The eleventh part of the series deals both with easily recognizable software errors in Riester subsidy calculators and with omitted information. Taking out a retirement plan is an investment. As with any other investment, the state subsidies in the investment phase are the focus of the customer’s interest when concluding a Riester contract – for […]
The ninth part of the series deals with the alarmingly different results of Internet Riester subsidy calculators from financial service providers. The Riester pension has meanwhile become an important guarantee for premiums in the insurance industry. From the customers’ point of view, the high level of state Riester incentives in the qualifying phase is […]
For a long time, financial service providers have been committed to providing information to their potential customers – especially when it comes to the topic of old-age provision. This is good and gratifying. But what does the practice look like? In order to find this out, around 50 Riester subsidy calculators were examined as […]
The eighth part of the series deals with Riester subsidy calculators, which all too often provide incorrect or inadequate results on the state Riester subsidy. The Riester subsidy consists of an allowance subsidy and a (supplementary) income tax subsidy, which is determined by the tax office as part of the so-called “Riester favourability test”. The […]
The Riester pension as a state-subsidised form of private old-age provision is an attempt to compensate for the declining level of pensions in the future. This usually does not affect self-employed persons, but rather assisting spouses and employees as compulsorily insured employees. With “Wohn-Riester”, the funds saved can be used to purchase residential property. However, […]
A Riester allowance is only granted to those who are compulsory members of the statutory pension insurance scheme. RA J. Fiala expressly points this out. However, this is not the case for over 1 million assisting spouses. Experts estimate that 5% of all employment relationships are “worthy of review”. Numerous German citizens pay compulsory contributions […]
pays contributions to the statutory pension insurance scheme and yet is not a compulsory member Attorney at Law Dr. Johannes Fiala Last year more than 2,000,000 Riester contracts were sold. Due to the changeover to “unisex tariffs” (equal premiums and equal benefits for men and women), male customers had to sell out at the end […]
Long-term planning but in line with demand If you earn money, you have to learn how to handle it. On the one hand, it is important to be able to cover the needs of daily life and, on the other, to ensure long-term financial stability. Satisfying the basic needs of a human being is only […]
Anyone who is employed as an employee until the age of 67 with a continuous income can expect to receive a net pension amounting to 50 percent of the last net income in the not too distant future, if he or she becomes a pensioner. This allows the average wage earner to live a dignified […]
– Why the capital market with compound interest effect does not allow us to expect higher pensions – For years, insiders have been reporting difficulties in the pension funds in generating the promised returns to finance pensions. While the management of a Versorgungskammer used to pat themselves on the back year after year because […]
