Epi First of all, thank you for your input. 👍🏻 ...I took this as an opportunity to take a look at my occupational pension contract with Allianz. I had concluded it in December 2004 before the tax reform. (with 20 percent flat-rate taxation by converting part of my Christmas bonus). After 20 years, I have paid in 16,000 euros. The surrender value is 15,900 euros. In recent years, the return has been around 3 percent before costs. So the performance of the product is subterranean. However, the contributions were paid out of my gross income - my income tax rate is 42 percent. This means I paid in a net premium of around 10,000 euros. A return of 59 percent over 20 years isn't exactly exhilarating and I think I'll have to pay health insurance premiums when I cash out. Ultimately, however, I'll probably let it continue to run unchanged. Or what do the experts think - should I cancel the contract or make it non-contributory? Thank you very much for your feedback. Best regards 🖖
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@Moneymoney You will only know your return (on the net amount paid in) when it is paid out. You'll probably have to pay around 50% in contributions and lose pension points, so you'll end up with around €8,000 (if you stop contributing today). The variant with expropriation and 3% guaranteed pension is even scarier.
I'm no expert, but my guess is that your net income is better off with the broker, despite the subsidy.
I'm no expert, but my guess is that your net income is better off with the broker, despite the subsidy.
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@Moneymoney then get the right information first and not on this platform with its pointless posts. A little tip: if you pay twenty percent flat-rate tax and pay it in annually from your Christmas bonus, you will NOT have to pay any tax or health insurance on it when it is paid out. Congratulations on the contract from the old days!
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@market_analyst_5 I don't like your aggressive tone. ...tax-free is clear - I didn't write anything to the contrary. As far as health insurance contributions are concerned, I'm pretty sure that they are levied. ...I wish you a relaxing weekend so that you can calm down a bit!
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