Would you consider relocating from the UK to the Netherlands?

Mark Korevaar our consultant managing the role

Mellani Georgiou, Principal Associate Director at Marks Sattin recently took a trip to our new European office, and here she looks at the ins and outs of relocating from the UK to Holland.

In December I was delighted to join Marks Sattin to launch their new office in Amsterdam. As you would expect, the macroeconomic factors of the past few years have caused significant disruption to the Netherlands’ finance and accountancy sector, resulting in unprecedented changes to how the industry operates. However, the sector is bouncing back with energy, and most companies are hiring again.

Organisations are keen to work with a range of professionals, not just EU nationals. For example, the Netherlands has long been an attractive option for British expats. I’m having more conversations than ever with people looking to make the move, so I thought it would be a good idea to address some essential concerns for people looking to move to the Netherlands.

Some comparisons between the UK and the Netherlands

Both the Netherlands and the UK are Northern European nations with constitutional monarchies and are devoted to talking about the weather! However, of course, there are key differences between the two countries:

  • Where the British are polite, what’s known as “the stiff upper lip”! the Dutch can be very direct!
  • The Dutch have a strong coffee culture.
  • The Dutch don’t really drink pints, instead, they drink een fluitje, which in English translates to “little vase”. On average, a little vase costs around €3 which makes it considerably more expensive per millilitre than the humble British pint.
  • The Netherlands is called the lowlands for a reason. It seems like a pretty obvious statement, but the UK actually has hills and mountains, so the scenery and terrain are very different.
  • You don’t really need a car in the Netherlands, as public transport is considerably more reliable than in the UK.

Similarly to the UK, the Dutch housing market is extremely competitive at the moment, nowhere more so than in Amsterdam, where limited supply and high demand continue to drive up prices across the city. This can lead to houses selling for much more than their value, and rental prices soaring.

Amsterdam finance jobs

As travel opens up, and many expats who delayed their move following the pandemic now arrive in the Netherlands, rents are once again on the rise. 

The massive influx of expats mainly leads to a lot of demand for homes. Rent may vary from €500 for a single room to over €2,500 per month for an apartment in the centre of Amsterdam, meaning supply is scarce. With that being said, finding affordable accommodation is not impossible, and great public transport links make living away from the main cities straightforward. 

How easy is it to move to the Netherlands post-Brexit?

Unfortunately, it is more difficult to move to the Netherlands now.

Highly skilled migrants need a residence permit to work and live here. You cannot apply yourself, so you need to find an employer that wants to hire and apply on your behalf. You must earn at least €4,840 gross per month for migrants 30 and over, or €3,549 gross per month if you are younger than 30. Furthermore, the employer needs to be a recognized sponsor by the IND (The Immigration and Naturalisation Service). They can be found in the Public Register of Recognised Sponsors.

Here are two websites that explain this process:

The process itself is not very difficult, but a company needs to be willing to apply for you. It’s a lot of paperwork and they have to pay €345 for the application.  

Differences in employment law and contracts between the UK and the Netherlands?


Sick leave

Under English law, if an employee is off sick (unless they have been provided with enhanced rights under their contract of employment), then they are only entitled to be paid by their employer’s statutory sick pay (SSP), and this only applies once they have been off sick for more than 3 days, otherwise, nothing has to be paid. SSP is currently £88.45 (equivalent to €103.21 per week) and must be paid for 26 weeks.

By contrast, Dutch employers must pay at least 70% of the employee's last earned wages for up to two years (and it is common under the employee's contract for employers to provide 100%, at least for some of this period).

Termination of Employment  

The most notable difference, however, is the protection offered in respect of termination of employment. In the Netherlands, with very limited exceptions, an employment contract can only be terminated by the employer with the consent of the employee, the labour office or the court.

Furthermore, permission can only be requested for specific reasons, which must be proven completely. If the grounds are not properly substantiated, termination will not be possible. If an employee is given notice by an employer when permission has not been obtained and the employee has not agreed to this, the notice is invalid.  

Dutch finance jobs

Tax

Whether you are a Dutch citizen or an expat, you are required to pay taxes whilst you work and live in the Netherlands. The Income tax in the Netherlands is extremely progressive. Lower incomes are taxed at 37.1% of their salary, whereas those earning more than €69,399 are taxed at a higher percentage of 49.5%.

Moreover, from 1 January 2022, it will be possible to provide a tax-free home working allowance of up to €2 per day

However, unlike in the UK, we have to pay for our own healthcare insurance, which is €120 per month. But many expats report that waiting times are minimal compared to the NHS. And the Dutch healthcare system is providing excellent care, as you are paying for the service directly. 

Working conditions and benefits

Much like the UK, our average working week is about 40 hours. However, more companies are starting to experiment with 32 to 36 hours a week as the desire for a four-day week increases. Moreover, flexible and hybrid working is commonplace since the pandemic.

In terms of annual leave, businesses are legally required to offer you at least 20 days, plus bank holidays. With that being said, companies are offering more annual leave to give them a greater competitive edge in the jobs market. Holiday allowance must be at least 8% of the employee’s gross wage you earned during the past year (from May to May). Other payments such as overtime, performance premiums, any commissions, supplements for working unsocial hours and year-end bonuses, do not count towards the calculation of your holiday payment.

Work-life balance is a huge topic at most companies. So, we see extra perks, such as gym membership, free lunches and snacks. Also, lots of companies offer an annual bonus or 13th-month pay. Here you can read more about what is the 13th month salary in the Netherlands. Moreover, car allowance is seen a lot with higher managerial jobs, like finance manager and CFO.

How Marks Sattin can help you relocate to the Netherlands


Job boards can be helpful for finding work opportunities in the Netherlands, but the Marks Sattin team in the Netherlands is also a great place to start your search.

As a long-established finance and accountancy recruitment specialist, we have unparalleled access to a broad range of finance and accounting roles to fit your personality and skills. Our consultants have in-depth knowledge of trends, packages, and can effectively consult on your career journey. 

If you would like to discuss any of the above and understand what our finance recruitment agency can offer you, please reach out to me. Alternatively, if you are looking to start your finance and accountancy career, check out our latest finance and accounting vacancies

15/02/22
posts

Related articles

What's the latest on recruiting senior finance and accounting professionals?
What's the latest on recruiting senior finance and accounting professionals?

Teaser

Finance & Accounting

Content Type

General

25/04/24

Summary

Over the years, we have developed a strong reputation as a leading Senior Finance and Executive Search firm. We’re proud to have well-established teams of finance and accounting recruitment cons

Teaser

Our employment update for senior accounting and finance professionals.

Read full article
Neil Burton

by

Neil Burton

Neil Burton

by

Neil Burton

Why you should pursue a finance contractor job in London
Why you should pursue a finance contractor job in London

Teaser

Commerce & Industry

Content Type

General

18/04/24

Summary

What is financial contracting?  Financial contracting refers to the practice of hiring finance professionals on a contractual basis to fulfil specific roles or projects within an orga

Teaser

Is London the right place for you to become a finance contractor? Find out now.

Read full article
Julia Aruci

by

Julia Aruci

Julia Aruci

by

Julia Aruci

Why London is the best place to find your next contract opportunity
Why London is the best place to find your next contract opportunity

Teaser

General

Content Type

Career Advice

29/03/24

Summary

Are you considering a change of scenery? Just look at London - an incredibly diverse city, with over 1,600 languages spoken and 300 nationalities represented.  At the centre of the UK's 4.2 milli

Teaser

Land your next contracting job in London with Marks Sattin.

Read full article
Julia Aruci

by

Julia Aruci

Julia Aruci

by

Julia Aruci

jobs

Related jobs

We are sorry we can't find what you're looking for


Why not try one of the following ...

View all jobs