For whom is it worthwhile to voluntarily pay into the statutory pension insurance?

Created: 03/21/2022, 12:25 p.m

By: Janine Napirca

The best way to be financially secure is to have a good pension plan.

© Uwe Umstätter/Imago

Dealing with the topic of pensions is extremely important.

Read here to find out who makes voluntary contributions to the statutory pension insurance scheme worthwhile.

If you are not already compulsorily insured in the

, you can increase your pension by voluntarily paying into the statutory pension insurance, according to a report by the Stiftung Warentest.

However, this only applies in certain cases.

Find out here when it might be worthwhile for you to voluntarily pay into the statutory pension insurance and what the

are.

You can also read why you should check your pension account regularly.

Who may voluntarily pay into the statutory pension insurance?

According

to Stiftung Warentest , in

addition to the

-employed and

,

early

housewives

also

voluntarily

into

the statutory pension insurance system in order to increase their pension.

According to the report, even if you are compulsorily insured with the statutory pension insurance, as an

and voluntarily pay more into the statutory pension insurance.

If you are under the age of 45, additional payments for school, study and training periods are possible.

If you are already over 50 years old, according to Stiftung Warentest you can make compensation payments for an earlier start of your pension.

Dispute with the pension insurance?

You can get support either from the social association VdK – membership fee in Bavaria 6 euros/month (varies depending on the federal state)

or at the Social Association Germany (SoVD) – membership fee 6.90 euros/month

Statutory pension insurance: Take care of your old-age provision and get advice

According to the report, in order to build up a basic provision in the long term and to be able to manage all costs incurred in old age, there is the possibility of voluntarily paying into the statutory pension insurance.

But also if, shortly before retirement, you find out, for example, that your Rürup pension is lower than you had assumed.

Find out here how the future minimum wage of 12 euros will affect your pension.

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Retirement at 63: This is how high the deductions are for your year

Many workers have the opportunity to retire earlier, even as young as 63.

But many cohorts have to expect deductions from their pensions.

Retirement at 63: This is how high the deductions are for your year

However, Stiftung Warentest recommends that you do your research before you voluntarily pay into statutory pension insurance.

The

.

According to the report, if you want to invest a lot of money in your retirement provision, you can get advice from income tax assistance associations, tax advisors or independent pension advice.

What are the pros and cons of voluntary contributions to statutory pension insurance?

Source: Stiftung Warentest

Pay into the statutory pension insurance voluntarily: tax bonuses are particularly attractive for the self-employed

According to the calculations of the Stiftung Warentest, it is

.

According to the report, early retirees usually benefit less from the tax advantages if they voluntarily pay into the statutory pension insurance.

Stiftung Warentest advises you

before you voluntarily pay into the statutory pension insurance.

Because you mustn't forget that when you retire,

and, if applicable,

will be due on your pension .