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The widow’s pension is taxed in the same way as the old-age pension. The pension allowances are also the same. Initially, the tax office automatically sets the tax class for the widower/widow to 3. This also applies for the first calendar year after the death. In the year thereafter, tax class 1 applies. In this case, the time of death is automatically transmitted to the tax authorities by the competent registration office and the new tax class is then recorded in the electronic income tax card.
At Horizon65 we can help you to determine if company pensions are worth it for you by using our mobile app to simulate its effect on your future taking into your existing investments and potential impact of inflation and taxation.
We regularly help our clients by comparing all the available company pension products on the market using our comparison portal or you can also directly get in touch with our experts to understand if it can be a good option for you.
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