As of: March 1, 2024, 12:30 p.m
By: Carina Blumenroth
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Press
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Something is always changing for people in Germany.
What you have to prepare for in the financial area from March.
New laws are regularly introduced or changes are expiring and are thus noticeable in consumers' everyday lives.
This can put a strain on your wallet, among other things.
You can find out what changes will come your way from March 2024 in our overview.
Changes in March: Less pension due to increased health insurance contributions
From March some changes will take effect again.
© Bianco Blue/Pond5/Imago
Many insured people have been paying more health insurance membership fees since the beginning of the year.
This affects pensions.
Many pensioners will receive less net pension from March, reports the
Northern Bavaria
portal .
The reason for this are legal requirements that apply to both reductions and increases for pensioners, informs the
German Pension Insurance
.
Pensioners receive information about the reduction through their bank statement; notices are only sent out in a few exceptional cases.
For example, if the pension is paid out to another person's account, according to the
German Pension Insurance.
A pension increase is expected later in the year, but exact figures are currently still estimates.
The new pension values are to be announced on July 1st.
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Measure will expire - VAT for gas and heat will return to the old value
As a relief due to increased energy costs as a result of Russia's war of aggression on Ukraine, the VAT for gas and heat was reduced from 19 to 7 percent.
This measure is expected to expire at the end of March.
The end of the measure was actually planned for the end of February; this was recorded as part of the Growth Opportunities Act.
However, the law is currently pending in the mediation committee of the Bundesrat and Bundestag,
Nordbayern.de
informs .
Apart from this, 89 basic suppliers are to increase the labor price for gas or electricity on March 1st, with more to follow in the next few months,
Focus.de informs.
From March: Public sector employees will receive more money
Anyone who works in the public service for the federal or local government will receive more money from March 1st.
All salary groups should receive around 200 euros more gross.
After that, the table fees will be increased by 5.5 percent,
ZDF informs today
.
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Culture pass for people who will turn 18 in 2024
The culture pass for young people is valid again.
Anyone who turns 18 this year will be able to identify themselves via the app from March and unlock a 100 euro culture pass budget.
The money can be used for books, cinema, concerts, museums or festivals and is available from your birthday.