In the Netherlands we have wealth tax so if you have more than 50k€ in cash/stock you start getting progressively taxed on it. No capital gains tax though so don’t get taxed for profits on stocks or when selling your house, these profits are all yours.
I’m assuming pensioning or retirement have some separate system? Because it would be hard to retire on 50k Euro alone. Actually, I assume they don’t have medical costs, so maybe that would be enough…?
In the Netherlands we have wealth tax so if you have more than 50k€ in cash/stock you start getting progressively taxed on it. No capital gains tax though so don’t get taxed for profits on stocks or when selling your house, these profits are all yours.
I’m assuming pensioning or retirement have some separate system? Because it would be hard to retire on 50k Euro alone. Actually, I assume they don’t have medical costs, so maybe that would be enough…?