Holiday Allowance: yearly or monthly?
In the Netherlands, your holiday allowance is paid once a year in May. That’s the default.
Do you prefer to receive it every month instead? No problem—just fill in the form.
Benefits of annual payouts (default):- Larger lump sum: You receive a larger lump sum, ideal for vacations or major purchases.- Better control over savings: With an annual payout, it's easier to save your vacation money all at once for a specific destination or major expense.
Disadvantages of annual payments (default):- Less flexibility: Because you only receive the money in May, it can be harder to cover interim expenses.- Midyear budget problems: If you don't have a buffer, you may experience financial problems in the months leading up to the payment, as you won't have any extras.
Advantages of monthly payments:- Continuity of income: You receive a small extra amount each month, which helps you better cover your monthly expenses.- Flexibility: For people who receive monthly holiday pay, it can be easier to use the money for unexpected expenses or savings.- Budgeting: A monthly bonus makes it easier to budget and spread out your monthly expenses, without a large spike in income at a specific time.
Disadvantages of monthly payments:- Less motivation to save: Because you receive the money monthly, you're less motivated to set it aside for a vacation or other major expense.
→ Important to know: You can choose once a year, for the new calender year. So for example, you can choose in april 2027 per January 2028 or when you choose in June 2027, then it still starts in January 2028.
👉 Want monthly payments? Simply complete the form here . If you want to keep it yearly, you don't have to fill in the form.