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"Primarily, everyone with a higher tax burden benefits from a Rürup-Pension, after signing the contract. This basically includes all the well-earner...
In Germany, it is a kind of pension insurance. Your employer pays a part of your salary, before it is taxed, into a pension contract. When you retire, y...
Anyone who, in addition to the widow's pension, has income from an occupational pension, from private pension provision, from capital or from supplem...
A good guideline for determining the pension amount is 70 to 80 percent of your net salary. Make sure that you choose a contract with a so-called a s...
Entitlements from a company pension with deferred compensation cannot lapse by law. The entitlement to the benefit from the contributions paid is secure...
The contributions for a subsequent occupational pension can be made by the employer, the employee or both together. In the case of a so-called "deferred...
When the VBL occupational pension is paid out in old age, it must be taxed as income (deferred taxation). This is because the contributions are tax-free...
Anyone who receives a company pension in old age must declare the money from the pension fund as income in the tax return and pay tax on it. The occu...
Either the employer (AG) and the employee (AN) together or only the AG can pay into the occupational pension scheme (bAV). If the employee also makes...
Employers and employees can pay contributions to the company pension scheme or they are borne entirely by the Employer. If the employee pays the contrib...
If you quit your job, the employer does not continue to pay the contributions for the occupational pension scheme. However, the contract between you and...
The tax office gives you a tax-free pension allowance plus a supplement. The amount depends on the year in which you first received the pension: in 2005...
A deferred compensation in accordance with § 3 No. 63 EStG is tax-free for the bAV (Company Pension). As an employee, you pay your contributions for th...
A company pension plan is an additional supply which promises either a retirement rate, a survivor performance or a hedge of biometric risks. In this ca...
Yes, according to § 33 EStG (Einkommensteuergesetz) of the tax code, exceptional living expenses are tax-deductible. This includes expenses caused by i...
EM pensions are for workers who cannot work or can only work part-time, often because of an accident or illness. However, reduced earning capacity pe...
The "unlimited EM pension" (statutory pension insurance) does not usually pay a reduced earning capacity pension until the regular old-age pension be...
Yes with an EM pension, you can, but the amount of your pension may be reduced. It is possible to emigrate to other EU countries without reductions. In ...
Better known as disability pension, this form of early retirement has been called reduced earning capacity pension or EM pension for short since 2001...
The amount of the pension depends on the number of years of contributions and the gross salary. As a general rule, a statutory occupational disabilit...
In principle, these payments are taxable. However, you will rarely have to pay tax on benefits, because generally only the so-called income share is ...
A statutory occupational disability pension is only available to people with statutory pension insurance who were born before 1 January 1961. All those ...
The statutory reduced earning capacity pension is intended to compensate for financial losses caused by the premature end of gainful employment. However...
Currently, about four million people in Germany receive care allowance because they are in need of help. Depending on the care level, the person in n...
"Investing in funds, also known as mutual funds or exchange-traded funds (ETFs), is a simple way to diversify your portfolio and gain exposure to a vari...
Historically, the best time to invest is usually in late September, early October.
ETF are far cheaper than other funds an make it possible to buy a well-diversified investment with a single transaction.
The main downside of an ETF is its cost. While they are very cheap if you compare them to other funds, they still are more expensive than holding the as...
Yes, some ETFs do pay the dividends collected from their assets to the investor. But there are also many, who reinvest the gains. You have to check the ...
Since ETFs already include a certain level of diversification, they indeed average out the risk. But this does not mean that it is impossible to lose mo...
ETFs are a quite solid investment, with only a moderate level of necessary information. While they still require some research and knowledge, they are a...
An Exchange Traded Fund (ETF) is a collection of assets that depend on a specific index. Its goal is to map this underlying index as precisely as possib...
The biggest ETFs at the moments are:
An ETF represents a collection of assets. A stock-based ETF usually holds more than 100 stocks in a portfolio. ETF’s also exist that invest in portfol...
If an ETF is a good investment depends on the assets it is representing. If they perform well, the ETF will be a very good investment, but it is not ...
In Germany ETFs are taxed like the underlying investment, there is no special benefit.
They could be. ETFs are just an exchange-listed fund and the fund could be an index fund. ETF’s that track an index usually don’t hold all the stock...
It is calculated by taking the sum of the assets in the fund, including any securities and cash, subtracting out any liabilities, and dividing that figu...
In the context of investments, a fond is a type of mutual fund or collective investment scheme. It pools money from multiple investors and uses that mon...
An investment fund is a type of financial vehicle that pools together money from multiple investors to purchase securities, such as stocks, bonds, real ...
The term "Pension Fund" refers to a professional pension scheme. This is a pension scheme for liberal professions that are eligible for membership in ch...
Expat insurance often means a type of health insurance that will cover your expenses in case of an accident or illness. If you stay longer than 6 months...
There are over 20 health insurance providers in Germany with various ups and downsides for the client. The fastest way is expat insurance, however these...
The cost of private health insurance depends on the rates of the specific provider and your own health. People in good shape pay less than ones with hea...
Your contract can be managed by us if you wish. A change of provider including transfer of the credit balance is not possible for every pension contract...
Our promise is full transparency and flexibility as well as low costs. We are independent brokers and work for our clients to find the best possible sol...
Yes, Horizon65 is completely independent. There is no dependence on external providers. The team of advisors also has no obligation to choose certain pr...
Yes and no, when the service is automated (app) then it is free of charge but when we broker products we charge a fee based on the annual amount you wil...
We are a German company and our head office is in Berlin. As a digital company, we offer our services nationwide via telephone and video call. In add...
The Federal Reserve's decision to raise interest rates depends on a variety of economic factors, including inflation, employment rates, and economic gro...
Inflation occurs when there is a sustained increase in the general price level of goods and services in an economy over time. There are many factors tha...
Inflation was high in 1980 due to a combination of factors, including an increase in oil prices, expansionary monetary policy, and rising labor costs. I...
Japan has been experiencing low inflation for a prolonged period, commonly referred to as "Japan's deflationary trap." There are several factors that ha...
Inflation can have both winners and losers. Those who benefit from inflation are borrowers, particularly those with fixed-rate loans. This is because th...
Inflation target 2, also known as "2% inflation target," refers to a monetary policy framework in which a central bank sets a target inflation rate of 2...
Low inflation can be bad for several reasons. Firstly, it can lead to a decrease in demand and economic growth, as consumers delay purchases in the expe...
Inflation in Turkey has been high for several reasons. One of the main factors is the country's large current account deficit, which has put pressure on...
Inflation has been low in Japan for a variety of reasons. One key factor is the country's demographic trends, which include an aging population and low ...
Inflation can have both winners and losers, depending on various factors such as the overall economy, the type of inflation, and individual financial si...
Inflation is generally considered bad for stocks because it reduces the purchasing power of money, which can lead to lower corporate profits and stock p...
If the minimum wage were adjusted for inflation, it would be higher than its current rate. As of 2021, the federal minimum wage in the United States is ...
Inflation is generally considered bad for the economy because it erodes the purchasing power of a currency. When prices for goods and services increase,...
Inflation can be bad for equities because it erodes the purchasing power of the currency, which can reduce the real value of earnings and assets held by...
Venezuela has high inflation due to a combination of factors, including government policies, economic mismanagement, and external pressures. The country...
Inflation can be bad for bonds because it erodes the purchasing power of the bond's fixed payments over time. When inflation rises, the future cash flow...
Inflation is a commonly used term in economics that refers to the sustained increase in the general price level of goods and services in an economy over...
Inflation is necessary to promote economic growth and stability. A controlled level of inflation can stimulate spending and investment, which in turn ca...
Inflation occurs when the general level of prices for goods and services in an economy increases over time, resulting in a decrease in the purchasing po...
Inflation can have a significant impact on various groups, but it generally hurts low-income earners and people living on fixed incomes the most. This i...
As of February 2023, the inflation rate in the Eurozone is 9.6%. The Eurozone is a monetary union of 19 European Union member states that use the euro a...
To calculate the inflation rate from GDP, you need to use a formula that takes into account the nominal GDP and the real GDP. The nominal GDP represents...
When inflation increases, interest rates tend to go up. This is because higher inflation means that the purchasing power of the currency is decreasing, ...
Inflation can have various costs on an economy, including reducing the purchasing power of consumers, distorting price signals, discouraging investment,...
Inflation is affected by a variety of factors, including changes in the supply of money and credit, fluctuations in consumer and business confidence, sh...
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. This means that th...
Inflation is a general increase in the price level of goods and services in an economy over a period of time. In other words, it means that the purchasi...
Inflation is a phenomenon where the general level of prices for goods and services in an economy increases over time, leading to a decrease in the purch...
An inflation premium is the additional return on an investment that compensates for the expected loss of purchasing power due to inflation. In other wor...
Unemployment can have a significant impact on inflation. When there is a high level of unemployment, there is typically less demand for goods and servic...
Negative inflation, also known as deflation, occurs when the general price level of goods and services in an economy decreases over time. This means tha...
Runaway inflation refers to a situation in which the prices of goods and services rise at an extremely fast and uncontrollable rate. In this type of inf...
As of the latest available data from January 2023, the inflation rate in Germany is +8.7%. Inflation refers to the rate at which prices for goods and se...
The annual inflation rate is a measure of the rate at which the general level of prices for goods and services is increasing over a one-year period. It ...
In economics, inflation refers to the general increase in prices of goods and services in an economy over time. This means that as inflation occurs, eac...
The effects of inflation on the economy can be both positive and negative, and it largely depends on the level of inflation. Low inflation can be benefi...
The historical inflation rate in India has varied over time. From 2011 to 2020, the average inflation rate was around 5.97%, with a peak of 11.16% in No...
As of the latest data available in January 2023, the annual inflation rate in the United States is 5.4%. This represents an increase in the overall leve...
Consumer inflation, also known as consumer price inflation, refers to the rate at which the prices of goods and services purchased by households and ind...
A high inflation rate refers to a situation where the general price level of goods and services in an economy is rising at a relatively rapid pace. This...
Deflation can be worse than inflation because it can lead to a vicious cycle of declining demand and economic activity. When prices are falling, consume...
Consumer price inflation, also known as CPI, is a measure of the rate at which the prices of goods and services purchased by households rise over time. ...
The HICP inflation, or Harmonized Index of Consumer Prices inflation, is a measure of inflation used in the European Union. It measures the change in th...
The inflation rate is determined by a variety of factors, including the supply of money in circulation, the demand for goods and services, and the overa...
When inflation goes up, the value of bonds typically goes down. This is because inflation erodes the purchasing power of the fixed payments that bonds o...
Inflation is a phenomenon where the general level of prices for goods and services in an economy increases over time, resulting in a decrease in the pur...
A good inflation rate is generally considered to be around 2% per year. This level of inflation is seen as low enough to avoid causing significant econo...
When interest rates rise, inflation tends to decrease. This is because higher interest rates make it more expensive for individuals and businesses to bo...
Inflation refers to the rate at which the general level of prices for goods and services is increasing over time. This means that the purchasing power o...
Inflation can be a challenging economic force to manage, but there are some steps you can take to help keep up with its effects. Here are a few strategi...
A low inflation rate typically means that the general price level of goods and services in an economy is rising slowly. In other words, the rate at whic...
Inflation and deflation are two economic terms used to describe the movement of prices in an economy. Inflation is the rate at which the general level o...
Inflation is not dead. Inflation refers to the increase in prices of goods and services over time, and it is a normal part of a healthy economy. While i...
Protecting against inflation involves several strategies, including:
Yes, it is possible to decrease inflation. Inflation refers to the general increase in prices of goods and services over time, and is often caused by an...
If you're looking to profit from inflation, there are several strategies you can consider. One approach is to invest in assets that are expected to incr...
Low inflation can be both good and bad, depending on the context. In general, moderate inflation is considered healthy for the economy, as it can encour...
Inflation can have both positive and negative effects on an economy. A moderate level of inflation can encourage spending, investment, and economic grow...
Surviving inflation requires a combination of smart financial planning and lifestyle adjustments. Here are some tips to help you navigate inflation:
Inflation has been a topic of concern for many economies. In some countries, there has been an increase in inflation due to a variety of factors such as...
To calculate the inflation rate using GDP deflator, you can use the following formula:
To forecast inflation, there are several approaches you can take. One method is to analyze the historical relationship between inflation and other econo...
If you're looking to protect your assets from inflation, there are several strategies you can use to hedge against its effects. One common approach is t...
Forecasting the inflation rate can be challenging, but there are several methods that economists and analysts use to try to predict future inflation. So...
To calculate the inflation rate from GDP, you can use the GDP deflator. The GDP deflator is a measure of the price level of all goods and services inclu...
Hedging against inflation involves protecting your investments and purchasing power from the devaluation of currency. Options include:
Ending inflation involves implementing monetary and fiscal policies to control the supply and demand of money and goods, stabilize prices and maintain a...
The inflation premium is the additional return that investors demand to compensate for the expected erosion of purchasing power due to inflation. To cal...
To adjust GDP for inflation, calculate the real GDP by dividing nominal GDP by a price index and multiplying by 100. This adjusts for changes in the gen...
The inflation rate formula is calculated as:
To calculate salary increase based on inflation, follow these steps:
Inflation affects you by decreasing the purchasing power of your money. As prices for goods and services rise, each dollar you have buys less than it us...
In the stygian depths of the financial abyss, the rite of raising interest rates doth cast its eldritch spell upon the frothing maelstrom of inflation. ...
Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently purchasing power is falling. The inflation...
The inflation rate affects business by influencing the value of money. A high inflation rate means that money loses value and thus costs for companies i...
Inflation is an increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each ...
Inflation is the general increase in the cost of goods and services over time. To beat inflation, it is important to invest your money in assets that wi...
Inflation can have a complex relationship with unemployment. In the short term, high inflation can lead to higher unemployment as companies may raise pr...
Inflation is measured by calculating the percentage change in the Consumer Price Index (CPI) over a certain period of time. The CPI is a measure of the ...
Inflation can impact exchange rates in several ways. One way is through the interest rate differential, which is the difference in interest rates betwee...
Inflation and interest rates are closely related. When the inflation rate is high, interest rates also tend to be high. This is because lenders will cha...
Inflation can affect the stock market in a number of ways. High inflation can cause interest rates to rise, which can lead to increased borrowing costs ...
Inflation can have a negative effect on savings because it decreases the purchasing power of money over time. As prices for goods and services increase,...
Inflation affects the discount rate by causing the purchasing power of money to decrease over time. As inflation rises, the value of future cash flows d...
Inflation refers to the rate at which the overall price level of goods and services in an economy is increasing. It is measured as the percentage change...
Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When too much money is circulati...
GDP (Gross Domestic Product) and inflation are related in that a growing GDP can lead to an increase in inflation, while a stagnant or decreasing GDP ca...
Inflation can affect gold prices in a few ways. Firstly, as inflation increases, the value of the currency decreases, which can make gold more attractiv...
Inflation, which is a sustained increase in the general price level of goods and services in an economy over a period of time, can affect economic growt...
Paul Volcker, who served as the Chairman of the Federal Reserve from 1979 to 1987, is widely credited with successfully containing the "Great Inflation"...
Unemployment and inflation are two economic indicators that can have an impact on each other. In general, when unemployment is high, inflation tends to ...
Inflation can have a mixed effect on stock prices. In the short term, inflation can lead to higher interest rates, which can decrease stock prices. Howe...
There are several reasons why there may be no inflation in an economy. One possible reason is that there is a lack of demand for goods and services, whi...
High inflation is bad because it can lead to a decrease in purchasing power, making it more difficult for individuals and businesses to afford goods and...
Inflation can cause unemployment because when prices rise, the purchasing power of consumers decreases, leading to less demand for goods and services. A...
The two percent inflation rate is a target pursued by many central banks. This value is considered appropriate to ensure stable price development withou...
Deflation, or a decrease in the overall price level of goods and services, can be seen as worse than inflation, or an increase in the overall price leve...
To adjust for inflation using the Consumer Price Index (CPI), you can use the following formula: (CPI in current year / CPI in base year) x original cos...
High inflation can have a negative effect on GDP by decreasing investment and consumer spending, decreasing purchasing power, and increasing uncertainty...
"To adjust for inflation, one can use a Consumer Price Index (CPI) calculator to determine the current value of a certain amount of money from a previou...
Inflation can have both positive and negative effects on businesses. On one hand, it can increase consumer spending and demand for goods and services, l...
Inflation refers to the sustained increase in the general price level of goods and services in an economy over a period of time. When the overall price ...
"To fight inflation, a government can raise interest rates, decrease government spending, or increase taxes. Central banks may also decrease the money s...
One way to save money from inflation is to invest in assets that tend to increase in value in relation to inflation, such as stocks, real estate, or com...
To protect yourself from inflation, consider the following strategies:
To beat inflation, investors typically look to investments that have the potential to grow in value faster than the rate of inflation. Some options incl...
High inflation rate is a sustained increase in the general price level of goods and services in an economy over a period of time. When the inflation rat...
Inflation, the bane of all economies. A rise in the general level of prices, it doth signify a decrease in the purchasing power of money. As prices for ...
Inflation is the rate at which prices for goods and services increase over time. To reduce inflation, governments and central banks can use a variety of...
Inflation in Germany refers to the rate at which prices for goods and services in the country are rising. The most commonly used measure of inflation in...
Inflation in Hindi refers to the sustained increase in the general price level of goods and services in an economy over a period of time. When the gener...
Inflation is a continuous rise in the overall cost of goods and services in an economy that reduces the purchasing power of money as each unit can purch...
Lifestyle inflation refers to the tendency for people to increase their spending as their income rises, rather than saving or investing the extra money....
Inflation is a persistent rise in the overall cost of goods and services in an economy over time, causing a decrease in the value of money as each unit ...
Money inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When prices rise, each uni...
As of 2021, the inflation rate in South Africa is 4.1%.
Inflation can hurt those on fixed incomes, such as retirees and people living off savings, as it reduces the purchasing power of their money. Additional...
Inflation is the rate at which the general level of prices for goods and services is rising and subsequently, purchasing power is falling. The money sup...
To stop inflation, governments can use monetary policy (such as increasing interest rates) and fiscal policy (such as decreasing government spending) to...
Interest rates and inflation are closely related. When the economy is strong and growing, demand for goods and services increases, which can lead to hig...
To calculate the inflation rate, you will need to use the Consumer Price Index (CPI) from the Bureau of Labor Statistics. The formula for calculating th...
"To overcome inflation, experts suggest implementing a budget and sticking to it, investing in assets that have the potential to appreciate in value, an...
Typically, an inflation rate of 3% or higher is considered high, although this can vary depending on the specific circumstances of the economy. High inf...
Low inflation is considered the least bad option as both high inflation and deflation cause significant economic dislocation.
Quantitative easing (QE) is a monetary policy used by central banks to stimulate the economy by increasing the money supply. Some economists argue that ...
Fundamentally inflation is caused by too much money chasing too few productive uses of this money, inflation in 2022 however was mostly caused by price ...
Some inflation is good as it motivates savers to deploy their capital into the economy, however too much inflation negatively impacts most stakeholders ...
Inflation is an increase in the overall price level of goods and services in an economy. It can have a number of negative effects, which can be felt by ...
Inflation rate is the rate at which the general level of prices for goods and services is rising and subsequently purchasing power is falling. Central b...
Central banks want inflation because it helps to stimulate economic growth by encouraging spending and investment. A moderate level of inflation, typica...
Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently purchasing power is falling. Inflation can...
In economics, inflation and deflation are two important concepts that describe changes in the general price level of goods and services over time. These...
During inflation, it is generally recommended to invest in assets that can maintain or increase in value, such as real estate, precious metals, and stoc...
Inflation can negatively impact equity investors by decreasing the purchasing power of their investments. As prices for goods and services rise, the val...
Short term interest rates refer to the interest rates on financial instruments that mature within one year or less. These rates are typically set by cen...
National interest rates, also known as benchmark interest rates, are the interest rates that a country's central bank sets for its financial institution...
To calculate the interest rate on a credit card, you will need to gather some information about your card's terms and your current balance. First, find ...
To calculate interest rate risk, you need to consider two key factors: the duration of the investment and the sensitivity of the investment's value to c...
To calculate the effective annual interest rate, you need to take into account the nominal interest rate and the number of compounding periods per year....
To calculate the lease interest rate, you need to first gather some information such as the total cost of the asset, the residual value of the asset at ...
To find the interest rate, you need to know the amount of interest earned or paid, the principal amount of the loan or investment, and the time period o...
To convert an annual interest rate to a daily rate, you can use a simple mathematical formula. First, divide the annual rate by 365 to get the daily rat...
To calculate the interest rate per annum, you need to divide the amount of interest paid by the principal amount borrowed or invested, and then multiply...
Negative interest rates occur when central banks or other monetary authorities set interest rates below zero. In this scenario, instead of earning inter...
When interest rates rise, the prices of existing bonds in the market tend to fall, and when interest rates fall, bond prices tend to rise. This relation...
Inflation indexed bonds, also known as inflation-linked bonds or simply linkers, are fixed-income securities whose interest and principal payments are a...
Simple interest is calculated as:
To find your interest rate, check your credit card or loan statement, contact your bank or lender, or check an online interest rate comparison tool. You...
To calculate a flat interest rate, use the following formula: Interest = Principal x Rate x Time. Principal is the initial amount of the loan or deposit...
An interest rate swap is a financial contract between two parties in which one party agrees to pay a fixed interest rate to the other party in exchange ...
To calculate the Annual Percentage Rate (APR) from an interest rate, you can use the following formula: APR = (interest rate x 365 days) / (365 - number...
The interest rate for a personal loan in Pennsylvania can vary depending on the lender and the borrower's creditworthiness. On average, personal loan in...
A high interest rate is a percentage charged by a lender for the use of borrowed money. It represents the cost of borrowing and is typically expressed a...
Long-term interest rates are determined by a variety of factors, including inflation expectations, government monetary policy, and global economic condi...
To calculate interest rate, use the formula: Interest = Principal x Rate x Time. Principal is the initial amount of the loan or deposit. Rate is the per...
Interest rates are determined by the central bank of a country, such as the Federal Reserve in the United States. They use a variety of tools, including...
Asking for a lower interest rate on a credit card or loan may have a temporary, minor impact on your credit score. However, if your credit history and c...
To calculate an interest rate factor, use the following formula: Interest Factor = (1 + Interest Rate)^Number of Periods. The interest rate should be ex...
A long-term interest rate is the rate at which an individual or institution can borrow money for a period of time longer than one year. These rates are ...
Treasury inflation-protected securities (TIPS) are U.S. government bonds that are designed to help protect investors from inflation. The principal and i...
To find the rate of compound interest, use the formula: r = (m/p)^(1/n) - 1, where "r" is the interest rate, "m" is the final amount, "p" is the princip...
New car interest rates vary depending on the lender, the type of car, and the borrower's credit score. Typically, rates range from 2-5% for borrowers wi...
Negative interest rates refer to a situation in which the central bank charges banks to hold their money, rather than paying them interest. This is done...
The Deposit interest rate is the amount of money that a bank or other financial institution will pay you for keeping your money in one of their accounts...
Interest rates are typically set by a variety of entities, including:
To calculate the APR (Annual Percentage Rate) from a daily interest rate, you need to first determine the daily interest rate as a decimal. This can be ...
If you're looking to lower your interest rate, there are a few steps you can take. First, make sure you have a good credit score by paying your bills on...
If you're looking to lower your credit card interest rate, there are several steps you can take. First, you can try calling your credit card company and...
To get the best interest rate, you should start by shopping around and comparing rates from multiple lenders. Look beyond the big banks and consider cre...
To get a lower interest rate on your mortgage, you can consider several strategies. First, shop around and compare rates from different lenders to find ...
To calculate compound interest rate in Excel, you can use the formula: = (1 + interest rate) ^ (number of compounding periods) - 1 where "interest rate"...
If you're looking to reduce your interest rate on a bank loan or credit card, there are several strategies you can try when asking your bank for a lower...
Banks set interest rates based on a variety of factors, including the federal funds rate, the prime rate, and market conditions. The federal funds rate ...
Covered interest rate parity (CIRP) is an economic theory that suggests that the forward exchange rate should incorporate the interest rate differential...
Interest rates can have a significant impact on the economy in several ways. When interest rates are high, it becomes more expensive for businesses and ...
Bank interest rates are the amount of money that a financial institution pays to customers for holding their deposits. Interest rates are set by the ban...
The Japanese Bubble Economy refers to a period of rapid economic growth and soaring asset prices in Japan during the 1980s. This period was characterize...
Inflation rate can be calculated using Consumer Price Index (CPI). Formula: (CPI in current year - CPI in previous year) / CPI in previous year * 100 = ...
To adjust for inflation in Excel, follow these steps:
The interest rate on a business loan can vary depending on the lender, the type of loan, and the creditworthiness of the borrower. Typically, interest r...
The average interest rate on a personal loan can vary depending on factors such as credit score, loan amount, and loan term. According to Bankrate, the ...
Nominal interest rate is the interest rate before adjusting for inflation, while real interest rate is the nominal rate adjusted for inflation. In other...
To get a lower interest rate on a car loan, consider the following steps:
APR, or annual percentage rate, is a measure of the cost of credit, including the interest rate and additional fees. It is expressed as a percentage and...
In the UK, interest rates are set by the Monetary Policy Committee (MPC) of the Bank of England. The MPC is responsible for formulating and implementing...
Banks determine interest rates on savings accounts based on a variety of factors, including the Federal Reserve's benchmark interest rate, competition w...
The bank that offers the highest interest rate can vary depending on the type of account and the location of the bank. Typically, online banks offer hig...
MIET stands for "Member of the Institute of Engineering and Technology." It is a professional membership designation for individuals who are qualified e...
The amount of money you can save depends on your income, expenses, and savings habits. To determine how much you can save, you should create a budget an...
An investment advisor is a certified counselor that has to help you with the analysis of your investments, the portfolio and the feasibility of addition...
The fate of your assets and retirement income is determined based on where the income is coming from and, in the case of a retirement contract, the cond...
The earlier you start, the better! At the beginning of your career, when your salary is still low, a small monthly savings amount (20, 50 or 100 euro...
In addition to securing your family, you should also plan early for your pension. It is best to consult a professional pension planner. You can't invest...
Both the orphan's pension and the widow's pension belong to the category "pension due to death" in the statutory pension insurance. The orphan's pens...
The orphan's pension is intended to provide financial security for surviving children. They receive an orphan's pension if the deceased parent was in...
The orphan's pension is a benefit of the statutory social insurance. The statutory accident insurance and pension insurance (GRV) are responsible for...
The statutory pension insurance (GRV) calculates your pension according to the following formula: Amount of monthly pension = earning points x access...
Will the use of multiple private pensions is doubtful, there is no limit regarding the number of contracts you have. You can also invest as much money a...
Since a private pension is a completely private contract, it is fully independent of your employment or workplace.
This depends on the investments you choose for your pension. Some, like bonds, will not grow. While others may profit from inflation.
No, a company pension and a private pension are distinct and cannot be converted into each other. However, you have the option to supplement your compan...
Yes, this is always possible. To use the tax benefits, however, it would be necessary to own the private pension plan for more than 12 years and wait fo...
That is not directly possible. But you can quit the private pension contract and receive the capital as an immediate payout.
Without a problem! While both serve the same purpose, they do not hinder each other and be used at the same time. There are no negative consequences to ...
This is not a problem. If you move to another country, you can still use your private pension and get paid later. But, you should be careful about taxes...
In Germany, most insurance companies and banks offer their own version of a private pension. But it would be good to talk with a dedicated financial adv...
Yes, it is possible to withdraw your private pension anytime. However, you may lose some of the tax benefits. It is also possible that you will have to ...
A private pension can be invested however you want. This may include risky assets, if you choose so. Such a pension is of course not completely secure. ...
Yes, in Germany it is possible to receive the pay out of your private pension insurance early. However, you will miss out on a few tax benefits.
This depends on the actual contract. Generally, however, the money still contained in the contract is added to the estate and paid out to the heirs.
As a completely private contract, your private pension is in no way dependent on your work or retirement. If you work or not is of no concern for your p...
No, there is no relation between the private pension and your state pension.
A registered pension scheme is a special kind of pension insurance. In exchange for tax benefits, it follows rules set out by the government on how the ...
An investment arrangement with the stated purpose of financing and later supplying retirement income (pension) to you or your loved ones. There are stat...
The pension insurance secures your old-age income, and in Germany they are heavily tax-incentivized to enable you to supplement your pension (and to red...
A pension insurance is an investment contract. You invest your money and in return, you will receive a pension in old age or have the ability to take a ...
A pension insurance is an investment contract. You invest your money and in return, you will receive a pension in old age. There is a wide range of inve...
Pension insurance is a special form of life insurance. A distinction is made between statutory pension insurance GRV ("old-age pension") and private ...
There is no single best answer to this question, because there are numerous forms of old-age provision. And depending on your situation, different pr...
The pension allowance describes the proportion of the pension which does not have to be taxed.
The landlord deduct from the deposit if there are rent arrears, open additional payments, additional payments to be expected as well as damage to rented...
To calculate a fixed interest rate mortgage, you will need to know the loan amount, the loan term (length of time to repay the loan), and the fixed inte...
Interest rates can have a significant impact on the real estate market. When interest rates are low, borrowing money to purchase a property becomes more...
There are no special deductions for a second home. But it is possible to use the same deductions and write-offs that apply to your first home. Like the ...
It depends, in what context: If you are normally employed, then no. If you are the owner, and you are renting out a property, then you are able to deduc...
Never. Real estate belongs to the personal income tax, not the capital gains tax on. The income has to be filed yearly with your other streams of revenu...
In Germany, real estate does not fall under the capital gains tax “Abgeltungsteuer”. Both, profits from sale and rental income are filed under your ...
The commission for a real estate agent depends on your place of residence, but in most cases they will be between 2 % to 5 % of the value.
We can help you to clarify this difficult question and to design an optimal solution with you in which your investment is as low as possible in order to...
Life in Germany is particularly inexpensive in the districts of Lüchow-Dannenberg or Holzminden in Lower Saxony, in the Kyffhäuser district in Thuring...
You must submit your application for an old-age pension from the statutory pension insurance (GRV) at the latest at the end of the third month after ...
According to the Federal Government, Riester pensioners who retired in 2020 received an average Riester pension of 113 euros per month. By 2030, however...
The Riester pension benefits only a legally defined group of people. This is regulated in § 79 of the Income Tax Act (EStG) as well as in §10a of t...
The so-called Riester pension is a state-subsidised private old-age provision. It is named after the former Federal Minister of Labour Walter Riester an...
There is no legal problem for a self-employed to get a mortgage. However, several banks have internal regulations against them. You should send your req...
One way to reduce the tax burden would be to create a legal entity that you control and use it as a “middleman” between you and the customer. The in...
There is no special tax for self-employed people in Germany. You will have to pay the normal income tax, just like workers in a fixed contract.
The income tax basically follows certain limits. Until about €9.900 no tax has to be paid. After that, it will start with a percentage of 14 % and go ...
In the most simple set-up, self-employed have to pay the income tax. The exact amount depends on the yearly income. The higher the profit, the higher th...
As a self-employed person (start-upper, freelancer, etc.) you are not subject to compulsory insurance. You can, but do not have to pay into the statu...
There is no general answer to this question. In principle, the so-called basic pension, also called Rürup pension, is a very good choice. However, the ...
The most valuable subsidy for the self-employed is the immense tax advantage you can receive. Here, a subsidy rate of up to 42% awaits you. As a shar...
For certain occupational groups, self-employed people are already obliged to pay into the pension fund or certain pension schemes. Regardless of the leg...
The population aged 65 and over has an average gross income of 1,900 euros per month.
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 pe...
The amount of your state pension is based on the amount of money you paid into it. If you pay more, your pension will be higher. If you pay less, it wil...
The average state pension in Germany depends on the gender and place of residence. 1200 Euro for a male in the west, 1000 Euro for one in the East. Wome...
There is no minimum state pension in Germany. But old people in need can apply for the “Grundsicherung”, which is a type of social security. It take...
If you work with an employment contract, you are obliged to pay into the state pension-system. If you are self-employed, you are assumed to organize you...
The widow's pension for civil servants is calculated in a similar way as for those with statutory insurance (GRV). It amounts to 60 percent of the pe...
In order to be entitled to a widow's or widower's pension under the statutory pension insurance (GRV), you must have been married for at least one year....
When you apply for your pension, you will be compulsorily insured in the pensioners' health insurance scheme, provided you fulfil the pre-insurance p...
If you are younger than 47 and neither disabled nor raising a child, you will receive the small widower's pension. This is 25% of the pension your pa...
As a prospective pensioner, you are not entitled to a Christmas bonus if you retire before 1 December of a given year. However, if you remain employed u...
If you are still working, your own income, otherwise your own old-age pension will be offset against the widow's pension. As soon as the tax-free amount...
Normally, you have to pay contributions to the pension fund in order to receive a pension later. However, the federal government pays your pension co...
After the death of your partner, you as the surviving spouse will continue to receive the full amount of your partner's pension for three months. This a...
The child-rearing period improves your later monthly pension entitlement by about 32 euros for each year of child-rearing. If your child was born before...
For three months after the death, you as a survivor receive the widow's or widower's pension in the amount of the monthly old-age pension of your deceas...
The table shows how important additional private old-age provision is, because the payments of the SPS are at best suitable as a basic pension. Those wh...
Relatives often take on the care of a family member in need and sometimes even give up their job to do so. To ensure that this does not have a negati...
The following types of income are considered supplementary income by the German pension insurance: Gross pay, taxable profit, such as income from a b...
The standard retirement age for all those born after 1964 (with a few exceptions) is 67. However, you can also retire later, which increases your pen...
Teachers can retire after 40 years of service, as soon as they reach the age of 62; they must retire at the age of 65 at the latest. However, since J...
In order to be able to retire as a civil servant, the following conditions must be met.
Severely disabled persons are generally allowed to retire earlier than other insured persons. For example, severely disabled insured persons born in 195...
If you receive pension payments at 63, you may earn a maximum of 6,300 euros per year until you reach the standard retirement age (usually 65) without y...
Since your employment relationship does not end automatically when you reach the standard retirement age, you must give notice or sign a termination agr...
According to the SPS, the average monthly pension for men in Germany in 2019 was 1,139 euros in the old federal states and 1,212 euros in the new federa...
Statutory old-age pensions are only available upon application. You can apply in writing or online, or alternatively directly at your pension insurance ...
The average gross pension in Germany is 1,300 euros. If you were to retire in 2022, you would receive a net pension of 1,145 euros per month, provide...
If you have been insured for many years, you can retire without deductions before reaching the standard retirement age, under certain conditions: Thi...
If you have worked full time for 45 years, you cannot retire at the age of 60, as many people believe. It is true: If you have been insured for many yea...
As a compulsorily insured employee, you are also entitled to a pension. The same applies to the unemployed and the voluntarily insured self-employed. In...
In Germany, people who have been insured for a particularly long time can retire at 63 without deductions. This group of people includes those who ha...
Contribution periods: This includes all months for which compulsory or voluntary contributions were paid. Consideration periods, such as periods of b...
In 2003, the then red-green federal government passed the Agenda 2010. In the course of this, the payment of pensions was moved from the beginning of th...
In the month of death, the pension benefits are paid once again in full. If there is a surviving spouse or partner, you can apply for a widow's or wi...
Severely disabled persons can retire earlier than other insured persons. For example, severely disabled insured persons born in 1954 or later can retire...
If an insured person who is already receiving retirement benefits dies, his or her pension entitlement expires in the month of death. However, if a spou...
Short-time allowance supplements your reduced salary, but not completely. This is why the contributions that flow into your pension account decrease....
The pension amount in the statutory pension insurance (GRV) depends on the contributions you have paid in, the length of time you have paid in and yo...
If a person dies, the surviving spouse of the deceased receives the full amount of the pension for three months after the death. This is to bridge the p...
In addition to periods of employment, periods of child-rearing and unemployment (unemployment benefit I) are also counted towards the 45 contribution ye...
Women earn on average only half as much as men over the course of their working lives, as they often work part-time because of children, are often em...
The pension at the age of 60 no longer exists. At least there is no benefit from the statutory pension insurance. However, those who would like to re...
If you were born after 1964, your normal retirement age is 67. If you were born before 1947, you can retire without deductions at the age of 65. For tho...
This is not correct, because the amount of your pension later on does not depend on the payments you made in the last few years. In fact, the entire ...
Sickness benefit is a payment in lieu of remuneration to which you are entitled as an insured person if you are unable to work for a longer period of ti...
Each year of child-raising time improves your later monthly pension entitlement by around 32 euros. If your offspring was born before 1992, the SPS will...
Anyone who retires or has retired after 1 April 2004 will always receive their pension payment at the end of the month, i.e. on the last bank working da...
The requirements for a statutory pension for housewives do not differ from those for all other persons. However, mothers receive a credit of up to 3 ...
The statutory pension insurance deducts health and long-term care contributions from the gross pension. For health insurance this is 7.3 per cent and...
If you apply for "partial retirement", your salary will be halved, but then the employer (AG) will increase it by 20 per cent of the reduced salary. ...
In the event of divorce, all pension entitlements acquired during the marriage are divided equally. However, if your ex-partner dies, you are entitled t...
The majority of Germans will therefore never have a pension of 2,000 euros or more. This makes additional private pension provision all the more importa...
The standard retirement age, i.e. the age at which retirement is possible without deductions, will be 67 for the vast majority of Germans from 2029. How...
The "pension insurance institutions" administer the benefits of the statutory pension insurance and pay them out. All institutions taken together run...
The statutory pension insurance institutions in Germany are divided into federal and regional institutions according to § 125 SGB VI. The institutions ...
The pension insurance institution in this country is the Deutsche Rentenversicherung. It is divided into 14 regional and two nationwide institutions....
All compulsorily insured members of the pension insurance pay pension insurance contributions together with their employers. These contributions are ...
The following groups are liable for pension insurance in Germany according to SGB VI: Employees Craftsmen Parents within the framework of child-raisi...
Unlike in other areas of social insurance, the benefits granted are based on the amount of contributions paid in (equivalence principle). The statuto...
Normally, contributions to the statutory pension insurance for salaried employees are borne equally by the insured person and the employer (section 1...
The German Pension Insurance (DRV) has 16 independent institutions, each of which is responsible for a certain number of insured persons. The easiest...
When making personal retirement provisions, one should always rely on several building blocks. For example, you can invest in unit-linked life insura...
The origins of our pension insurance date back to 1889. Much has happened since then as a result of two world wars, the division and subsequent reunific...
Retiring at 55 is not an easy undertaking. Both the statutory pension and the Rürup/Basis pension can be brought forward to the age of 63 at the ear...
For this, one had to be born before 1953 and also have 45 years of compulsory contributions to the statutory pension insurance. The last pensioners for ...
In order to calculate how high the maximum pension in the statutory pension insurance can be, it is important to understand how the pension is calculate...
Anyone who has never worked and has therefore not paid any contributions into the German pension insurance (DRV) is generally not entitled to benefits f...
Inflation can affect stock prices in a variety of ways. In general, if inflation is high and expected to rise further, it can lead to concerns about pot...
Ever since the release of Adam Smith’s “Wealth of Nations”, Nation states have realized that they should only tax income. However, not all the mon...
For traditional life insurance policies, premiums are generally tax-deductible as long as the policy is held for a minimum of 12 years and is designated...
This depends on the kind of loan. Usually, they are not deductible. But if you use the money to buy real-estate and rent it out, they become deductible....
As part of the so-called household-related services, you can deduct 20 percent of the expenses per year, up to a maximum of 4,000 euros.
In most cases, student loan payments are not tax-deductible as a personal expense. However, there may be certain tax benefits available to individuals w...
Yes, childcare costs can be deducted from your tax. Up to €4000 per year.
You can only change your tax class by marrying, getting a divorce or altering your employment situation.
There are a total of 6 tax classes based on your life- and professional situation.
The inheritance tax is dependent on how close the deceased and the heir are related. A closer relation, like children or siblings, will have a far bigge...
In Germany several kinds of pension insurance include a tax relief on the contributions. This means that the money paid into the contract can be deducte...
Germany has a progressive tax; this means that the tax-rate will rise with your income. It starts with about 14 % if your income is about €10000 per y...
Your tax class is directly linked to your life- and professional situation. You have to look up which one fits you best.
Taxes are always too high. Nobody on this planet likes to pay taxes. The question of whether they are too high depends on your personal financial situat...
Many countries have adopted pension saving schemes that operate on the basis of tax-exemption during investing (E), tax-exemption of investment gains (E...
The easiest way to avoid a lump sum is to simply request the payment as a lifelong pension, paid as monthly income. However, several providers also offe...
Yes, but the amount depends on the kind of pension. All pensions, that were supported by tax deductions or relief, will be taxed as part of your income....
Since 2005, pension payments in this country have to be partially taxed. The amount of the taxable portion depends on the year of retirement. Those who ...
As an employee, the tax is deducted directly from your gross salary every month, which is paid by your employer. The tax on your pension, on the othe...
Pension payments must be entered in Annex R of your tax return: You must enter the following pension payments on the front of the form: 1. payments f...
Since 2005, pensions in the Federal Republic of Germany have been partially taxable. The amount of the taxable portion depends on the year of retirement...
Foreign pension payments must also be taxed in Germany according to the world income principle. In concrete terms, this means that 19 percent is tax-fre...
Pensions in Germany have been partially taxed since 2005. The amount of this portion depends on the year of retirement. Those who started their retireme...
Your tax burden is determined by the so-called pension allowance, which in turn depends on the year of retirement. The following applies: Retirement....
You only have to pay taxes on your pension if your pension exceeds the current tax-free amount of 9,984 euros for single persons and 19,968 euros for ma...
Since 2005, part of the pension has to be taxed. How big this part is depends on the year of retirement. Those who retired in 2005 or before only hav...
Contributions to the basic pension scheme (this includes both the statutory pension insurance and the basic pension, also called Rürup pension) as w...
The amount depends on whether the old law or the new law applies and whether you are entitled to a large or small widow's pension: If the spouse died...
The marriage must have taken place at least 12 months before the death of the partner.
In addition to the date of death, the survivor must be of a certain age to be able to claim the large widow's pension (2020: 45 years and nine months). ...
Receiving a widow's pension is subject to certain conditions: The deceased must have paid into the statutory pension insurance for at least 5 years o...
The amount of the widow's pension is determined by the following questions: Does old or new law apply, does the large or small widow's pension apply?...
In the case of employed persons, their own earned income is offset against the widow's pension, and in the case of pensioners, their own old-age pension...
The "large widow's pension" is a social benefit and also frequently referred to as the "survivor pension". As the name suggest, the pension is paid to s...
This statement is wrong! The same conditions apply to widowers as to surviving spouses. If you are a widower who is younger than 47 and neither incapaci...
Pursuant to § 97 of the Social Code Book VI, other income is offset against the widow's pension from the fourth month after the death of the spouse ...
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 s...
Entitlement to the so-called small widow's pension exists if the large widow's pension is denied because the requirements are not met. According to the ...
The full widow's pension is usually only paid if the surviving partner has no other income. Often the partners of the deceased receive their own old-age...
The widow's pension serves to secure maintenance, but: survivors with their own income must have 40 percent of their own net income offset against th...
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Fassung vom 28.07.2021
Introduction
This version of the imprint has been translated into English from the German original. The German version shall remain the only legally valid version: h...
Horizon65 GmbH
Was sind Nachhaltigkeitsrisiken?
Learn all about how the pension in Germany works and which type is right for you. This ultimate guide covers everything from the statutory pension to pr...
According to the German Pension Insurance Fund, male pensioners in the old federal states received an average monthly pension of 1,179 euros in 2021. In...
As one of the world's leading industrialized nations, the Federal Republic of Germany offers the complete range of investment options expected from a de...
One of the most important decisions when setting up a company pension scheme is which kind of implementation to take. The differences between the indivi...
Compared to other EU countries, Germany offers you tax incentives when you invest through private pension plans.
Foreigners tend not to be considered, with expats needing to arrange their own pension insurance in Germany. Fortunately, all discussed pension insuranc...
In March 2022 the pan-european pensions became available in Germany. The pan-european pension plan (PEPP) was born out of an initiative of the European ...
The Riester pension is a private old-age provision supported by state allowances and tax reductions. When you retire, all savings, allowances, and profi...
It would be ill-advised to put too much trust in the state pension. Many old people are already pushed into poverty and have to live on a level, that is...
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Taxes in Retirement are a problem, that many people do not have on their radar, but there is no getting around it. Although it was tax-exempt for a long...
Taxes and social security have to be expected, If you work in Germany as an Expat. We show you what to look out for.
If you live in Germany, you will have to pay Taxes. But there are many ways to get a tax refund and keep your money. We show you how!
Who works in Germany, must pay taxes from a certain income level. This article provides you an overview of which taxes have to be paid in Germany.
In Germany, by far, not all citizens are obliged to file a tax return. However, in most cases it makes sense to do so voluntarily. On average, employees...
Many people are concerned how much money is actually left after taxes. In order to clarify this question, you need a suitable tax calculator
What are real estate ETFs, and how do they work? What is there to consider when investing? These fundamental questions will be answered, but if you have...
A lifetime of hard work and still not enough in old age. Anyone who pays into the state pension fund today should have no illusions: In old age, you wil...
ETFs, stocks and mutual funds can be used as long-term investments. In this guide we will walk you through the pros and cons of each.
Anyone who invests their money in ETF will, sooner or later, have to deal with their portfolio. This primer will tell you what you need to know.
ETFs have become popular among institutional and private investors. But, there are differences between EFTs and Funds. We will explain them!
Building an investment portfolio from scratch can seem daunting. But with some help, you can easily make your first step.
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Understand inflation and safeguard your wealth with our ultimate guide. Learn how inflation impacts your finances and discover strategies to protect you...
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Income Protection is an extremely important subject. Find out how to protect your income and which option works best for you.
Health insurance in Germany is something many expats struggle with. We have written the ultimate guide for you to find the best option that fits you.
The fast majority of people in Germany have some kind of health insurance. It actually is mandatory and everyone has to choose between the state insuran...
Self-employed people in Germany do not enjoy the same protections against unemployment, there are no self-employed benefits if they find themselves out ...
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The list is not complete - we are working on adding more plans. Reviewing is very time-intensive. Feel free to contact us if you have questions regardin...
Allianz InvestFlex is a pension plan product offered by Allianz Lebensversicherung AG (Allianz Life Insurance). This plan is designed to provide custome...
The list is not complete - we are working on adding more plans. Reviewing is very time-intensive. Feel free to contact us if you have questions regardin...
Investo by SwissLife is a pension plan designed to help individuals save for their retirement. One of the key features of the plan is its flexibility. T...
Continentale Lebensversicherung is a German insurance company that specializes in life insurance policies. The company has been in operation for over 15...
Continentale Rente Invest is a life insurance product offered by the German insurance company, Continentale Lebensversicherung. This policy provides pol...
In December 2022 we asked people from all over the world about their current investment portfolio, their past investment portfolio and which asset class...
