Contributions to an occupational disability insurance
(one of the most important forms of income protection in Germany) can usually not be deducted as expenses from your taxes
However, if you set up a Rurup pension plan where 49% of the contributions are used for supplementary insurance
, e.g. in the event of occupational disability or inability to work, the full monthly premium can be written off in your tax declaration
This is a very attractive form of tax savings
for all those who have understood that contributing to an income-protection plan is important for their financial planning and to protect their families, just like a life insurance can be. CR&Cie calculates individually in each case whether or not this has a tax and pension impact.
In Germany, high commissions usually accrue when you take out a basic pension. This will usually create a hefty financial disadvantage
for you if you are staying in Germany for a limited period of time. Or in any other cases as well, due to the loss of compound interest from the commission costs deducted from your investments in the first couple of years.
For this reason, we at CR&Cie can also arrange for basic pensions to be provided on request as so-called “Netto-Plan” where there are no inherent commission costs that diminish your savings. Instead you’ll pay a reasonable direct fee to CR&Cie, which is always far lower than the commission cost you’d otherwise incur.
Rürup pension contracts can also be used for QROPS transfers
if you want to transfer your British pension insurance policies to Germany. We are happy to help with this together with our British QROPS experts.