What does 2023 hold?

You may have heard the rumors about the financial changes that are taking place in 2023. But before you anxiously dive under the table to hide from all the overwhelming new law and regulations. Let the cheat sheet below serve as a soothing guide through bureaucracy's difficult and sometimes confusing vocabulary. ??

Salary incoming ??

• The minimum wage increases by 10.15 percent to 12.40 euros, when you work 36 hours a week.
• An average increase of 4.3 percent of the net salary.
• Deductions for mortgage interest, healthcare costs and annuity premiums drop to the first bracket: 36.93 percent.

Savings private Ryan ??

• You are allowed to have more assets without paying tax.This comes down to 57 000 euros per person. If you exceed this amount, you will have to pay 32 percent tax on the return of your investments.

Healthcare ????

• Basic health insurance will become more expensive as the collective discount disappears. But if you qualify for care allowance this is unlikely to have a big impact.
• Singles can claim up to 154 euros and families up to 265 euros.

We are family ????????

• Childcare costs will rise by an average of 8.5 percent in 2023. The childcare allowance will rise accordingly.
• Low-income parents can claim the child allowance budget. The amount of allowance depends on the number of children.
• Students receive a basic grant of 110.30 euros for those living at home and 274.90 euros for those living away from home.

Live, laugh love ??

• House prices are expected to fall by 2.5 to 3 per cent next year.
• The rent allowance will go up by about 17 euros a month.
• Price cap for energy. An average family will save 2,500 euros per year.
• Financially vulnerable households will receive an energy allowance of 1,300 euros in 2023.
• The price of water will increase, depending on the supplier.
• The price of groceries is predicted to continue growing by 10 to 20 per cent.

From A to B ??

• The tax-free travel allowance goes up from 19 to 21 cents per km.
• Make sure to not get fined, because they will go up by 10 percent.

Public transport ??

• The basic fare for a ride on the bus, tram or metro will rise by 7 cents.
• NS travelers will have to pay an average of 4.3 percent more next year.
• Subscriptions allowing unlimited travel on a route or throughout The Netherlands will become cheaper by 2.4 percent.

Hopefully, this summary relieved you from some financial worry and gave you some extra confidence for the coming year. ??