## Archive for April, 2014

### Riester Pension

So easy you can calculate, how much you can save each year for your Riester pension the Riester pension for many people is still a book with seven seals. Very often, this is simply because that many have no idea how to actually calculate is the contribution and the amount of the allowances for the Riester pension. This problem can be solved relatively easily, because as hard as you would think maybe, the calculation of the allowances and the contribution of the Riester pension really isn’t. Riester pension: Height of the supplements first of all you need to know that any person who completes a Riester pension, can get the following supplements: A basic allowance of the Riester pension amounting to 154 euros per year a child allowance for each child, that prior to 2008 was born in an allowance for every child in height of 185 euro per year, that after 2008 was born in amount of 300 euros per year for professional Starter up to the age of 25 a starter grant in the amount of unique 300 euro. The amount of this the Riester pension the highest possible degree of equality is maintained, are not only the benefits but also the calculation model of the contribution for all Riester savers right – no matter how much you earn. To get above that promotions in the maximum amount, it is necessary to pay his Riester pension with 4% of its social insurance contributions prior year gross income in the contract. Earners must pay annually a maximum of 2,100 euros in their Riester pension, to get to enjoy of the full support.

The allowances to be expected are allowed but already of this post when calculating deduction. Example: suppose the simple calculation, a single mother earns 3,000 euros gross and has two children: one born before 2008, then the other. So 154 euro (basic allowance) and 185/300 Euro exceed the allowance, which can get this mother, child allowances. Total 639 EUR of annual allowances available to the sample person so. The contribution would be actually with a height of 4% of 3,000 to quote, since the allowances but are allowed in print, at 120 euros per month are only 66,75 (120-639/12). Saved 120 so, the burden for the policyholder only 66,75 euros. In people with high income and thus connected a high tax burden the possibility is also when calculating the dues from the tax. If this a higher tax benefit would be as the amount of the allowance, the difference will be reimbursed in addition about the payroll tax.