Advice on Repaying a Loan to an Employer - Rechtswinkel.nl

Questioner

Due to circumstances, I had to take out a loan from my employer (due to a 30% withholding during the Cancer treatment) with a value of € 5,500, including interest. I have no money and want to pay this off with ADV hours. According to the IKAP scheme, you can offset 90 hours per year. The gross hourly rate is € 20. If the data is €20/hour loan €5,500 and allowed 90 hours ADV on an annual basis. How long does it take (in broad terms) before the loan is repaid. Is there a difference between gross and/or net settlement? What is most favorable for an employee? And does this always have to be at a special rate?

Lawyer

I understand that the debt to the employer is 5,500.00 euros. Of course, you can take the formal route and settle the amounts in accordance with the collective labor agreement. I advise you to make agreements with your employer about the repayment and to record them in writing. For example, what can you miss monthly?