Going Dutch (Part II)

As noted earlier, Cheesy Finance is going Dutch! No, don’t worry, I won’t stop writing in English. But I have added a bit of Dutch content to our blog in the last few months. Just to help our our fellow Dutchies that have trouble reading English. Yes, we are nice folks here 😉 Today we are going Dutch (Part II) with some extra content!

Going Dutch!
Going Dutch (Part II) – I just love windmills, don’t you?

The Dutch Corner

When I wrote the previous post, I only had the following pages ready:

I’ve now been able to add the following topics:

In the coming months I’ll keep adding more content to this section. If you have topics that you would like to see added, or if you would like to see certain English post translated, please drop me a comment!

How’s your E-book going?

Based on the blog/server statistics, I know that only about a quarter to a third of my readers are from the Netherlands. Most seem to be aware of the topics on FIRE. So I didn’t expect my E-book to do too well. But it’s been downloaded over 120 times since the blog post about Going Dutch a few weeks ago. Which is not that bad, but I’m hoping that I can help out more people (and have it downloaded over 1.000 times).

If you are interested (or know someone who might), visit the Dutch Corner! Let me know what you think of it.

Happy reading!

P.s. Do’t forget to check out this post if you are Dutch!

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7 Comments

  1. Great additions, thanks!

    I read and follow quite a few English blogs, but sometimes it’s nice to be able to read in Dutch. I find this especially the case if it gets very technical or it’s about a very specific “Dutch” subject.

    Also congrats on the 120 downloads!

  2. Hi Team CF, love the blog and the research behind it. I’ve been following for a while now and I’ve been meaning to ask you about your Canadian portfolio. Since you moved back and became Dutch tax residents once more, have you been actively contributing to this part of your portfolio? Is that mainly (or solely) through some sort of Canadian tax sheltered account like a RRSP? Or do you maintain a brokerage account in CAD yourselves?

    We’ve recently moved back (from Australia) and are wondering whether we should close down (or at least stop contributing to) our brokerage account overseas, or keep it going and continue to build up the balance and reinvest the dividends. What would be your thinking if you’d be in such a situation? I presume it includes (capital gains/vermogens) tax issues, currency issues (could be a risk, or an added reward with a 25/30+ year time horizon), place you’d actually like to retire to, costs…. I’d be keen to get your perspective on the issue of holding diversified share/ETF portfolio’s in multiple countries.

    1. Hi LNE,
      No, we stopped contributing right before we left, as there was no financial benefit (only a burden actually). The whole idea of contributing is that you add fund pre-tax. But that only works if you are still having an income in that country (which we didn’t). If we would add funds now (theoretically, as I don’t even think it’s permitted), we would not get a tax break on Canadian income taxes, but we do have to pay withholding tax when we take it out. That would not be a wise decision, financially 🙂
      Only benefit is that you would not have to pay wealth taxes (Box 3) on those funds, as it’s part of your formal pension.
      Major disclaimer here, not sure what’s the case with Australia!! I’m not familiar with the tax laws and pension account systems from over there. However, in the year you return to the Netherlands you have to file a “conserverende aanslag”, i.e. you have to indicate to the Dutch government how much you have in Pension accounts in Australia. But you won’t have to pay taxes on it until you start to withdraw (source tax can often be taken into consideration to avoid double taxation).
      We maintained the pension accounts because we are able to self manage it, rather than hand it over to a pension fund for them to manage it here in the Netherlands (perhaps now we could considering the options you have with Brand New Day and DeGiro! Not sure how a transfer would work, if even possible, would need to investigate for our situation). The other benefit is that we could withdraw money before the official retirement age/AOW age if we needed to. This flexibility was worth keeping the accounts. There is a exchange rate risk obviously.

      1. Thanks! It sounds similar in terms of pension accounts. The pre-tax contributions from our previous employers were very nice, and we indeed maintain our Superannuation accounts over there (which is the pension system).

        So you don’t have a separate brokerage account in CAD for trading? You keep everything within your RRSP until your ‘preservation age’ (that’s what it’s called in Australia, which is at 60 under current rules, so also well before AOW age over here).

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