Questions about money
Too little pension for parenting?
It is always said, parenting is not sufficiently rewarded by the pension insurance. Is that true?
I do not think so. For children born in 1992, there are three years compulsory contributions for child rearing, for one year born until 1991. During this time, the parent is placed as if he had paid the compulsory contributions of an average earner. The pension benefit for one year of child rearing amounts since July 2008 in the old federal states 26,56 euro monthly, in the new 23,34 euro. In addition, the education period up to the age of ten of the child is taken into account; This can also have a positive effect on a widow's pension. If one fully exploits all the benefits, a maximum pension entitlement of currently 141 euros per month would result in the old federal states for a child born from January 1992, and of 124 euros per month in the new one. To acquire such an entitlement, some 31,700 EU citizens would have to be paid in the old federal states, and 26,800 euros in the new ones. This corresponds to the own contributions of an average earner over the course of about ten years.
Bank sale - and then?
Again and again it is reported in newspapers or on television that a bank is sold. What risks arise for the customers if the sale threatens their bank?
You do not have to worry. The content of existing credit, savings and other contracts does not change with a sale of the credit institution (or even of individual lines of business of a credit institution). Existing contractual relationships remain unaffected.
Insurance despite illness?
Twelve years ago, I took out endowment insurance with a direct provider, which includes a supplementary occupational disability insurance (BUZ). The contract expires now. I think it was a mistake to choose such a short term, but I did not seek advice then and I was not aware of the consequences. I am now 49 years old and not as healthy as I used to be. Can I still take out a new occupational disability insurance?
It depends on what kind of your health impairment is. You must expect that the insurance company accepts your application only with a power exclusion. That is, if you become disabled due to the previous illness, there is no BU pension. Or you have to pay a risk premium. If the illness is more severe, you may no longer receive occupational disability insurance. Questions like yours are always an occasion to point out the importance of counseling in wealth planning and hedging. For direct insurance companies and banks (which usually do not offer advice), those find a cheap way to insure or invest money that is very knowledgeable and able to ignore the risks and consequences of a decision in the longer term. At least half of the population is not. The offers are now so varied, and for laymen often not to see through. That's why I always argue in favor of having qualified and independent advice, even if it costs something!
What consequences does a self-report with the tax office have?
I would like to know how it works with a self-report for securities in Liechtenstein, of which the tax office knows nothing. What do you have to do and what are the consequences?
In Germany applies: Who in the case of tax evasion itself displays remains impunity. Of course, the evaded taxes must be repaid, including interest on arrears. Important: The self-report must be made before any criminal proceedings are initiated. The addressee of the self-report is the tax office. The self-report must be reimbursed in person. This can be done by fax, e-mail, letter or telephone.
Riester with fund savings plan?
I am 39 years old and would now like to conclude a Riester contract. But I already pay 200 euros a month in a fund savings plan and otherwise have no money left. Could I convert this fund savings plan to a Riester contract?
No, unfortunately that will not work. Riester contracts can only be concluded with products developed and approved for them. Riester contracts must meet certain criteria. This implies that the paid-in capital is guaranteed and the subsequent payment is made as a pension. If you are "eligible", that is, employed or civil servants, parental leave or income-related benefits (eg unemployment benefit), you should opt out of the "normal" fund savings plan and enter into a Riester contract. They receive the government allowances and, with the corresponding income, also have a tax advantage. So all around a really rewarding savings contract.
Withholding tax also for inherited stock portfolios?
What about the withholding tax if someone inherits a fund and fund account after January 1, 2009? Does the heirs have to pay taxes because it is treated like a new acquisition?
No. An inheritance of funds or shares purchased before 2009 is not considered a new acquisition. After a holding period of one year, the heirs can collect any capital gains from these securities free of withholding tax. It is different with fixed-income securities. For those, the interest must be taxed if they are above the allowance of 801 euros (married couples: 1602 euros). This year is still taxed with the personal tax rate. As of 2009, the withholding tax will be due on interest at 25 percent plus solos plus church tax.
Helma Sick advises women in money matters for more than 20 years. The questions answered here are from her professional life. More information at www.frau-and-money-com
