Caution Riester pension: Reclaiming the allowance from family members? Family penalty – lack of social security check? Only when the benefit case occurs, as is the case with unemployment insurance, do the authorities check. Family members who are not subject to compulsory insurance do not receive unemployment benefit. In the case of the Riester contract, […]
Artikel zum Thema: Old-age poverty
Private pensions: European Parliament increases the risk of insolvency
It was not only the financial market crisis since 2008 that led to the realisation that insurance companies need higher equity capital in accordance with the so-called Solvency II rules so that they can better bear a fall in the value of, for example, government bonds? 30% insolvency risk with Solvency II: If […]
New BGH ruling: savings for basic pension must be used before Hartz-IV
A basic pension, also known as a Rürup pension, must be terminated in the event of an emergency Emergencies abound in a person’s life, such as when a welfare application is imminent. The question of whether a plaintiff is entitled to legal aid under the poor law is also assessed according to the same […]
The savings balance for a basic pension must be realized before Hartz-IV
The Federal Court of Justice unmasks the insurance industry’s sales fairy tales Emergencies abound in a person’s life, such as when a welfare application is imminent. The question of whether a plaintiff is entitled to legal aid under the poor law is also assessed according to the same standards. This is governed by § 90 […]
High return, no risk, zero cost, lots of trust
Dr. Johannes Fiala and Dipl.-Math. Peter A. Schramm on the pre-programmed investor bankruptcy An 80-year-old business widow appears at the bank counter with her savings book. “Young man, I want to take off”. Upon further inquiry, “Everything!”. She didn’t care about the interest on advances. Fifteen minutes later, she returns to the checkout counter. […]
Improved, but often too careless
In May and June 2009, we tested a total of 50 Internet Riester subsidy calculators – with alarming results. Only two test persons survived the by no means unusual test cases without errors. The ghost drivers among the computers formed the majority! That percentage has since dropped, as a retest showed. It is quite frightening […]
Company pension scheme: Threatening wave of insolvencies for provident funds?
– New billion-dollar liability for employers and intermediaries –. Support fund risk: Rulings prove total loss risk Courts have repeatedly ruled that the assets of provident funds (UK), together with any reinsurance policies they may have taken out, are part of their insolvency estate: a lawsuit brought by employees and managing directors has repeatedly […]
Ways out of the tax trap
Pension commitments are popular as an instrument of old-age provision. But because of the poor returns on many life insurance policies, there is a threat of tax problems. The tax trap can be avoided with a well thought-out spin-off from the GmbH. Johannes Fiala and Andreas M. Bosl The advantages of a pension commitment are […]
Company pension scheme (bAV) through deferred compensation: 10 billion social security as liability potential for employers
Company pension scheme (bAV) through deferred compensation: 10 billion social security as liability potential for employers *by Dr. Johannes Fiala, Attorney at Law (Munich), MBA Financial Services (Univ.), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), Lecturer for Civil and Insurance Law (BA Heidenheim, Univ. of Cooperative Education), (www.fiala.de) and Dipl.-.Math. Peter A. Schramm, expert […]
Tax trap pension commitment
| Pension plan | The pension plan concept of the pension commitment has been recommended by many tax advisors in order to reduce taxes and increase liquidity in the company. However, this commitment can lead to coverage gaps in the company. Experts estimate that more than 90 percent of all GmbH managing directors have been […]