– Employer liability for defined benefit plans, defined contribution plans, defined contribution plans with minimum benefit – Using sample calculations for illustration, employers and employees are usually promised exaggerated pensions and increases in the value of occupational pensions (bAV). The external providers of occupational pensions (insurers, Pensionskassen, pension funds) are the most closely monitored […]
Artikel zum Thema: Pension scheme
Liability risks for employers when changing jobs and taking over company pension schemes (bAV)
– Pension capital transfer or change of policyholder – decision between plague and cholera – In purely statistical terms, the length of service of an employee is just under five years. If the employee has a pension plan, he or she will be able to take it with him or her to the new […]
More favourable occupational pensions without the Occupational Pensions Act (BetrAVG)
– How employers can free themselves from the constraining corset of the BetrAVG – Employers who want to set up company pensions look at the Company Pensions Act (Betriebsrentengesetz), or more precisely the Occupational Pensions Act (Betriebliches Altersversorgungsgesetz – BetrAVG). However, structuring a company pension in accordance with the BetrAVG usually suits neither the employer’s […]
Alternatives to occupational pensions instead of insurance solutions
– When government subsidies and legal requirements later become a yield trap – Increasing periods of employment in the low-wage sector or as a Hartz IV recipient reduce the prospects of the subsistence minimum in working life as well as later as a pensioner. While a fine may not affect the garnishment-free income, Hartz […]
Doubling of the tax burden due to private and occupational pensions
– When Social security and tax administration charge the citizen twice ? – The Regional Social Court of Rhineland-Palatinate (LSG Rheinland-Pfalz, judgement of 03.12.2015, ref. L 5 KR 84/15) ruled that when reinvesting the capital benefit of a company direct insurance by purchasing a private immediate annuity, compulsory contributions to the statutory health (GKV) and […]
Company pension scheme: Termination, nullity and compensation of pension commitments
– How to exit from unprofitable contracts with a low tax burden -. Contrary to claims to the contrary, the assets saved in the company pension scheme (bAV) can, as a rule, be dissolved prematurely. This applies both to the occupational pension scheme of normal employees and to managing directors and board members – […]
Company pension scheme: BGH grants garnishment protection below the level of social welfare assistance
– What monthly pension the law protects the self-employed from foreclosure -. Since 2007, the legislator has for the first time allowed the self-employed to build up assets of up to 238,000 euros with insurance companies, protected from seizure, for old-age provision. However, the full payment of 20,000 euros, which is deductible for tax […]
Company pension scheme (bAV): Mostly no simplified accounting for micro companies (GmbH, AG, GmbH & Co. KG)
– Why setting up a bAV blocks the way to balance sheet simplification -. Following the Bundestag, on 14 December 2012 the Bundesrat also approved the draft bill on the Small Capital Companies Accounting Law Amendment Act (Kleinstkapitalgesellschaften-Bilanzrechtsänderungsgesetz). (MicroBilG) was approved. The promised EReduction in the costs of accounting for micro-corporations (GmbH, AG, GmbH […]
Corona aid: With the support of the state in insolvency and old-age poverty
The wave of insolvencies is coming. What is to be considered thereby and how self-employed persons and GmbH managing directors could lose also the old age pension, explain the examined financial and investment advisor and banker Dr. Johannes Fiala and the expert for insurance mathematics Peter A. Schramm. In the so-called Corona crisis, the […]
Corona aids: With state aid in insolvency and poverty in old age
– How self-employed persons and GmbH managing directors also lose their pension provision ? – In the so-called Corona crisis, the state helps, for example by providing tax relief – such as reducing advance payments and deferral of payments upon application. This applies to income tax, corporate income tax and value added tax, but not […]