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Tag Archives: tax

January 26, 2024

Introduction: As we usher in the new year, Germany is gearing up for a series of groundbreaking changes set to reshape the lives of its residents and newcomers. From a revolutionary dual citizenship law to the introduction of the Opportunity Card for non-EU citizens, and significant amendments in social security, taxation, and family-related policies, 2024 promises to be a transformative year. Let’s delve into the key highlights that will make Germany an even more appealing destination and enhance the quality of life for its residents. Read More

January 26, 2024

As you approach retirement, ensuring financial security becomes a top priority. While the state pension scheme provides a basic income, many people choose to supplement it with private pension insurance. In this blog, we’ll delve into the details of private pension insurance in Germany, covering its structure, tax benefits, investment approach, and why it might be the right choice for you.

Understanding Private Pension Insurance in Germany

There are two main types of pension plans in Germany:

  • State pension insurance: Compulsory and deducted directly from your salary

  • Private pension plans: Voluntary, but highly recommended

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