Additional earnings limit for pensioners falls: What you need to know now

Created: 2022-12-15 05:16

By: Patricia Huber

From 2023, pensioners can look forward to a new regulation for additional income.

What will change for retirees and what should be considered.

Berlin – More and more pensioners work despite retirement.

The federal government also welcomes it when older people decide to work a little longer despite their pension.

After all, skilled workers are urgently needed in almost all areas.

For this reason, there will be an innovation in the additional earnings limit for pensioners in the future.

What will change in the additional income limit from January 1, 2023?

Retirees can then earn an unlimited amount of money on top of their pension.

In recent years, the amount of additional income has always been limited.

Those who earned more had to reckon with a reduction in their pension.

An annual limit of EUR 46,060 applied until December.

Does the abolition of the additional earnings limit apply to all pensioners?

Yes, all retirees can earn unlimited additional income in the future - regardless of the year in which they retire.

Is the new additional income limit limited?

No, it is permanent.

Can I just keep working as before despite retirement?

Yes.

With the new regulation, those who retire can simply continue to work as they did before retirement and do not have to fear a reduction in their pension payments.

Do I have to inform the German Pension Insurance (DRV) if I continue to work?

no

With the new regulation on the additional income limit, this will no longer be necessary from 2023.

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Do I still have to pay pension contributions?

They only have to continue to pay pension contributions if they receive an early retirement pension or disability pension.

If you have a mini-job, you can be exempted from compulsory pension insurance.

Our free pension newsletter provides you with all the relevant news on the subject on a regular basis.

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Do I have to inform my employer about my retirement?

Yes.

Anyone receiving a pension should inform their employer.

Retirement could have tax implications.