Dutch Government financially supports parents who raise children. There are three support possibilities and two institutions involved:
- Child Benefit (Kinderbijslag), implemented by Social Insurance Bank (Sociale Verzekeringsbank, SVB);
- Child Budget (Kind-gebonden budget), implemented by the tax authority (Belastingdienst);
- Childcare Allowance (Kinderopvang toeslag), equally implemented by the tax authority.
Before you start, please arrange your digital entry key to government institutions, DigiD.
Note that SVB (Social Insurance Bank) is a social security agency that implements national insurance schemes in the Netherlands, like the basic state pension … and Child Benefit. However, rather than the name suggests, it is not a bank. Yet it is a financial institutions as it manages the funds of the national insurance schemes.
The three financial instruments are explained here: