Many false ideas are circulating around the statutory pension. Numerous people rely on this achievement in old age – nevertheless there are considerable gaps in knowledge.
The pension is paid automatically
A frequent error is the assumption that the statutory pension is automatically paid out when the retirement age is reached. In fact, a corresponding application must be submitted to the German pension insurance. It is recommended to submit the request about three months before the desired start of the pension to ensure punctual payment.
Pensions are tax -free
Many believe that pension payments are fundamentally tax -free. Since January 1, 2005, pensions have been subject to the so -called downstream taxation. The taxable share is based on the year of the pension and climbs gradually. If you retire in 2058 or later, you will generally have to fully tax your pension.
The term “pension with 63” is colloquially and describes the opportunity to retire prematurely. For long -term insured persons with at least 35 years of contributions, a premature start of pension from 63 years is possible, but with discounts. For many years, insured persons with at least 45 years of contributions can be retired from a certain age without discounts.
Only working hours count for the pension
Not only work hours, but also child -rearing times are taken into account when calculating the pension. For children who were born from 1992, children’s education time will be counted up to three years. These times increase pension claims.
The legal pension is sufficient to secure living standards
The legal pension alone is often not enough to secure the usual standard of living in old age. It is therefore recommended to also make privately or operational in order to avoid gaps in supply.
The full amount remains of the gross duck
The gross duck will deduct contributions to health and long-term care insurance and, if necessary, taxes. These deductions reduce the net amount of the pension.
The pension equalization in the event of divorce is final
In the event of a divorce, a pension compensation is made in which pension entitlements are divided between the spouses. Under certain circumstances, such as marriage, this compensation can be adjusted.
The survivor’s pension is always paid
Paying a survivor’s pension depends on various factors, such as age, duration of marriage and your own income of the bereaved. In addition, marriage to the widow’s or widower’s pension can lead to the remarriage.
Pension payments end with the day of death
If a person entitled to pension dies, the pension will continue to be paid by the end of the month. According to this, survivors can assert pension claims under certain conditions.
Pension payments abroad are possible
Pensions can also be transferred abroad. In the event of a permanent move to an EU country, Iceland, Liechtenstein, Norway or Switzerland, the full pension is paid. There may be restrictions when moving to other countries.
Pension adjustments are carried out automatically and evenly
Pension adjustments take place regularly, but not automatically or even. They depend on various factors, such as wage development and the financial situation of the pension insurance.
Children’s education periods are counted into both parents
In principle, only one parent is counted towards children’s education periods, usually the mother. An assignment to the other parent is only possible on request.
The legal pension is safe and unchangeable
The statutory pension is generally certain, but the amount and conditions can change over time, depending on political decisions and demographic developments.
Editor finance.net