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1.6 Million Dutch at Risk: Tax Authority Could Tax Their Pensions

1.6 Million Dutch at Risk: Tax Authority Could Tax Their Pensions

Over 1.6 million Dutch people with pension insurance face a potential tax bill on their retirement savings if their employers fail to transition them to the new pension system by 2028. The Tax Office will reclassify accrued pensions in old schemes as taxable income, but the issue can be easily prevented.