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Pension: contribution rate, entry age, taxes - this will change for retirees in 2022

2022-01-13T14:11:22.679Z


Pension: contribution rate, entry age, taxes - this will change for retirees in 2022 Created: 01/13/2022, 3:04 pm There will be some innovations for new retirees in 2022. © Imago At the turn of the year there are numerous innovations in pensions. What retirees need to know now. Munich - New year, new luck, new rules: Traditionally, many legal changes come into force in Germany on the first of


Pension: contribution rate, entry age, taxes - this will change for retirees in 2022

Created: 01/13/2022, 3:04 pm

There will be some innovations for new retirees in 2022.

© Imago

At the turn of the year there are numerous innovations in pensions.

What retirees need to know now.

Munich - New year, new luck, new rules: Traditionally, many legal changes come into force in Germany on the first of January.

For the year 2022, this also affects the pension: As the German pension insurance shows, there will be some changes in the coming year in terms of retirement age, pension contributions and additional earnings.

Retirement age: limit will be raised in 2022

The regular retirement age is rising again.

The age limit will be raised to 65 years and 11 months from January.

This increase mainly affects insured persons who were born in 1957 and will turn 65 in the coming year.

For contributors born after 1975, the starting age will continue to rise: by 2031, the age limit is to be raised to 67.

The retirement age also rises for the “pension from 63” for long-term insured persons who have been insured in a statutory pension scheme for at least 45 years.

As of January, this is 64 years and two months.

Insured persons can expect further increases here: The old-age pension for long-term insured persons is to be increased to 65 by 2029.

Pension 2022: Stable contribution rate, pension increases and higher additional earnings

Contributors and pension recipients can still breathe a sigh of relief: The pension contribution of 18.6 percent for employees remains.

There is a little more money for retirees: In July, pensions are expected to rise by 4.4 percent.

An increase of 5.2 percent in the west and 5.9 percent in the east was originally planned for 2022.

The reason for the small increase in pensions is the decision of the traffic light coalition to reintroduce the so-called catch-up factor.

Another change due to the corona pandemic is the higher additional earnings limit for early retirement pensions.

In 2022, the additional earnings limit will remain at 46,060 euros.

For 2020, due to the increased need for medical staff due to the Covid-19 pandemic, this was increased from 6300 euros to 44,590 euros in order to make it easier to return to work after retirement.

"The original additional income limit of 6300 euros per calendar year will probably apply again from 2023", informs the German pension insurance company.

Changes in the pension: new retirees have to pay more

There is another innovation with the income threshold.

In 2022, it is expected to drop from 100 to 7050 euros per month in the old federal states and to increase from 6700 to 6750 euros per month in the new federal states.

The assessment ceiling determines the maximum amount up to which earned income is taken into account when calculating the pension insurance contribution.

For new retirees, a higher tax portion will apply from January: From January 2022, the taxable pension portion will increase from 81 to 82 percent.

This means that only 18 percent of the first full gross annual pension remains tax-free.

For existing pensions, the fixed tax-free pension amount does not change.

(sf)

Source: merkur

All news articles on 2022-01-13

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