• 16th October, 2020
  • 2 minute read

Are you earning enough? Calculate and find out your Dutch net salary

Let’s begin with some statistics and numbers! The minimum monthly income (net) in the Netherlands is currently among the 7 highest in Europe. By definition, it is the lowest amount an employer is legally required to pay to an employee.

Here is an overview of the minimum wages Netherlands. As you can see, it varies depending on your age.

minimumloon overview

According to the Centraal Plan Bureau (CPB ), the average monthly income (net) in the Netherlands for a person between 25 and 45 years is € 2,816.00 per month, or € 17.60 per hour.

However, age is not the only variable that is affecting your monthly income. There are other factors, such as the level of educational diploma that you obtained, the professional experience, or the specialist knowledge you have. They can all increase your earnings. Additionally, if you possess a soft skill such as creativity or persuasion, it will certainly boost your income.

Overview of monthly income

Your monthly income is often stated as:

  • basic earning per month, which has been agreed in your employment contract;
  • full-time employment, which usually means 36, 38 or 40 hours of work per week;
  • includes several allowances, fixed compensations for the turnover, and the compensations of third parties that arise from work.

One specific allowance we should mention is the holiday allowance. By default, it is the equivalent to 8% of your annual earnings. That roughly estimates to one month of salary, which you receive in addition to your usual monthly salary in the month of May.

Other allowances include performance-based bonuses, which can be paid out on a monthly, quarterly, or annual basis. Further, there are other benefits such as company car, laptop, mobile phone, or transportation costs.

Considering all the allowances that increase your salary, the amount of taxes you pay changes inevitably. This obviously depends on the sector where you work in, the size of your company, and where it operates. International companies can give you additional benefits, such as pension plan, insurance, or educational contributions. 

What is your net income?

Usually, your employer will refer to your gross monthly income. Precisely speaking, it is the amount you earn before paying taxes and when the social security contributions have been deducted. What really interests us here, is to know the income you receive in your bank at the end of the month. Once you are stripped off the taxes and other things you are paying for, such as pension, you can see your net income figure. That is, your actual earnings. 

Here is an easy online tool you can use for calculating your gross to net income salary*. You can also see how much you would earn working as a part-timer or with a 30% ruling.

Are you earning enough?

Now that you know your net income, you may want to check out how much you are earning in comparison to people in same or similar positions.

Are there any opportunities for you to earn more? You can now make a comparison of your current salary through the Salaris check*. The results will show you the minimum and maximum income in your profession and the average income. Apart from a salary guide based on your criteria, you can also see graphs that represent satisfaction with job and salary, average age, gender, leads generated, and number of promotions obtained from employees working in same field and position.

* Keep in mind that these kinds of online tools do not guarantee the accuracy of the data provided, so the final figures are merely for illustrative purposes.