You want your attention to be on growing and developing your company. You require (financial) advice about issues such as: whether to take care of your...
An accurate financial administration provides you with the information you need to take the right decisions. The big advantage of a digital financial administration is that it provides insight into your most important financial processes at any time, whether this is the invoices, salary payments or bank changes.
You want to take the right decisions, based on trustworthy and clear management information. You want to have access to all your financial data, 24/7, in order to determine your position and be able to adjust where necessary.
Outsourced compliance services comprises the total financial compliance of your business, in accounting, financial reporting, payroll, legal and various tax reporting obligations. We can make sure you don’t have to worry.
On 26 October 2023, the Dutch House of Representative (Tweede Kamer) voted in favour of two amendments which will likely alter the current 30% tax ruling facility.
Everyone – companies, entrepreneurs and individuals – has to deal with taxes. A complex system of payments and levies, tax regimes also offer opportunities for...
Building sustainability and social impact. That sounds good. But how do you go about it in the complex world of stakeholders, regulations and frameworks and changing demands from clients and society? How do you deal with important issues such as climate change and biodiversity loss?
Minimize risk, maximize predictability, and execution
Good insights help you look further ahead and adapt faster. Whether you require outsourced or co-procured internal audit services and expertise to address a specific technology, cyber or regulatory challenge, we provide a turnkey and reliable solution.
Finding a suitable match at the most optimum terms. That, in a nutshell, aptly describes the objective of mergers and acquisitions. To most businesses mergers or acquisitions are not standard daily practice. It is, however, for the professionals at Grant Thornton! Seeking their services will add value instantly.
What should I be doing first if my data has been kidnapped? Have I taken the right precautions for protecting my data or am I putting too much effort into just one of the risks? And how do I quickly detect intruders on my network? Good questions! We help you to answer these questions.
What will the net proceeds be after the sale? How do I optimise the selling price of my business or the price of one of my business activities? How do I capitalise on synergies following an acquisition? Am I not offering too much? These are all good questions when you’re buying or selling a business. It’s a transaction that concerns significant amounts, impacts your future, and therefore must be executed properly. We provide a solid foundation for your decisions.
The EU Life Sciences ESG Knowledge Project, with participation from 22 Life Science investors, aims to coordinate approaches on ESG within the European Life Science investment community supported by Impact House by Grant Thornton.
Reliability of information. The way in which reliable information is produced. That is what assurance is all about. It is crucial for information to be...
You are answerable to others, such as shareholders and other stakeholders, with regard to your financial affairs. Financial information must therefore be reliable. What is more, you want to know how far you are progressing towards achieving your goals and what risks may apply.
Financial reporting in accordance with IFRS is a complex matter. Nowadays, an increasing number of international companies are becoming aware of the rules. But how do you apply them in practice?
Our ISAE & SOC Reporting services provide independent and objective reports on the design, implementation and operational effectiveness of controls at service organizations.
Pre-audit services is all about making the company’s entire financial administration ready for checking before the external accountant begins his/her audit of the annual accounts.
Do you have an ambitious international company? And do you want to stay ahead of the competition? Then you need to be able to rely on the best international...
The Netherlands’ tax regime is highly dynamic. Rules and the administrative courts raise new challenges in fiscal considerations on a nearly daily basis, both nationally and internationally.
VAT is an exceptionally thorny issue, especially in major national and international activities. Filing cross-border returns, registering or making payments requires specialised knowledge. It is crucial to keep that knowledge up-to-date in order to respond to the dynamics of national and international legislation and regulation.
Importing/exporting goods to or from the European Union involves navigating complicated customs formalities. Failure to comply with these requirements usually results in delays. In addition, an excessively high rate of taxation or customs valuation for imports can cost you money.
Do your employees determine the success and growth of your organisation? And are you in need of specialists which you can ask your Human Resources (HR) related questions? Human Resources (HR) related questions?
Our HR specialists will assist you in the areas of personnel and payroll administration, labour law and taxation relating to your personnel. We provide you with high-quality personnel and payroll administration, good HR guidance and the right (international) advice as standard. All this, of course, with a focus on the human dimension.
Anyone who runs their own business sets themselves apart from the rest. Anyone who dares stick their neck out distinguishes themselves even more. That can be rather lucrative.
In this rapidly changing world, it is increasingly important to consider environmental impact (in accordance with ESG), instead of limiting considerations to financial incentives. Multinational companies should review and potentially reconsider their tax strategy due to the constantly evolving social standards
On 1 January 2024 the European Union will introduce a new tax law named “Pillar Two”. These new regulations will be applicable to groups with a turnover of more than EUR 750 million.
In the past decade, the utilization of blockchain and its adoption of a distributed ledger have proven their capacity to revolutionize the financial sector, inspiring numerous initiatives from businesses and entrepreneurs.
Large corporations with a presence in multiple jurisdictions face a number of compliance challenges. Not least of these are the varied and complex reporting and compliance requirements imposed by different countries. To overcome these challenges, Grant Thornton provides a solution to streamline the global compliance process by centralizing the delivery approach.
Do you seek for opportunities in the global business arena? Whether you are about to open a new office in a foreign country or considering an international acquisition, you need certainty of making the right choices for your company. Global expansion isn’t always as simple as it sounds. The good thing is that we’re here to help!
International expansion is an important step. The Netherlands can be your gateway to Europe for doing business abroad. But why you should choose the Netherlands?
Wherever you choose to do business, you want access to people with the best ideas and critical thinking that will enable you to grow your business at home and abroad.
From the general terms and conditions to the legal strategy, these matters need to be watertight. This provides assurance, and therefore peace of mind and room for growth. We will be pro-active and pragmatic in thinking along with you. We always like to look ahead and go the extra mile.
Small company or large multinational: in any company your people are of the utmost importance for your business. Employment brings with it many issues in many areas and often has legal consequences. For big strategic, but also for more everyday questions about employment law, our lawyers are ready to help you out. Also for questions about international employment law. Do you have your own HR department? We’ll gladly assist them. We deliver bespoke services and are there when you need us.
Sustainability is more than a buzzword - it is the core of our legal advice towards sustainable success. From drafting sustainable contracts, integrating sustainable HR policies and ESG due diligence within our M&A practice to advising on ESG and other (national and international) legislation: we prefer to be pragmatic and proactive in helping your business.
The building and real estate sector is facing a lot of challenges. Improving sustainability, innovation, but also transformation are important themes. By...
Family businesses occupy a unique position, in the Netherlands as well as worldwide. They are seen as a (stable) engine of the economy. This is characterized,...
The Netherlands is a real trading country, due to its location, infrastructure and the highly-educated population. The port of Rotterdam, the biggest port in...
How can you continue to be a global leader? The Netherlands depends on innovation. It is our high-quality knowledge which leads the maritime sector to be of world class.
Starting in 2024, a new law for a global minimum profit tax for internationally operating companies will apply in the Netherlands: the 2024 Minimum Tax Act (Pillar 2).
Mirjam Zeldenrust
|3 min read|26 Jun 2023
Pension advisory services
Are you, as business owner or employer, well prepared in terms of pension and other future facilities?
A Suitable pension scheme for every business
As an employer, you want a pension scheme that grows along with the vision and development of your company and its employees, while keeping costs manageable and staying within the legal frameworks to avoid unpleasant surprises. This likely raises many questions: Can I use different pension schemes for various groups? Are there alternatives to pensions? And how can I ensure my pension scheme remains affordable both now and in the future? Every generation has a different perspective on today's world, and certainly "on tomorrow." We work with you to create synergy between the vision, conditions, and benefits. With the introduction of the Future of Pensions Act, this employment condition is more relevant than ever.
New pension law: Time for action
The Future of Pensions Act has been in effect since July 2023. In many cases, this means that pension schemes need to be adjusted, possibly with different cost implications. Moreover, these employment conditions must be reviewed and approved by the works council and your employees. In our view, this is the perfect opportunity to look at the entire benefits package in a broader context.
Since July 2023, the old world of pensions has closed, and all employers in the Netherlands must adapt their pension schemes to fit the new reality. Key dates for reviewing and adjusting pension schemes include:
Employment terms agreements finalized before January 1, 2025;
Transition plan ready before October 1, 2026;
Implementation completed before January 1, 2027.
Although the final implementation deadline may be postponed by a year, it’s already clear that every employer must prepare for a major transition with many decision points, extensive coordination, and good communication. All in all, it’s a process where allocating sufficient time is a crucial factor.
Future of pensions act Quick Scan
To help you get started, we offer our Pension Quick Scan to assess your progress in transitioning your pension scheme to the new conditions. This Pension Quick Scan is completely free of charge.
Our quick scan helps you determine your organization's situation with respect of changes provided by the new Pensions Act.
The impact of a pension scheme
A pension scheme is a complex product. When offering a pension scheme as a benefit, you, as an employer, will face several challenges.
1.
Pension as a sustainable employment benefit
Employees have varying desires, requirements, and expectations regarding employment benefits, particularly with pensions. Different people have different needs. We advise and assist you in setting up and keeping this sustainable benefit up to date. Based on current laws and regulations, while considering diverse employee needs, we structure the pension scheme with importance given to flexibility and several options. This way, we work toward an employment benefit that both employer and employee can agree upon.
2.
The complexity of laws
Pension legislation is always evolving. Legal and fiscal frameworks change frequently. Sometimes these changes significantly impact your business operations and/or employee schemes. By actively thinking ahead and anticipating future developments, and by ensuring your pension scheme remains current, you avoid unexpected surprises and stay focused on your core business.
3.
Informing employees
Life events can affect pensions. Think of marriage, family expansion, divorce, disability, death, or changing employers. It can be challenging to inform employees during these significant life changes. Our specialists can relieve the HR department by taking over these responsibilities.
4.
Managing the pension scheme
Pension administration is closely linked to personnel and payroll administration. Communication, good coordination, and efficient information sharing are crucial. Through our specialized, in-house payroll department, we assist with the enrollment and termination of employees, changes due to personal circumstances, and providing information to employees, for example, when they join or leave the company. In short, everything is handled through one point of contact—a reassuring thought.
Our services
A good salary is no longer enough to attract and retain talent. New, non-primary benefits are increasingly becoming part of the overall package of conditions and benefits. In this new landscape of the battle for talent and employee retention, our specialists help unlock the potential of employment benefits relevant to your organization. Attracting and retaining talent improves through synergy between vision, conditions, and benefits. By taking a broader view of pensions, we work with you to identify business opportunities. We are happy to collaborate with your advisor who manages your contract, and assist in areas that require extra attention.
Managing benefits
Whether it’s collective (pension) benefits or director-owner benefits, we provide ongoing advice and management of your benefits portfolio, clear communication, and ensure compliance with legal regulations. This helps maintain focus, ultimately strengthening the financial position of the company. We assist with information, inventory, and implementation of the pension scheme. Additionally, we place great emphasis on next steps once the pension scheme is implemented. Finally, we support and advise on communication and decision-making guidance for employees.
Risk management
With our in-depth knowledge of pensions, we identify and manage potential risks. From our broad advisory practice, we actively propose and apply solutions.
Tailored advice
No situation is the same. Tailored advice is essential to ensure our clients are always one step ahead. This contributes to achieving business goals and excelling in expertise! We provide all advisory services under one roof. Short lines of communication and effective collaboration lead to efficiency and reduce the chance of errors. In addition to pension and tax advice, we also offer services in the following areas:
