German Pensions Level 2: Riester & Company Pension | Tax Benefits & Government Bonuses with Riester

Рет қаралды 4,299

Күн бұрын

Pensions Level 2 offer A LOT of free money for families in form of tax benefits & government bonuses. 👨‍👩‍👧‍👦
And that's just one of many benefits of pensions level 2. But of course, there are also some disadvantages of the Riester pension & the company pension (bAV in German).
What are Pensions Level 2 exactly? 🤔
What are the benefits & downsides? 🤔
Who should get Pensions Level 2? 🤔
Axel will answer all of these questions and more in this video on Pensions Level 2.
Read the article on our website: perfinex.de/german-pensions-l...
Videos Axel mentioned:
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Taxes in Germany Explained | Income Tax, Tax Classes, Church Tax, Solidarity Tax
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00:00 Intro
02:06 Pensions inside Pension Level 2
03:47 Advantages of Pensions Level 2
05:56 Disadvantages of Pensions Level 2
10:31 3 Scenarios: Who should get Pensions Level 2?
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Пікірлер: 36

@suehirogaribright 3 жыл бұрын

We want company pension video!! And will you talk about Rürup at some point too? I love your content.

@PerFinEx 3 жыл бұрын

Thank you so much. We'll prepare a company pension video. Rürup video can be found here: kzfaq.info/get/bejne/Z9mpq8xhprqsfn0.html

@suehirogaribright 3 жыл бұрын

@@PerFinEx Oh I didn't realize basic pension = Rürup! Thank you!

@rebeccatrinh1351 2 жыл бұрын

Agreed, would love to see a video on this

@PerFinEx 2 жыл бұрын

Please find our "Company Pension in Germany" video here: kzfaq.info/get/bejne/g8iBlsabtMvFe6c.html

@evawero397 Жыл бұрын

Honestly...I see a lot of your video titles in my recomendations, and Ill just youve earned yourself a subscriber ;) well done!

@PerFinEx Жыл бұрын

Thank you very much! Glad you like our videos.

@syednaveedabbasrizvi110 5 ай бұрын

please do video on company pension

@PerFinEx 5 ай бұрын

You can watch our video about company pensions here: kzfaq.info/get/bejne/g8iBlsabtMvFe6c.html

@boldorider4 11 ай бұрын

Great explanation, but between level 1 and 2, to which one do betriebliche Altersvorsorge belong? Because some aspects sound like level 2, others like level 2.

@PerFinEx 11 ай бұрын

Company pension (betriebliche Altersvorsorge) is level 2 of the German pension system.

@shanecook9653 3 жыл бұрын

Would be good to cover freelancers and those who own companies setting up this for employees.

@PerFinEx 3 жыл бұрын

Great idea!

@karanchopras 3 жыл бұрын

Can you please make video on Company pension - type Direct insurance?

@PerFinEx 3 жыл бұрын

Sure. Video on all 5 types of company pension is planned. 👍

@abhisheksamanta1 2 жыл бұрын

@@PerFinEx We are still waiting for this.

@YasirMTurk 2 жыл бұрын

@PerFinEx 2 жыл бұрын

Please find our "Company Pension in Germany" video here: kzfaq.info/get/bejne/g8iBlsabtMvFe6c.html

@martaavina Жыл бұрын

Hi Alex, I have a Versorgungswerk - Rente versicheung from Architektenkammer, I took it because it seems better that the normal one, want to increase my monthly payment, but maybe it would be better to get a Riester. Then my questions: 1. is the Versorgungswerk - Rente versicheung actually better than the average one? 2. should I invest more on it, or should I go for a Riester?

@vincent988923 2 жыл бұрын

Hello, my company has the BVV pension scheme, basically I contribute 1/3 and the company contributes 2/3. Is this part of the 5 pension schemes? do you recommend it? thanks

@PerFinEx 2 жыл бұрын

The video on all things company pension in Germany will be released next week. In the video you will find a lot of tips around German company pensions: kzfaq.info/get/bejne/g8iBlsabtMvFe6c.html If the BVV company pension is good, depends also on your financial situation and the goals you have with your company pension.

@Shubh22 3 жыл бұрын

If someone moves out of EU, do they also have to pay back the tax benefits (as upto 2100 euro Riester contribution is tax deductible )?

@PerFinEx 3 жыл бұрын

It depends if you kill your Riester contract before you reach retirement age. If yes, you have to pay the tax benefits back.

@Shubh22 3 жыл бұрын

@@PerFinEx Thanks for the reply. I meant to ask what happens if I move back to India sometime after retirement, e.g., after reaching age of 70 years?

@PerFinEx 3 жыл бұрын

Since the German government is supporting you in contribution phase, you have to pay some form of tax/social security when you leave the EU in retirement.

@slavkomag Жыл бұрын

Hi Alex, first of all: I love your content 🙂Second: I'm confused about this guaranteed part, so would I be able to invest in ETFs or not? First you said its a plus of the Riester because ETFs and mutual funds are possible, then you said that what's guaranteed isn't for free and comes with lower rate of return. So how is it? Can I choose if I want ETFs or the guaranteed 0%, or are there some limits for this? 😕

@slavkomag Жыл бұрын

You mention the "guaranteed portion of your savings". How big is this portion? Is it mandatory?

@PerFinEx Жыл бұрын

Yes, there are some limits. Some guaranteed portion is mandatory, the other part can be invested in ETFs. The exact percentage depends on the Riester provider and the exact Riester plan. We can help you find the best Riester plan for whatever you have planned here: perfinex.de/meeting

@abhisheksamanta1 2 жыл бұрын

Hi Alex, I have few questions on Riester: 1. is it possible to 'pause' Riester, i.e. not contribute? Or will it be considered as killing the Riester? 2. Is it possible to temporarily move out of EU (say, a temporary assignment in the US) and continue the Riester? 3. Is it possible to move to another country in the EU without killing the Riester? 4. If I retire outside Germany (but in EU), how the return would be taxed? According to the tax rate of that country or according to German tax law?

@PerFinEx 2 жыл бұрын

1. Pausing and cancelling Riester are two different things. 2. Depends how long you leave. 3. Yes. 4. International taxes is a difficult topic. Feel free to reach out & we will connect you with a good tax advisor.

@evawero397 Жыл бұрын

Hello this is an amazing video!! I just have some questions....1) can I choose not to take the benefits since im sure, I would not be living in Germany till I die? 2)I i am opting for not guaranteed contributions, can I choose the etf or mutual funds i want to invest in, or is that the job of the pension company.....so deeper into the question, does the pension company determine how i manage my investments? how do I start, online or, I speak to my employer......Thanks again for the information

@PerFinEx Жыл бұрын

1. Yes. Taking the benefits for now is probably still the better option. 2. It depends on the exact pension scheme. With the good schemes you can choose the investments yourself.

@nyambats 2 жыл бұрын

Can you have more that one pension plan?

@PerFinEx 2 жыл бұрын

Sure. You can combine German pensions in any way that you like.

@rocksneha059 3 ай бұрын

a feedback that seriously affects your viewers: The 'channel logo for subcribing' comes frequently with a sound which is a DISTRACTION for real. Instead, please keep it silent, and allow it run in header or footer. Also limit its appearance to beginning or end of the video please. Its abrupt and frequent apprearance makes your viewers lose attention to what you are saying.