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Topic: Riester-Rente No. 3 March 2005 (Published on 28.2.2005)

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2nd Who can Riester?
Everyone who is affected by the decline of pensions. Workers are counted as dire
ct beneficiaries as well as to officials and public employees. Trainees and the
unemployed are entitled to the allowances and the deduction of special expenses.
Self-employed often have the opportunity to complete a subsidized Riester contr
act. These include, for example, craftsmen, with the entry in the trades or arti
sts who are insured under the artists' law. But all the other self to use the Ri
ester pension if they are married and the spouse has a claim Riester and a contr
act. In this case
It continues on page 2
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Topic: Riester-Rente
Understand Riester?
Basic knowledge
the request of Claudia Schwintowski from Bremen was as impressive as effective:
"Make me something about the Riester-Rente - the need to explain but can also si
mplify!" In fact, the Riester model is anything but simple. In addition to suppl
ements, there are tax benefits, the entire support can be lost if the contract i
s terminated, unless the money ends up in another contract, where it is used aga
in for the Riester pension if not ... And the more I thought about it, the more
it became clear that one of the preventive monster actually once should explain
that everyone understands it. Only then it makes sense. You can not take full ad
vantage of the Riester-scheme if you do not know exactly what you are doing. So
we have this whole issue of money devoted to simplify the Riester pension. It's
everything you need to know to competently decide whether the Riester pension is
appropriate for you or a waste of money that you can create better. Mrs. Schwin
towski has made the issue the way, as a test reader for us under the microscope.
My verdict: So everyone can understand the Riester pension really!
What brings Riester Riester really?
All about promotion & Co. - made simple!
The Riester pension is now regarded as an important pillar of the pension plans.
And rightly so. Because support is excellent, the model is a good building bloc
k for retirement. Many savers but are afraid of Riester because you do not under
stand the rules. Therefore, you learn here everything you need to know about Rie
ster.
1st How does Riester?
The Riester pension is a funded pension. You pay your money, and from the accumu
lated assets, the interest and the allowances you receive a pension later. Which
is guaranteed for life - the amount depends on how profitable you create your m
oney.
simplify money Topic Riester pension: The themes in this issue
Basic knowledge of law
What really brings Riester? . 1-2
Riester your rights
Good to know: The MLP decision. . . . . . . . . . . . . 6
Truths about the private retirement
I can not pay - and now? . . . . . . 3
Save good
The 7 Riester errors. . . . . . . 7
The provision for retirement
Which model is right for me? . . . . . . . . . . 4-5
Application and tax
If the Riester pension is. . . . . . . . 8 Imprint. . . . . . . . . . . . . . .
4
Oliver Mest editor simplify money
To apply for a grant. . . . . . . . . . . 6
www.orgenda.de / subscribers - access: Users: your name, current password: Your
Account
simplify money Topic: Riester-Rente 1
Basic knowledge
Continued from page 1
are the self-employed and receive benefits indirectly benefits - only the specia
l deduction is denied to them.
5th What should I do?
You must pay your contract in certain minimum amounts of money to get the promot
ion. This minimum contribution is from 2008 at 4% of your compulsory pension inc
ome last year, but maximum at 2,100 €. These allowances are deducted from this a
mount. A married father of three children with an income of 52,500 € does not ha
ve to pay € 2,100, € 1,391, but only because the supplements (one-time € 154 and
€ 185 deducted three times). Very important: If you are eligible immediately, b
ut have had no income and you must always pay the base amount of 60 € to get the
full allowance. As indirectly claimant, however, you also get the bonuses, even
without pay a cent!
More
Under www.orgenda.de / subscriber you can simplify the checklist for Riester pen
sion. Lets you know exactly what to look at the conclusion of the contract, to o
btain the optimal preparedness.€calculation of the minimum own contribution cruc
ial. So if you have a child in 2007 and Riester 2008 to parents in time, you hav
e to pay the allowance for 2008 4% of your previous year's income in order to re
ceive the full allowance. If you (which will not even be the norm), you have to
pay this year's contribution from his own pocket - for example, an income of € 4
0,000 ind the least € 1,600. Curious: If you work after parental leave and weite
rriestern again, you have to work after a year of maternity leave and pay 4% of
the previous year's income. If you were at home and have not worked, so only the
base amount is due - even though you already earn money ...
3rd How do I submit a contract?
They choose a provider (such as your bank, insurance or other financial institut
ion from) and connect from there the appropriate contract. This can be a fund sa
vings plan, a normal bank savings plan or an insurance solution (to the major ad
vantages and disadvantages more on pages 4 and 5). In this contract, you pay you
r monthly, quarterly or yearly contributions due one. You also ask about your pr
ovider and set the allowances due to additional contributions from the tax, if n
ecessary, to get a bonus from the tax. That's it!
4th What are promoting it?
Funding is one of the contracts for the allowances. From 2008 you will receive a
basic allowance € 154 a year for each child there is € 185 for offspring born i
n 2008 as 300 € a year. These allowances will be credited to the contract. In ad
dition, you can deduct contributions up to a certain maximum (2008 it was € 2100
) as special: So it is possible to obtain a further tax bonus. Read more in the
box below!
6th What Riester in parental time?
When parents take care of in the first three years of life of their child, they
are usually compulsory in the statutory pension insurance. The result is that th
e respective parent has a right to the Riester allowances where the minimum net
amount is paid. The problem Have the parents worked in the previous year, this i
ncome in the first Year of parental leave for working
7th What is a malicious use?
The legislature has defined very clearly what you can do with your money Riester
: You will receive an age pension for life and have the option of a part of the
assets paid to retirement to get. Also, you can encourage home ownership by Ries
ter. In contrast, there are numerous constraints that are considered harmful use
and lead to all earnings and tax benefits must be repaid. You may not, for exam
ple the contract before 60 Birthday dissolve and leave the money pay off, and yo
u must remain fully liable during the annuity phase in Germany to tax. This mean
s that you can live abroad but have to pay taxes here. In addition, the accumula
ted capital with the allowances between spouses at death only, and only in a Rie
ster contract be inherited. €
Riester-Rente: Sun is expected
The example shows what support may be possible. Gottschewski Peter is married an
d father of two children. In 2007, he has had a taxable income of € 48,000. In h
is Riester contract in 2007, he has the necessary amount of this year paid € 157
5 - € 1185 € itself and 390 were the allowances for him and for the two children
. At the same time he has a € 1,575 tax recognized as special, which earns him a
n additional tax benefit of 66 €. Overall, the agreement then with 456 € support
has been promoted - that represents a production rate of over 38% on the contri
bution! Mrs. Gottschewski has also worked and earned € 24,000. It has also paid
€ 1,575 in the contract, of which € 114 was state allowance. Your tax bonus: 232
€ plus the allowance of 114 €, makes a total of 346 € - a production rate of al
most 24% on the contribution!
2 simplify money Topic: Riester-Rente
Riester your rights
I can not pay - and now?
What do you do in special situations with your Riester contract
Not always life goes the way you have introduced yourself to complete your Riest
er contract. You may have to go abroad are temporarily unemployed, go to a sabba
tical or parental leave. Your Riester contract makes a lot of - read here how to
use the contract makes sense in any situation. My Tip: The denunciation is only
one solution for the extreme case in which the accumulated assets are really ne
eded urgently.
The verdict on Riester
Private pension insurer must submit to the Riester-Rente not unreasonably high c
osts into account if the customer wants a termination of the Riester contract. I
n the front of the Landgericht Hamburg (AZ: 324 O 577/02) negotiated case justif
ied the court's decision so that cancellation deductions generally not expected
to cause Riester preventing consumers from the termination. Also it is likely on
ly cost will be calculated at the cancellation charges, which are also in a cont
ext of early termination. My tip: With a new contract in the bag should be a swi
tch problem.
The premium adjustment
Often a premium adjustments in the past was in any case necessary to adjust the
payment to the income or the changing limits. But the level of contributions may
also change if the money does not sit as relaxed as perhaps the year before. If
you can not reach the required minimum contribution, you get the allowance afte
r all, even proportionately, as may the tax advantages. My advice: Take this opp
ortunity to at least partly to take advantage of funding opportunities.
Your rights as Riester savers
● You may terminate the contract. ● You can adjust the contributions. ● Do not t
o another An-
provider change and there continue the contract.
● You may contract in the An-
let rest for saving phase.
The termination
A termination of the contract and a payment of Riester's assets is generally not
a good choice. For before the money arrives in your account, the state has alre
ady been cashed and deducted all benefits once granted tax benefits. Moreover, i
n the next tax return nor a lookup to the tax is due, because all income must be
taxed. The bill for a test case, see the bottom of the box. Moreover, that occu
r mainly in pension funds in the first years of high costs that decimate the acc
umulated money in addition. likely to remain much left, especially in the early
years so not!
Change provider
If you are unhappy with your contract or the supplier, you should not be afraid
of change. This may be a transfer within the agency to another product or a swit
ch to a different provider. The cost of this should ask you before, and perform
a termination of the Altvertrages only if you have already signed the new Rieste
r contract. Otherwise you risk the same fate as the canceled subscriptions witho
ut a new agreement, the state recover allowances and tax benefits.
The Ruhenlassen
Often simply lack the money to SAVE MONEY the Riester contract itself or in the
required heights. Often to blame a system, the Riester-savers is financially bur
dened in situations. If you have earned in 2006, for example, good and want Ries
ter 2007, the income counts from 2006, when it comes to the minimum contribution
to be paid. But if you go on maternity leave in 2007 or even become unemployed
after you earned the previous year, well, is usually a major contribution is due
, you in your new living situation can not or will not pay any. For who ever jus
t up to 2,000 € for a Riester contract has left? In this case, just a suspension
. Pay for one not in the contract, although you lose the allowances and any appl
icable tax benefit, but your capital will continue to operate. My advice: Always
a meaningful alternative to the termination! €
Riester-Rente: How expensive can be a termination
You have geriestert from 2005 and have over 20 years with 2 children € 12 607 €
bonuses and 3000 tax benefits collected. Your entire property is located at 64,0
00 €. If you were to terminate in 2025, you would get from this € 64,000 € 48,39
3 paid in any case only because the allowances and tax benefits will be deducted
. would have revenues in the amount of 22.000 €, you also pay taxes, so that at
a tax rate of 35% or even € 7,700 would be interest due. Overall, therefore, the
re were only € 40,693.
simplify money Topic: Riester-Rente 3
Save good
Which model is right for me?
Savings plans, insurance companies or funds: The pros and cons of the Riester va
riants
The variety of models for some Riester pension savers a real burden. Because the
choice of insurance, unit-linked insurance, bank savings plans and investment s
avings plan is not easy! Therefore, you will find all the models at a glance - w
ith all the pros and cons and the very best offers. In both cases, one can now a
ssume that the returns to savers in a Riester, who is now 40 years old,€should p
robably settle in the area of 4-5% - with no allowances and tax benefits. Solid
conclusions can hardly meet, because the Zinsentwikklung not for such a long per
iod is predictable. What should I do? If you wish to enter a bank savings plan,
you should use a simplify version. Save up to provide offers, the bonus payments
or complicated to be calculated interest rate increases, which are geared to no
t even comprehensible sizes and reference sets. A good example is the offer of t
he Mainzer Volksbank: Here is paid without any ifs and buts an interest rate of
0.5% below the current yield. This is easy to understand and does not require la
rge computational tricks. What are the costs in this model Riester to me? If the
bank savings plans, the bank earns on the difference between the interest paid
on the current yield. In Mainzer Volksbank is 0.5%, at Sparkasse Günzburg-Krumba
ch 0.62% and 0.75% of the land bank Schenefeld. With other providers, however, t
he difference brisk 1.5 to about 2%, which should not be worth the savings schem
e. There are also account maintenance fees which are charged only with some bank
s and not exceed 10 €. For which Riester-savers, these contracts are suitable? B
asically, Riester bank savings plans a good choice if you want to plan safe with
low cost. Especially when the Riester-Rente a safer part of your pension must b
e and will, bank savings plans are the right choice. What services are good? Esp
ecially recommended is the Riester savings scheme of the Mainzer Volksbank. He c
urrently offers a good return, interest rates are easy to understand, and only o
ne interest rate may fall across the board for a long time to prevent a good out
come. A good offer with permanently increasing interest recommends the Stiftung
Warentest Riester the Treaty of Sparkasse Günzburg-Krumbach, which currently pay
s 2.95% interest.
The classic: bank savings plans
Bank savings plans are the Riester simplify model: they are profitable, risk-fre
e and easy to complete. Many banks have branches, the savings does not have cont
racts on offer, there are obviously preferred provisionsstarke insurance models,
but without a bank around the corner to complete the contracts are incredibly e
asy. Many banks also offer non-local customer contracts, the documents you reque
st by phone and Internet, the documents you send by mail identification process
back on your post office - and you have completed a profitable Riester savings s
cheme. And what does the treaties? The interest of the best deals are currently
in the range 3-4%. The best way to have this one, which provide either an increa
sing interest from the beginning or relate their interest to the current yield.
The top seller: Riester pension à la
More than half of the Riester pension contracts. This figure is expected to make
above all German savings habits noticeable with appropriate insurance advertisi
ng. In addition, savers with insurance in black and white to see what will bring
the contract again. This sum, however, varies enormously X: good providers brin
g an almost 30% less pension than recommended. And what does the treaties? First
of all insurers pay a guaranteed interest rate of 2.25% on the savings componen
t. According to investigations
My personal advice service
No March 3, 2005
(To be published on 28.2.2005)
®
money
is a comprehensive advisory service on the subject of money. Simply secure livin
g. So we help you manage your money easily.
All rights reserved. Reprinting and reproduction, even in part, is prohibited. F
or the accuracy of information researched and for their completeness can not be
held liable. Please note that our investment recommendations on no-
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ent: Stephanie Honekamp Production Manager: Dipl.-Ing. Monika Graf production: D
irk Rolke Publisher: Orgenda publisher of personal development - a division of V
NR Publishing House for the German economy AG (Bonn, HRB 8165) Executive Board:
Dipl.-Kaufm. Helmut Graf pressure: Bonner Druck & Medien, Bonn
challenge for the purchase or sale of securities represent. We recommend each in
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t can result in financial losses.
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ISSN 1611-3004
4 simplify money Topic: Riester-Rente
Save good
Stiftung Warentest over the years 2004-2006 are in very good sellers yields of u
p to 5.8%. Poor provider, however, offer the customer just a little more than 4%
- that you do not need insurance. What should I do? If there is to be a Riester
pension, then get a few deals in question, which was assessed by financial test
very well. In no sense are unit-linked policies, which bring in Riester Model n
o advantages. Because your contributions paid will be refunded for all versions,
so you can just put on coat without insurance fund and save the cost of insuran
ce. What are the costs in this model Riester to me? The cost of the policies are
charged to the contract generally in the first 5 years. Therefore, the Riester
pension insurance is also a real money pit if the contract is not contrary to ex
pectations held out. If you need to get off, for example, after a few years, muc
h of your money is draufgegangen for the costs. For which Riester-savers, these
contracts are suitable? Riester pension insurance is recommended especially if y
ou want a guaranteed pension at age flow and as savers are sure that the contrac
t can also SAVE MONEY long term and want. What services are good? In particular,
Cosmos and Hanse Merkur have the big test of the Warentest Foundation deserves
top marks. A high guaranteed pension and a good prognosis for total pension were
crucial to above average were transparent documents. Almost at the top mark is
scarred by the Debeka which scored particularly regarding the possible total pen
sion.
Best prospects: Riester-fund savings plans
Fund savings plans are especially made for Riester savers who want to get out of
your contracts the maximum rate of return. For while moving bank savings plans
and insurance in accordance with the current state of the yield more in the rang
e 4-5%, is possible with good fund twice the return. And what does the treaties?
The best agreements are reached from the perspective of the past five years yie
lds 8.5 to 14% on the contribution. In the long run should be possible yields of
around 8%. What should I do? In particular, younger savers should choose a Ries
ter fund savings plan, which focuses on a high equity component. The only way to
return the benefits of the fund savings plan best suited to exploit. Conservati
ve and are therefore suitable for less venture capitalists fund savings plans th
at rely on a mix of fixed income and equities. What are the costs in this model
Riester to me? Of course, fund companies also give away anything and want to ear
n with the Riester contracts (your) money. Therefore,
also initial charges levied on the funds that can be bespart. They are in the wo
rst case at 4.8%, which are deducted from the savings amount. There are also ann
ual management costs which can account for up to 2% of the fixed sum. Hefty fees
, which can be avoided, however, by the Fund are purchased at a discount. Where
is it, check in the box below. For which Riester-savers, these contracts are sui
table? Riester-fund savings plans are designed according to the equity component
for young save between 30 and 49. Where: The older the savers, the greater shou
ld be the share of fixed-income securities. What services are good? For younger
savers in their 30s is the UniProfirente the best choice. Here you use the stock
market most of the opportunities, but also secured by the Riester pension provi
sions against losses. Older savers rely on the DWS Toprent balance, which curren
tly invests 50% in bond funds and half in equity funds, with a focus on dividend
and conservative papers. €
Fund savings plans at a discount
The UniProfirente is currently offered anywhere unfortunately a discount. gives
discount on the DWS funds and other savings plans Riester fund it with the follo
wing providers: AAV fund intermediation www.fondsvermittlung.de Telephone: 07361
68 04 75 AVL financial www.avl-investmentfonds.de Telephone: 01805 99 69 06 FD-
savings fund purchase www . sparkauf.de unit-Phone: 08 772 13 03 Finanzpartner.d
e www.finanzpartner.de Telephone: 02241 97 58 10 Fonds4You www.fonds4you.de Phon
e: 0341 35 59 05 49 fund discount Mainz www.fondsrabatt-mainz.de Phone: 06131 45
86 8 Martius financial www.fonds-in-netz.de Telephone: 06172 26 90 00 trigonus
www.trigonus.de Phone: 06 181 90 80 61 10
simplify money Topic: Riester-Rente 5:00
Application and tax
To apply for a grant
All about application, supplement and Events
If you have signed a contract Riester, there are the allowances and the tax bene
fits is not automatic.€You must do something about it. What this is, read here.
Data retrieved automatically, so that false information of yours is no longer po
ssible. Very important: The application for a retirement allowance, you must pro
vide no later than the end of the second year following the savings year for 200
6 so no later than 31/12/2008. Otherwise, the entitlement to the allowance expir
es. credited to the income tax return. The tax office will automatically check w
hether you get a tax benefit with the Riester contract. You need only the so-cal
led provider certificate according to § 10a paragraph 5, add your income tax ret
urn, in which all pension contributions paid with all the necessary fundamentals
of the contract are listed. In the tax return, enter on page 3 only in line 75,
an installation that is included with AV, which you must enter the data request
ed. The appropriate form can be found online on the page www.formulare-bfinv.de
in income tax. €
Allowances apply
The basic funding of the Riester pension is for pension benefits, which may cons
ist of a primary and a child allowance. This must apply for retirement allowance
s for yourself. This is done with the so-called application for retirement allow
ance that you receive from your investment institution. If you have children, it
is also from your bank or insurance to supplement sheet child allowance. Both a
pplications you fill out and send back as soon as your bank or insurance company
. You must make the request by the way since 2005 no longer each year, but can e
ven ask your carrier for a period allowances claim. So that you authorize the ve
ndor to provide the allowances each year to request to you electronically. This
will also take the necessary
So high is the retirement allowance
From 2008 to suit every Riester savers a basic allowance of 154 € per child and
a child allowance of 185 €. For children born in 2008 is the allowance even 300
€! Provided, however, that the minimum contribution was paid in the amount of 4%
of prior year income (maximum € 2,100).
These contributions are tax deductible
From 2008 each Riester savers can have a maximum € 2,100 which were deposited in
a Riester contract as special make tax deductible. At a tax rate of 42% to a ma
ximum of € 882 (net of allowances, plus solos and if applicable, church) tax ben
efit can be achieved.
Use tax benefits
In addition to the retirement allowance, you have the opportunity to review your
Riester contract to sell as special tax. If the tax benefit greater than the al
lowance, there is this difference as additional tax under
Good to know: The MLP Rating
Why is it important also to the cost of the contract
Because of an ambiguous wording in the contract documents may Heidelberger finan
cial service provider MLP from a customer in the Riester pension, only 10% of th
e originally demanded cash acquisition costs. The district court has the Heidelb
erg (AZ: 30 C 122/06) decided in its MLP Riester verdict. The client had complet
ed MLP on a so-called balance-Invest as pension Riester pension with appropriate
support. The cost of which in the opinion of the Court in the contract does not
clearly set out. provided by MLP was that accrue over 10 years 0.692% per year,
a total of 6.92%. Similarly, but could be meant that the total cost of the Ries
ter pension is distributed over 10 years amount to 0.692% of the amount of contr
ibutions. Is something objectively ambiguous, it would lead to the interpretatio
n favorable to the insured, the judges said. And that only 10% of the originally
agreed upon commissions for this Riester pension model is due. What does the ML
P Riester sentence for you? After the verdict, the lawyers of the Riester-party
certainly clearer and use according to the insurer more favorable terms. For you
, but still remains the question of the cost if you go for advice. Your advisor
should be able to quantify the cost of your Riester-Rente clear and consistent s
o you know, what does the screening. Let us give a corresponding calculation in
writing. €
6 simplify money Topic: Riester-Rente
Truths about the private provision
The 7 mistakes Riester
Now for the truth: an end to the persistent (and misleading) rumors!
Around the Riester pension to keep some really stubborn errors, you should know
before you abandon it for exactly such prejudices may even have a contract.€Here
you will be enlightened! capital accrued a pension for the partner or the child
ren can be paid. This can be done mainly by insurance.
5th With Riester funds I may lose money
No, not when you dabeibleiben until retirement. Each vendor will be paid in pens
ion contributions, and your minimum guarantee and pay all benefits from these as
sets is a lifelong pension. This ensures, for example, at a minimum return on fu
nd investments, even if the fund should not make a profit €. A loss on the stock
exchanges, so she can be quite cold!
1st If I want to live abroad, Riester is not for me
Fact is: If you move abroad and give up your residence here, the end of your ful
l tax liability in Germany. The result: you would have to repay the allowances a
nd tax benefits. But even if you live abroad, you can continue to stay in German
y to unlimited tax liability and take advantage of the Riester pension without l
ater have to repay anything. That would be the case for example, if you get a la
rge share of your income in Germany. So you do not automatically expect that do
not match a retirement in Tuscany or on Mallorca and a Riester pension.
3rd Riester contracts are funded only through allowances
Quite the contrary. In particular, high income couples with and without children
benefit more from the tax advantages, and not from supplements. A couple withou
t children with a taxable income of € 54,000 each in 2008 receives a grant of €
154 each, if it pays € 2,100 in the contract. In addition, there are still each
a tax bonus of 482 € for the deposit. With two children and incomes are the same
allowances total 678 € - and also puts the tax on it again € 594!
6th Riester funds are much too expensive!
For fund-based Riester-tender, it is not sponsored savings plans similar to reba
tes, which the sales charge is reduced. Just offer a highly profitable as the DW
S-Toprent by many providers with 50% discount offered to a sales charge - for ex
ample, finanzpartner.de, direktfonds24.de or netfonds.de.
4th Annuities are the best solution
Not necessarily. Stiftung Warentest has taken in the fall of 2007, the pension u
nder the microscope. In 2006, after the examination, even the best pension insur
er earned just 5.6% yield - based on the wealth that is left after deducting the
costs. And those costs eat away violently at the money you pay. 7, 8 or 9% cost
savings on the total performance are not unusual! Of course there are other for
ms of savings in the Riester-coat is not for nothing: Fund Savings Plans eating,
for example, up to nearly 5% of contributions and received benefits - but the b
est providers, according to Stiftung Warentest generate depending on age of the
Riester-saver, at inception to 14 % return - and the cost already considered!
2nd When I die, my money is lost
This is not right! In principle it is possible that the accumulated capital is p
aid to the heirs. This arrangement is possible with funds and bank savings plans
. In order for this inheritance is not at least among spouses rated as harmful u
se, must be the accumulated assets of the deceased spouse are transferred to a r
etirement agreement of the surviving spouse. Whether the spouse already has a co
ntract or take only a must, no matter the repayment of allowances and tax benefi
ts can be avoided in any case. When Riester pensions, the money from the contrac
t are not simply inherited. Here you have to complete the pension scheme so that
the
7th The Riester pension is taxed to 100%
In principle, flows the funded portion of the Riester pension age to be fully on
e in taxable income. However, many pensioners have to pay taxes now and in the f
uture - if any - only a very small percentage of their income. This allows coupl
es relate in age usually around 19,000 € income - and be legal and private pensi
ons deducted only in part. 2028 If you should go with your spouse in a pension a
nd get next to your state pension of € 1800 together have 500 € from a Riester p
ension, you will have to pay € 1,000 under the current law taxes a year. 100% do
es not mean that it is not worth the Riester-model! €
simplify money Topic: Riester-Rente 7
The provision for retirement
If the Riester pension is
... appear to many questions. Here the answers!
If you deposit today diligently in the Riester contract€They want the money, "to
morrow" enjoy in retirement, of course. The answers to the most important questi
ons about it here.
Riester
may be paid on a drop in retirement - so that the contract will be settled.
Otto Normalrentner at best a low tax burden of the Riester pension in old age, w
hereas today promoting some offers of financial support.
When will I receive my Riester pension?
The statutory scheme provides that you usually from the 60th relate age or at th
e start of a public pension Riester pension allowed. Is different only if the Ri
ester contract also includes a disability pension with - then can appropriate co
urse listings are paid in advance. Without disability, the pension before age 60
Birthday not to get - unless you cancel the contract and repay all allowances a
nd tax benefits.
How is it ensured that I get money for life?
Pension calculate this option is already one of contract, is for all other varia
nts at the beginning of the Riester pension phase, some of the saved money (up t
o 20%) in a pension scheme set, then the guaranteed pension for life.
Do I pay contributions for health insurance on the Riester Tente?
No, not according to current law. The example of direct, however, has shown how
quickly can change that. Before this event returns only with private insurance a
re immune because their premiums are generally not depend on income.
How much tax will I pay?
Basically, your Riester pension is fully involved in the calculation of taxable
income. However, this does not necessarily mean that the Riester pension is taxe
d really full. For, according to current law, you can collect as a pensioner ann
ually up to 11,000 € income completely tax free. The tax-free subsistence and so
me advantages make it possible. In addition, the state pension only in 2040 to 1
00% is taxed - until then remains a part of tax, currently at least 44%! The bot
tom line remains, especially for
Are the pensions pfändungssicher?
In the savings phase Riester pensions and other forms of screening are now mostl
y pfändungssicher. In the payout phase, however, may be seized pensions very wel
l, if the total income is above the seizure threshold.
How much pension throws off my contract?
It's hard to say today. Although annuities guarantee a sum X, which is very low,
because the insurer may designate only the guaranteed pension. The eventual pen
sion depends mainly on how much capital you have earned with your contract. For
out of this sum, the pension is paid. And the higher the sum X is, the higher th
e pension.
Do I have to note the age, the new flat tax?
No, because the pensions are fully taxed in any case, the flat tax is not for th
e interest earned and income Riester pensions. €
Can I cash out the accumulated money?
30% of the accumulated capital are payable at a stroke, may also be in the pensi
on phase, any interest due and expenses paid in one go. The remaining assets mus
t then be created but for the lifelong pension. An exception is made for small-v
alue pensions, less than 1% of the reference acc. § 18 SGB IV (currently represe
nting € 24.15 monthly): These pensions
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8 simplify money Topic: Riester-Rente