German Pensions Level 1: Public Pension & Rürup | High Tax Benefits for Your ETFs in Rürup Pension

Рет қаралды 6,420

Күн бұрын

Pensions Level 1 have the highest tax-benefits in Germany. 😱
And that's just one of many benefits of pensions level 1. But of course, there are also some disadvantages. Pensions level 1 definitely lack flexibility for example.
What are Pensions Level 1 exactly? 🤔
What are the benefits & downsides? 🤔
Who should get Pensions Level 1? 🤔
Axel will answer all of these questions and more in this video on Pensions Level 1.
Read the article on our website: perfinex.de/german-pensions-l...
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00:00 Intro
01:43 Pensions inside Pension Level 1
04:01 Advantages of Pensions Level 1
07:46 Disadvantages of Pensions Level 1
11:50 3 Scenarios: Who should get Pensions Level 1?
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Пікірлер: 26

@alirezarahmaty8781 2 жыл бұрын

Amazing content, Thank you very much!

@PerFinEx 2 жыл бұрын

Glad you liked our pension video!

@zubinshah7498 2 жыл бұрын

Hi Axel, you guys are making amazing and very helpful content for all the expats in Germany! Thank you so much for making such great content in English :). I've just been watching the German Finanz Channels for my investments and insurances and your Channel helps to Understand these complex things in a comfortable way in English. Keep up the good work!

@PerFinEx 2 жыл бұрын

Our pleasure. Thank you very much for watching!

@shiva5774 2 жыл бұрын

Dm via telegram 👆👆👆

@avineshbholah1131 3 жыл бұрын

Thank you for sharing this

@PerFinEx 3 жыл бұрын

Thank you for watching.

@erie8734 2 жыл бұрын

This was super helpful and well explain, thank you. Could you give some recommendations for good insurance companies?

@PerFinEx 2 жыл бұрын

Glad you liked our video. The best pension company always depends on the individual situation (age, savings amount, investment strategy, etc). Feel free to book a free meeting at perfinex.de/meeting and we will help you find the best pension company & best pension scheme for your personal situation.

@aabdullahiKH 2 жыл бұрын

Hi Alex! Great video! From my understanding, for public pension, government continues to pay you after retirement ( till the person dies), however for base pension your monthly pension would be based on what you have contributed and earned during the period, if your money finishes (what you contributed and earned), you are on your own, thats it :) the base pension would stop paying you! Thank you for your anticipated reply!

@PerFinEx 2 жыл бұрын

Both the German public pension and base pension will pay a lifelong pension. Even if you theoretically run out of money and life a long and prosperous life. 😊

@aabdullahiKH 2 жыл бұрын

@@PerFinEx Hi Axel, thank you very much for your response. But I guess this doesn't apply to Level 2 and 3 right? For those levels you earn based on what you contributed?

@PerFinEx 2 жыл бұрын

It's the same for all pension levels. A lifelong pension is a lifelong pension.

@facundoallemand8581 7 ай бұрын

Thanks so much for the explanation. I still have doubts: - Once I switch from public pension to Base pension 1, can I stop paying public pension? Edit: I read other comments and the answer is no. - Do base pensions have a minimum contribution? What if I work for 2 more years in Germany and then leave? Can I still contribute from abroad? - When I pay to a base pension. Is it money after taxes that I should send there? And later in a tax return I request them back?

@facundoallemand8581 7 ай бұрын

I saw the answer in a previous comment. Public pension is always mandatory. But I can add a base pension on it.

@PerFinEx 6 ай бұрын

Correct. 👍

@briankelly2050 3 жыл бұрын

Hi Axel. Are you suggesting that as an employee we can opt out of the mandatory public pension (18.6%) and instead choose the base pension? Or is the base pension to be considered in addition to the mandatory public pension? Many thx!

@PerFinEx 3 жыл бұрын

Great question and also great suggestion for the German government to allow employees to choose freely between public pension and base pension (hopefully Angela Merkel is reading your comment). Unfortunately, as of right now, public pension is mandatory for employees and any other pension will come additionally.

@giulio5654 2 жыл бұрын

@@PerFinEx I have read that with the Rürup I will not be able to receive additional subsidies. Does that mean that the contributions to public pension are lost?

@MaxMedina05 27 күн бұрын

Do you have any videos comparing different base pensions companies? You mentioned it around 11:33

@PerFinEx 27 күн бұрын

That‘s what we do with clients in meetings. You can book a free meeting here: perfinex.de/meeting

@chellyd.7977 3 жыл бұрын

in level 1, Q1. does every citizen have both public pension and base pension? Q2. or does the person have to apply for base pension?

@PerFinEx 3 жыл бұрын

Q1: Every employee is automatically enrolled in public pension (not every citizen). Non-employees can enroll voluntarily if they want to do so. But then again they can also burn their money. Both has about the same effect. Q2: Every pension other than public pension is a private contract, so yes you have to apply for that.