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.
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.
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?
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.
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.
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
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: th-cam.com/video/MbQccjOeaKs/w-d-xo.html If the BVV company pension is good, depends also on your financial situation and the goals you have with your company pension.
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?
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? 😕
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
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
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.
We want company pension video!! And will you talk about Rürup at some point too? I love your content.
Thank you so much. We'll prepare a company pension video. Rürup video can be found here: th-cam.com/video/1syxi0ATHNI/w-d-xo.html
@@PerFinEx Oh I didn't realize basic pension = Rürup! Thank you!
Agreed, would love to see a video on this
Please find our "Company Pension in Germany" video here: th-cam.com/video/MbQccjOeaKs/w-d-xo.html
Honestly...I see a lot of your video titles in my recomendations, and Ill just youve earned yourself a subscriber ;) well done!
Thank you very much! Glad you like our videos.
Would be good to cover freelancers and those who own companies setting up this for employees.
Great idea!
please do video on company pension
You can watch our video about company pensions here: th-cam.com/video/MbQccjOeaKs/w-d-xo.html
Can you please make video on Company pension - type Direct insurance?
Sure. Video on all 5 types of company pension is planned. 👍
@@PerFinEx We are still waiting for this.
+1
Please find our "Company Pension in Germany" video here: th-cam.com/video/MbQccjOeaKs/w-d-xo.html
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.
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 )?
It depends if you kill your Riester contract before you reach retirement age. If yes, you have to pay the tax benefits back.
@@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?
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.
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?
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.
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.
Company pension (betriebliche Altersvorsorge) is level 2 of the German pension system.
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
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: th-cam.com/video/MbQccjOeaKs/w-d-xo.html
If the BVV company pension is good, depends also on your financial situation and the goals you have with your company pension.
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?
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? 😕
You mention the "guaranteed portion of your savings". How big is this portion? Is it mandatory?
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
Can you have more that one pension plan?
Sure. You can combine German pensions in any way that you like.
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
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.