Holiday money from employer

Our take

Curious about holiday money from employers? In the Netherlands and Belgium, vacation money is a legal requirement, amounting to 8% of your annual income before taxes—typically equating to about a month’s salary! Paid out in May or June, this allowance was established in 1968 to ensure that employees could enjoy their vacation days. While many still use it for travel, it’s also common to spend it on other personal goals. It's an exciting perk that adds a little extra glow to summer plans!

Does anyone recieve holiday or vacation money from their employer? I’m very curious.

In The Netherlands and Belgium ‘vacation money’ is mandatory by law. It’s a yearly allowance of 8% of your year income before taxes. Which usually comes done to about a month’s salary. It’s usually paid in the month of May or June, right before summer.

It was instated in 1968 when the people got more annual leave/vacationdays but didn’t have the means to actually go away or out on those days financially. This way the people would have more oppertunities and it has been so ever since.

These days not everyone uses it for vacation or travel, you can do as you please so some people buy stuff, save up or pay off debts. It’s very nice and I always look forward to it so I can use it for my travels. I tried to look online if any other countries do something similar this but couldn’t find it. To add, this is mandatory by law so everyone get it but you can also have bonusses and other benefits like a 13th month salary.

submitted by /u/Jellybean-101
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