Saturday, April 12, 2025

Explaining The German Social Pension Tax

 : The pension insurance contribution is 18.6-percent of your pay (half from you and half from the company).....gross salary.

Contributions max at 90,600 Euro (per year).

Your pension being taxable?  If you started in 2005....only 50-percent is taxable. If you retire after 2040....100-percent is taxable.

If you marginally had an income for the first 20 years of working?  Yeah, you probably will find your pension level down around 600 to 1,200 Euro a month.

The pension folks in the at-risk-of-poverty threshold? Figure around 1,200 or less....for a single person.  

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