tax-free allowance, resulting in a higher net income. The allowance is intended to compensate for the additional costs incurred as a result of your temporary stay in another country. 

Discuss your eligibility and the option of applying for the 30% ruling with your UvA personnel adviser.  You can get more detailed information about the 30% tax ruling on the I amsterdam website.

Social security in the Netherlands provides financial security when your income is affected by events such as disability, job loss or old age. Whether you will participate in this system during your stay depends on your individual situation. As a rule, if you're employed by the University of Amsterdam and you're working in the Netherlands, you are automatically covered. Fellows, however, are often exempt from participating. If you work in a country other than the Netherlands, including working from home, you may fall under that country's social security. In that case please contact HR immediately. You can read more about social security in the Netherlands, whether you need to pay into it, and how to claim benefits, on the Expatica website.  

If you are employed by the the UvA, pension contributions are automatically deducted from your salary. This means that you build up pension rights in the Netherlands. Your pension contributions are administered by the ABP Pension Fund.