Important for mini-jobbers: That's how much money a 450-euro job brings in for retirement

Created: 06/20/2022, 10:09 am

By: Anne Hund

With a mini-job, you should also think about your pension.

© Monika Skolimowska/dpa-Zentralbild/dpa

The time in the mini-job is later counted towards the minimum insurance period for a pension.

Find out here what is important.

450-euro jobs are in demand, but one should not forget the pension.

So much in advance:

Mini-jobbers can apply to their employer for exemption from compulsory insurance.

This is then binding until the end of the employment relationship.

However, this step is not recommended in many cases - after all, mini-

also pay for old age.

The time in the mini-job is later counted towards the minimum insurance period for a pension.

Retirement provision: 450-euro job also counts for pension

In principle, mini-jobs have been subject to compulsory insurance in the statutory pension

since 2013 .

In concrete terms, this means: With an

, that is

, as the German Pension Insurance Association explained in a report by the German Press Agency (as of March 2021).

The

bears the majority of this amount at 15 percent.

As a mini-jobber, you usually pay an additional 3.6 percent of your salary into the pension insurance system, the report said.

The advantage is that the

-job  is later counted towards the

, as dpa wrote.

This applies to the

as well as to a possible

and a

's pension .

Apart from that, the contribution period also counts for

: "Anyone who has paid compulsory contributions into the pension fund for at least six months in the last two years can apply for rehabilitation through the pension insurance system," wrote dpa.

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Parents with a 450-euro job: is it worth paying contributions?

According to the pension insurance, paying contributions is particularly worthwhile for parents with a mini

-job : Between the child’s third and tenth birthday – the “child consideration period” – their contributions would be increased by up to 50 percent when calculating the pension, according to the report.

For the pension, the job on a 450-euro basis counts as much as if it had brought in up to 675 euros a month.

And

should also know that: According to today's values, the later old-

increases by

by 6.67 euros per month.

According to dpa, that's 80.04 euros a year and thus 37.08 euros more than if you didn't pay in yourself.

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Mini-jobbers also benefit from the Riester pension

What about the

?

Here, too, mini-

would benefit if they paid into the

, according to the council.

"Due to their low income, they only need to pay a small personal contribution to the Riester pension here," wrote dpa.

This is particularly favorable for mothers and fathers, since they also receive child allowances in addition to the basic state allowance.

And what does it mean for

if they work a

after the regular retirement age and pay their own contributions?

According to the report, the calculation goes like this: With a monthly income of 450 euros and a contribution payment of 16.20 euros, the pension increases by around 5 euros after one year.

Mini-job limit will increase in 2022: When will the new earnings limit apply?

There will also be an important change for mini-jobbers this year.

From October 2022, the statutory minimum wage will be raised to 12 euros.

As far as the later pension is concerned, not all those affected benefit equally, as a calculation by the Federal Association of Pension Advisors makes clear.

So far, you can earn up to 450 euros a month with a mini job.

A study shows what this can mean for the number of hours depending on the average salary