Once again a great contribution!
However, I still have a few comments and questions:
1. in my opinion, the 1% + 0.2% costs of the policy are not properly taken into account. The 1% fee on deposits must be deducted directly from the deposits and the 0.2% from the annual return. This has a different effect than the flat-rate deduction from the return at the end.
2. it is also not clear to me what the 50% and 13% charges on the policy for cash settlement are based on. Are they fixed or does the individual tax situation also have an impact?
However, I still have a few comments and questions:
1. in my opinion, the 1% + 0.2% costs of the policy are not properly taken into account. The 1% fee on deposits must be deducted directly from the deposits and the 0.2% from the annual return. This has a different effect than the flat-rate deduction from the return at the end.
2. it is also not clear to me what the 50% and 13% charges on the policy for cash settlement are based on. Are they fixed or does the individual tax situation also have an impact?
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2Mon
@randomdude Thank you!
Re 1: I deducted the 1% from the deposit amount. The compound interest effect is limited, probably less than 10€. I calculated the 0.2% costs by working out the difference between 7%pa and 6.8%pa. No flat rate.
Re 2: 50% on the contribution share, because the SSV contributions saved have to be repaid in full. There are sample calculations on the net. The 13% is the rounded up 12.75% tax on the payment of the earnings share/profits. The assumptions are given in the text, e.g. 30% personal marginal tax rate for pensioners. These parts can vary. The allowances and partial taxation should remain fairly fixed.
Incidentally, the greater legal certainty also speaks in favor of occupational pension plans because the tax conditions apply from the start of the contract (grandfathering). ETF savings plans are much more exposed to tax changes.
Re 1: I deducted the 1% from the deposit amount. The compound interest effect is limited, probably less than 10€. I calculated the 0.2% costs by working out the difference between 7%pa and 6.8%pa. No flat rate.
Re 2: 50% on the contribution share, because the SSV contributions saved have to be repaid in full. There are sample calculations on the net. The 13% is the rounded up 12.75% tax on the payment of the earnings share/profits. The assumptions are given in the text, e.g. 30% personal marginal tax rate for pensioners. These parts can vary. The allowances and partial taxation should remain fairly fixed.
Incidentally, the greater legal certainty also speaks in favor of occupational pension plans because the tax conditions apply from the start of the contract (grandfathering). ETF savings plans are much more exposed to tax changes.
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•@Epi All right, thanks for the clarification!
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