Broodfonds (Bread Fund): Who Qualifies and What You Get
Learn how this collective fund provides self-employed individuals in the Netherlands with income support during short-term illness.
The Broodfonds (Bread Fund) is a collective arrangement where self-employed individuals pool their resources to support one another. This system, known locally as a Schenkkring, acts as a mutual safety net for members.
Who it's for
This scheme is designed for self-employed individuals who choose to join together in a collective group.
What you get
If you become ill and are unable to work, you receive mutual income support. This helps cover your living expenses while you are unable to earn through your business.
What it costs you
To participate, you must pay a monthly contribution into the collective fund. The exact amount depends on the specific arrangements of your group.
The catch to know
This is not a permanent solution for long-term disability. The support is specifically intended to cover short-term illness, typically for a maximum of two years.
How to apply
- Research how to form or join a collective group of self-employed peers.
- Confirm that the group's specific terms meet your financial needs.
- Join the collective and begin making your regular contributions.