spaargeld

Spaargeld, also known as child benefit allowance, is a type of government-provided financial assistance in the Netherlands. It is a subsidy provided to parents to support the living expenses of their children. The amount of the allowance varies depending on the number of children and their age.

Spaargeld was first introduced in the Netherlands in 1924. The allowance was initially provided to support low-income families who were struggling to raise their children. Over time, the eligibility criteria for spaargeld were expanded to include most families with young children. Today, spaargeld is available to all Dutch citizens and residents who are raising children in the Netherlands.

To be eligible for spaargeld, families must meet certain income requirements and have a valid residence permit. The amount of the allowance is typically paid monthly and is tax-free. Families can choose to have the spaargeld paid out as a lump sum at the end of the year or as a monthly payment.

The purpose of spaargeld is to provide financial support to families with young children, enabling them to ensure a decent standard of living for their children. By providing a basic allowance, the government aims to alleviate some of the costs associated with raising children and allow families to focus on their child's development and well-being.

Spaargeld is administered by the Dutch government's Tax and Customs Administration (Belastingdienst). Residents of the Netherlands can apply for spaargeld online or in person at a local tax office.