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If you work in Germany under a fixed work-contract, you will have to pay into the mandatory state pension. In exchange, you will be able to receive a pension after turning 67. There is no possibility to opt out of this scheme, but freelancers are not covered by this scheme. If you pay into it for less than 5 years, you can claim your money back when you move abroad.
If you want to understand what you can expect from the german state pension than you can calculate it accurately with our mobile app.
You can also simulate any potential investments in the app that you could make to supplement the state pension.
Download our app and start gaining insight into your current and future finances.
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