What are the state supplements the Riester pension?
To get the maximum allowances of Riester promotion, you must deposit at least four percent of your gross salary into your system Riester. If you spend less than four percent, the amount of the Riester promotion reduced proportionally. There is also a minimum contribution (base rate) from 60 € per year, you will need to make to the preservation of the Riester. You may pay a maximum of 2100 € per year. The amount of the grants were as follows:
From singles couples,each with its own Riester contract per child benefit child equal
2002 38 € 76 € 46 €
2004 76 € 152 € 92 €
2006 114 € 228 € 138 €
2008 154 € 308 € 185 € (300 € from 01.01.08 births)
2010 154 € 308 € 185 € (300 € from 01.01.08 births)
Who gets the promotion?
Basically everyone sign a contract for private pensions. A claim for public support through allowances and tax credits, however, only in the statutory pension insurance obligation insured workers
Officials
Government employees (VBL)
Career and short-soldiers
Trainees
not employed in the three years of parenting time
Military or civilian service
compulsorily insured self-employed (for example, midwives, nurses, courier driver)
time employees (up to 400 €), who have renounced social freedom
Recipients of early retirement benefits
Farmers who are compulsorily insured under the social protection of farmers
People who are completing a voluntary ecological or social year
Recipients of unemployment benefits or assistance
Recipients of sickness care, transitional allowance and maintenance allowance
Members spiritual cooperatives
disabled people who should be capable of earning capacity
Sea pilot
Artists and journalists, who are insured under the Social Security Act artist
The State allowances and tax benefits do not get Social Security program also employed spouses of members of these groups if they complete their own personal pension scheme - eg the spouse of a pensionable employee housewife with private Riester policy. Even a self-employed and professionals obtain the public support if the spouse is employed and insurance has its own Riester policy.
Not be funded so far:
Self-employed persons who are not compulsorily insured under the statutory pension insurance
Self-employed in professional care facilities (eg doctors, pharmacists, lawyers, architects)
Voluntarily in the statutory pension insurance
Time workers (up to 400 €), which take advantage of social freedom
Drawing a full pension
Retirees due to disability or incapacity, disability or incapacity
Recipients of social assistance
Students
Pension funding
Private pension provision is becoming increasingly important
If you wish to no longer rely on the state pension, you close your pension gap with a Riester or Rürup contract. They receive government support and a whopping monthly private pension guarantee for life.
Riester-Rente especially attractive to workers
As Riester savers pay contributions into a private pension contract, a bank savings plan or fund. The state promotes your Riester contract with high subsidies and tax exemptions. For each child there is an extra grant, the Riester pension is worth therefore particularly suitable for families.
Will I ever Riester?
Riester get workers and their spouses, pension insurance self-employed, civil servants, parents during the three-year parental leave, recipients of sickness or unemployment benefits as well as military and civilian service. The attractive promotion is the return of the Riester pension is often much higher than the rate of comparable investments.
Self care before the Rürup pension
The Rürup pension is a private pension with a high tax funding. It is particularly attractive for self-employed and professionals with their retirement savings have already take in their own hands. As the Riester pension, the Rürup pension operates on a funded basis: your contributions are saved, and interest paid as monthly pension to you later.
Important
If you ever need to apply for unemployment benefits, your assets may not exceed certain exempt amounts. Capital you have saved or Rürup Riester contracts will not be charged. You need to Riester Rürup contract or not to make so money before you can claim unemployment benefit II.
Who is eligible?
So far, only about one-fifth are in those who can get the state Riester, signed a contract - even though this special type of pension scheme is in principle to recommend to anyone. Funding that is next to (voluntary) pension law insured employees and officials, parents on parental leave, soldiers, civil servants and the unemployed.
Last year the state has a Riester contract grant paid 76 euros for each child in addition another 92 €. The basic allowance for 2006 is 114 € for each child, the state is now paying an additional € 138.
By the way: who is independent and take advantage of the Riester pension can not be on our side of the Rürup pension information as an alternative.
The funding amounts
The amounts of funding grants, with which the state rewarded Riester savers rise in a year by a total subsidy of a maximum of 76 € in 2005 to 154 € in 2008.
Anyone taking out a bank savings plan, can expect the government support depending on income, duration of contracts and grants, returns of seven to nine percent. Even with a capable riester life insurance such returns can be achieved if the collective right. Consumer advocates recommend life insurance for savers, who are 40 years old. Younger investors should inform themselves about the high-yield fund savings plans.
Incidentally, savers can withdraw the money earlier than the age of 60.
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