Why can pensioners from Germany travel around the world?
“Germans have a good pension, so they can afford to travel the world in their old age” – many share this stereotype and expect comfortable social security by default. However, let's look at what the high German pension really consists of. Pension size in Germany The average pension in Germany, according to forecasts from the German Pension Insurance, in 2023 will be 1543 euros […]
Mandatory pension contributions for the self-employed
We answer a frequently asked question – mandatory pension contributions for the self-employed. The self-employed include selbständiger and Freiberufler. Since 2019, the government has been discussing the topic of making pension contributions mandatory for the self-employed. Currently, for most entrepreneurs, contributions are voluntary. There are professions for which deductions have always been mandatory, but we are sure these lucky ones already know about it. […]
What's happened Fondsgebundene Lebensversicherung?
Fondsgebundene Lebensversicherung is an investment savings product that allows you to form significant capital before retirement and receive a lifetime additional pension or a one-time large payment. In recent years, the classic Lebensversicherung has become less and less popular due to persistently low interest rates. Unlike the classic Lebensversicherung, there is no guaranteed bet. By investing in funds, you can often get higher returns, but […]
Widow's pension / Widower's pension
Widow's pension / Widower's pension (Witwen- or Witwer-Rente) HOW MUCH, HOW LONG AND WHO IS ALLOWED? Most of us have heard that in Germany, in the event of a tragic event with one of the spouses, the second receives the spouse's pension or part of it. This is true, BUT not always and not to the full extent. Let's look at the issue in more detail. But first let’s look at [...]
Do retirees pay taxes?
The pension tax system in Germany remains a focus, especially for those approaching this stage of their lives. Questions about how retirement income will be taxed, limitations and benefits are becoming important aspects of financial planning for future retirees. In this article we will take a closer look at all the exemptions and nuances that play an important role in tax policy […]
RÜRUP-RENTE
Rürup-Rente pension for self-employed with the ability to write off taxes
WHO IS NOT SUITABLE FOR? RIESTER-RENTE?
More about Riester-Rente you can read the article: “Riester-Rente additional pension." ✅Riester-Rente is a convenient tool for investing in your future pension in Germany. In this article we will look at situations that may not be suitable for you to conclude a Policy. ❌If you meet one of the following points, then you should consider whether you need this product: 🔹You work […]
RIESTER-RENTE – PENSION WITH SUPPORTS
Program Riester-Rente is a voluntary additional pension insurance with state participation. IMPORTANT. Added December 14, 2021: 🟢 Riester-Rente remains and will be in 2022 and beyond 🟢 Guaranteed rate decreases from 0,9% to 0,25%. In this regard, many companies stop concluding Riester contracts 🟢 If you are interested in Riester, contact us and we will help you […]
HOW TO FIND OUT THE AMOUNT OF PENSION
How to find out the size of your future pension? We constantly hear this question from recently moved compatriots. On the Internet you can find many calculators, but with unclear coefficients. Let's try to explain in an accessible language. 📍Old-age pension is due at 67 years old (since 2031). You can retire earlier than this age if you have more than 35 years of pension contributions. But […]
