The technical term for the Rürup pension is "basic pension". It was named after the financial expert Bert Rürup and will safeguard the sustainability of the compulsory social systems. The base pension is another by the state through tax relief funded form of private pension plans.
It was introduced under the Retirement Income Act that is to come 01.01.2005 force. Under this Act, the taxation of pensions and the exemption from contributions to statutory pension insurance and just settled for the basic pension. Of the citizens of his time was noticed rather the elimination of the tax-free withdrawals of capital from private life and pension insurance, which was driven by strong advertising industry in the media.
How does the basic pension? Who is it for? Here are the answers ...
It speaks of three layers of old age, which differ in their support of the amounts of savings and the taxation of benefit payments.
The layer 1 includes the contributions to and benefits from the statutory pension insurance, and contributions to and benefits from occupational pension schemes and basic pension. Their treatment is the subject of this post.
to layer 2 include Riester pension (see specific post) and the company pension (occupational pension schemes - see specific post). Anticipated: here are the contributions tax-free up to certain limits or promoted and the future benefits subject to taxation completely
to layer 3 includes all other forms of private provision (life and annuities, Fund savings plans, etc) subject to any promotion in the savings phase. The taxation of the age-related benefits from it are individually adjustable.
back to layer 1, which will occupy us here.
Consider first the implementation phase, which is easier to understand. In short, the year of retirement and to receive benefits is crucial (so-called pension cohorts). If the insured person in 2010 to retire, so is the taxable portion of his pension benefits from the German pension insurance and / or its basic pension at 62% ('62 retirement cohort). He refers for example a pension of 1,000, - € per month (12.000, - € per year), the subject of which 620, - € (7440, - € per year) of the tax. Whether it is now actually incurred a tax payment, depends on the total income of the insured. Insured in our example above, If unmarried and he received only the pension, he would remain exempt under current tax law.
The taxable proportion increases each year until retirement for age groups from 2040 and later increased to 100%. (100 pension cohort). In our example, it claimed that the entire 12,000 - € tax.
Now for the accumulation phase: allowed
The Retirement Income Act it only up to 20,000, - €: - invest in the layer 1 (married € up to 40,000), contributions to professional permanent supply works and statutory pension insurance will be credited here diminishing. In addition, the employee paid tax-free employer subsidy is taken into account.
From the amount actually paid a portion of the year shall be the direct payment of tax. The amount of the tax-reducing contribution rate depends on the year of payment and increases from year to year. In 2009, 68% taken into account, in 2010 there are 70% and the proportion rises further until it is fully taken into account in 2025 (100%).
Thus, it allows the insured Rüruprente his old age with some high tax to supplement funding. (Can not even Riester !) It is ideal for freelancers is also interesting for employees. The advantage of the special payments, it allows even extremely "income tips" to take on the progression. A typical approach is to take out a tax-financed Rürup pension for which the contributions calculated over the years are such that the sum of deposits and the Steuerrückflüße are balanced ( pension for free - see example below).
Now it is of course not be the case that the tax benefits from the savings phase in the later phase power must flow back to the treasury. That would only have been an exchange ... Reputable providers will charge you may, if it's worth actually a basic pension. Of course, this can be done only approximately, since the Ergenis very much on the tax rate for the age and the then current tax laws depends. The former is still considered very good, we can still meet for second only requires a statement. Since this "planning uncertainty" applies to any form of welfare, should this be any mistakes allowed here.
Now let's look at the considerations outlined above example of a 35-year-old, unmarried employees with 30,000, - € in annual income who wants to make his tax-financed pension Rürup full. This is clear from the graph below (the red areas above and below the zero line are "congruent"
Let's look at the table (only an excerpt from the years 2010 to 2025) to get even closer. Of the 972, - € (12 * 81, - €), which flow into the contract, be 461, - € (227, - € + 234, - €) disputed by tax returns. The funding rate is calculated as the ratio of tax refunds and net charge (461/511 = 90.3%). From the year 2025, the reimbursement is higher than the annual contribution.
Incidentally, the effect already starts for single persons with annual income of $ 22,000, - € (tax-financed amount: - per month € 42). In a Couple with one child, mother not working begins to promote already at an income of 25,000, - € (tax-funded review, however, only 17, - € monthly)
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