You need to at the time of early retirement note

The so-called age is Born in 1954 at the age of 65 years and eight months. These workers can compete in 2020, your regular old-age pension. For many long-te

You need to at the time of early retirement note

The so-called age is Born in 1954 at the age of 65 years and eight months. These workers can compete in 2020, your regular old-age pension.

For many long-term Employees, it even went a little earlier: those Who can demonstrate 45 years of Insurance in the statutory pension insurance scheme, may occur without any pension deductions for early retirement. This applies to the so-called especially long-term Insured .

Early retirement pension with 63 and 35 years of insurance

There is a further exception is: Who will 35 years together, is in the pension legislation as " long-term Insured ". Also, this group of persons can work earlier behind – but only with financial losses. The second requirement for this Alternative: workers need to be at least 63 years old . Exceptions to the age only for people with a severe disability. The "Stiftung Warentest indicates that" in the current issue of the "financial test".

as of the 63. The birthday of the "pension Insured persons can, therefore to the long-term Insured" refer to. Under the required 35 insurance years

  • children's educational Care
  • times of supply compensation in the event of divorce
  • unemployment
  • longer disease

in addition, times for pregnancy, with education and a degree to fall credit, as the financial experts emphasize.

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Early retirement is the cost of money

the early retirees, however, have to forego a lot of money to be able to your dream of early retirement a reality.

Each month of early retirement at the beginning costs a 0.3% the annuity payout. And since the regular pension age is rising continuously up to the age of 67, this also means The earlier the pension is getting more and more expensive.

Reduced early retirement

The reductions in early old-age pension 63 35 years of insurance to rise for new retirees. Deutsche Rentenversicherung

A second pensions-reduction effect comes to this: the Basis of the early retirement pension is calculated, is less than that of a regular annuity - it proceeds to the beginning of the rule old-age pension.

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pattern pensioner illustrates the financial impact

How different retirement dates financial repercussions, shows the "Stiftung Warentest" in a pattern retired the class of 1958 . He should be regular up to his 66. Age of work. He leaves the working life already at age 63, add up the cuts on the 10.8% : 36 months à 0.3 percent. Foundation differs test, The amount of the monthly Pension payments, depending on the age a worker retire.

Would work the pattern pensioner of the year 1958 until his regular retirement age of 66 in 2024, he would get today a gross pension of 2009 Euro .

he Stays instead just up to 63 in the Job, he would have a notional pension from the 1880's Euro developed. This would then be reduced to 10.8 percent - so 203 Euro (36 months á 0.3 percent). The pattern of pensioners would, therefore, only a pension of 1677 Euro gross. The 332 euros per month gross less - for life. However, he gets his (reduced) pension at an earlier age and therefore, in total, longer than the regular old-age pension.

How much money you get at the age click Here for pensions calculator

deductions balance

interested parties can be made up by voluntary payments to the pension deductions. High amounts are needed. The sample retirees would have to pay according to "Stiftung Warentest" 50.227 euros to the pension insurance, the 203 Euro discount to compensate.

This is a high amount. But compared with a private pension could thus achieve a higher return, write the experts. In comparison with Stock market investment this type of private pension scheme offers lower chances of winning, but it is free from exchange risks.

more and more workers use this to your targeted to increase the early retirement financially. In 2019, nearly 415 million Euro, were paid, reported the "business week" with reference to information of the German Federal pension insurance. Compared to 2018 is an increase of almost 43 percent. Your tax return in 30 minutes

Using the PDF-guide the annoying tax return succeed in you in just 30 minutes. Plus: tips and Tricks for the tax savings, as well as a great accountant Test.

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Also interesting: woman your success story - With 21 years and 1000 Mark net, she bought the first apartment - as soon as you retire.

taxes to good use

, The above-mentioned 50.227 Euro "Payment" can significantly press. Because the deposits can make the future pensioners as a special tax expenditure is deductible. This leads to a reduction in taxes. Because the from the Treasury a year accepted special expenses are capped, it is worth to spread the payment over several years. Who wants to pay extra contributions into the pension Fund, should begin already from the age of 50 years.

content check: The gross-to-net calculator 2020 remains So much net them by the gross

the sample pensioners by the year 1958 is shown: a Pay the entire sum in the year 2020, the amount of its tax savings to ten percent. He distributed the amount to five years, he saves approximately 30 percent.

set this tax reduced extra payments in relation to later retirement, it takes a good 20 years, until the pattern of pensioners has deposits in it.

The original article can be found in the financial test no 6, 2020. ECB: First Inflation, then a new monetary order is coming - what the saver is in FOCUS ECB: First Inflation, then a new monetary order is coming - what the saver is Concerned, Mr. Chen is approaching a collapsed dog and know immediately what matter is PCP Anxious, Mr. Chen is approaching a collapsed dog and know immediately what the thing is

mbe/with Material from AFP
Updated Date: 14 June 2020, 16:27

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