Riester allowances and occupational pension: innovations from 1 January 2018

Sunday, 31.12.17 , written by Julia Meier Whether adjustments to the disability pension, new regulations on occupational pensions or allowances for the Riester pension – The New Year brings some significant changes to consumers. For example, as of January 2018, some of them will have slightly more money in their wallets as they spend less on their statutory health insurance. >

Krankenkasse, Riester-Zulagen und Co - 2018 bringt viele Neuerungen From January 2018, consumers will face many legal adjustments

  • The company pension plan will receive more support from 2018 and will be more attractive, especially for low-paid workers.

  • Holders of a Rürup pension can deduct a new maximum amount for tax purposes.

  • The average additional contribution for statutory health insurance drops by 0.1 percent.

From January 2018, consumers will be faced with many different innovations and legal adjustments. These include, among other things, the change in tax-deductible contributions to the Rürup pension or the adjustment to the disability pension . But even with the statutory and private health insurance, there will be interesting novelties next year.

Better occupational pensions from January 2018: allowances for low-paid workers

At present, about 60 percent of all German employees have company pension plans. With the changes that will take effect from January 2018, the company pension for employees and employers will become even more attractive. In order to achieve this, the state promotes future bosses who participate in the company pension of low-income earners with an income of up to 2,200 euros gross a month. If employers give up to € 480 a year, they receive a subsidy from the state in the form of a tax concession.

In addition, the so-called “double contribution” for occupational pensions linked to a Riester pension is eliminated. Pensioners no longer have to pay the full contribution rate for the statutory health and long-term care insurance from the company pension.

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Innovations for holders of a Riester or basic pension from January 2018

With the Riester pension beckons starting from January an increase of the state promotion . The basic supplement increases from 154 euros to 175 euros per year. To receive the entire subsidy, savers must continue to contribute at least four percent of the previous year’s income in the Riester contract minus the allowances.

Holders of a Rürup pension can deduct a large part of their contributions as special expenses at the beginning of the year. The tax office takes into account a maximum of 86 percent of the contributions paid up to a maximum of 20,392 euros.

New allowance for basic security in old age

The changes in the occupational pension also make the Riester pension more attractive to low-paid workers . The amount of the basic allowance is divided into two steps. Anything below an amount of 100 euros is not taken into account when calculating the basic pension in old age. If income exceeds this limit, then 30 percent of the amount above the threshold remains free of charge.

An example: For monthly income from the Riester pension of 150 euros, 115 euros (100 euros plus 30 percent of 50 euros) would not count towards the basic security. However, those affected should make sure that the total allowance in 2018 does not exceed the limit of € 208 .

New calculation for the disability pension

If it comes to a serious illness or an accident, it is possible that employees can not work as usual. The disability pension provides financial support to those who leave the labor market early. From January 1, 2018, the length of the compensation for the reduction in earning capacity for new retirees will increase from the age of 62 to 65 . The approximation does not happen at once, but will be gradually implemented by 2025. For people who apply for a disability pension in 2018, this means that they have a fictitious working life up to the age of 62 and three months .

In 2016, the average monthly disability pension was 697 euros. This amount can not cover the resulting income gap in most cases. For this reason, employees should provide on time, for example, with a disability insurance.

Annual payment limit for the transfer to private health insurance increases in 2018

With the new year, the average additional contribution for statutory health insurance will be adjusted. This was 1.1 percent in the last two years. As of January 2018, it will now be lowered by 0.1 percentage points . However, the health insurance funds may define their contribution individually. Many funds have therefore decided to keep their contribution stable. Only a few will be cheaper for insured. Nevertheless, this offers a good opportunity for insured persons to catch up with various offers at the turn of the year and to compare it with that of their own health insurance.

Also for the private health insurance new guidelines apply. As of 1 January 2018, the annual compulsory insurance liability for statutory health insurance will rise to 59,400 euros. That’s 1,800 euros more than before . A change in private health insurance is thus made more difficult for employees. Because they must now earn more than 4,950 euros gross a month to be privately insured.

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More services for people with dementia and the mentally handicapped from January 2013

Tuesday, 01.01.13 , written by Cornelia Teich From 2013 on, dementia patients and people with mental or psychological disabilities can receive benefits from the statutory long-term care insurance even without a care level. Who wants to take the care allowance and the care benefits, but must submit in good time an application to the nursing care. 

With the care reorientation law, the federal government wants to improve the position of people with dementia and mental or physical disabilities from 2013 onwards. For the first time in the future, insured persons should also be entitled to benefits from the statutory long-term care insurance, which are assigned to care level 0. For care levels I and II, the previous benefits are improved.

Services at care level 0

Dementia sufferers, mentally and psychologically handicapped in the so-called care level 0 can then receive care allowance and care benefits, if they have a significantly limited daily life skills. Those affected should receive a monthly care allowance of 120 euros or care benefits of up to 225 euros and may also take a replacement care for up to 1,550 euros per year. To ensure that their apartment can be converted barrier-free, the care fund also grants them a subsidy of up to 2,557 euros.

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More services in care level I and care level II

Even people in care level I or care level II, in which there is a significant limitation of everyday life, will receive more money from the statutory long-term care insurance from 2013. Especially for people with dementia, care allowance will therefore be higher in the future than previously. In care level I, the care allowance for those affected now increases by 70 euros to 305 euros, in care level II there is a care allowance of 525 euros, which is 85 euros higher. The nursing salaries can also increase: in care level I by 215 euros up to 665 euros and in nursing level II by 150 euros up to 1,250 euros. Only with the services in the care level III there are no changes due to the care reorientation law.

Apply for care allowance and care benefits

Those affected will not receive the new benefits provided by the long-term care funds from 2013 onwards: they must first apply to the long-term care insurance. Subsequently, the medical service of the health insurance companies (MDK) examines whether the claimant actually has a significant restriction of everyday abilities. Important here: Only after the application has been received by the nursing care fund, the benefits can be granted at all. Even those in need of care, who already have a nursing degree, should therefore take care of a new assessment quickly. If you have questions, you can contact the care provider.

Here you will find tips and more information on private nursing care insurance. >

Cornelia pond

editorial staff

 

 

Legal expenses insurance: protect against now rising legal fees

Friday, 02.08.13 , written by Christian Hafler A legal protection insurance is now more important for the Germans. Because since 1 August 2013, the court and attorney fees have increased. Who wants to enforce his right in court, must now pay more money for the legal costs. With legal expenses  Rechtsschutzversicherung: Jetzt vor steigenden Anwaltskosten und Gerichtskosten schützen

Legal expenses insurance: protect against legal costs

A legal expenses insurance has completed according to GDV one in four Germans. However, it can be assumed that more people are opting for this insurance now. Because since August 1, 2013, a new cost law applies. The lawyer fees and court fees increase significantly. Depending on the area, the German Insurance Association (GDV) assumes an increase of more than 20 percent. It is all the more sensible to think about legal expenses insurance now. It takes over the litigation and legal fees in litigation. There are good offers according to the financial test at DAS, HDI Direkt and HDI-Gerling.

Legal expenses insurance: well secured in litigation

Whether private legal protection, traffic rights protection, professional rights protection or tenancy protection – a legal expenses insurance takes over the costs incurred for court, lawyer and Co. How important the insurance has become since August 1, 2013, shows a recent example calculation of the GDV: A dismissal protection action can now up to Cost 1,000 euros more. The corresponding legal fees and court costs add up to around 5,700 euros. In view of this sum, it is not surprising that about two-thirds of the Germans, for fear of the costs in the litigation, waive a lawsuit. This emerges from a recent forsa survey. But good law should not be a matter of money.

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Finanztest tests legal expenses insurance

Stiftung Warentest comes to the conclusion: “With a legal protection insurance under the pillow many people sleep quietly.” The legal insurance insurance test of the magazine Finanztest, the offers of DAS, HDI-Direkt and HDI-Gerling performed best. Due to the high performance, however, tariffs cost up to 403 euros per year. Good offers with slightly lower benefits are already available for 100 euros less. Who wants to arrange only a traffic rights protection or a tenancy protection, needs less than 100 euros per year to spend his legal expenses insurance. When it comes to the question of which protection makes sense individually, advising a specialist on legal expenses insurance can help. Read the results of the legal expenses insurance tests.

Legal expenses insurance: Lower premiums with deductible

Finanztest advises to conclude a legal expenses insurance with a deductible of 150 euros. In this way, consumers can reduce their contribution. Insured must pay so 150 euros of the costs incurred in the lawsuit itself. However, the magazine points out that some insurers renounce the initial consultation with the lawyer. In addition, in recent years, the deductible is waived in some cases when insured go to a lawyer proposed by the insurance.

Legal expenses insurance test 2013: Many good offers

From the legal protection insurance analysis of Morgen & Morgen from the year 2013, the Legal Protection Union emerges as the test winner. Also Arag, WGV, Allrecht, DMB and Debeka offer recommendable offers. The two test results from Finanztest and Morgen & Morgen show that, depending on the test criterion, there are different legal protection insurance test winners. Consumers should not just rely on an investigation, but compare the results. Which tariff is most suitable for them individually must be weighed by consumers themselves. A legal expenses insurance comparison computer helps them.

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# Baukindergeld will not change the housing shortage in the cities # Question of the week: What comes with the new travel law on vacationers? # Termination of employment contracts: “Swiss Post’s procedure is unsocial” 05/31/2018 Baukindergeld will not change the housing shortage in the cities 05/30/2018 ARD plus minus: health insurance contribution for many self-employed too high 05/29/2018 What financial protection do students have when they are disabled? 05/28/2018 Rürup, Riester and Co .: Which private retirement provision makes sense? 05/25/2018 Question of the week: What comes with the new travel law on vacationers?

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