Private Pension
Insurance Germany
From 50/month
Geprüft Retirement Planning • Riester, Rürup & Private Plans • Tax advantages • Secure your golden years with expert guidance
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Find the perfect retirement plan for your golden years
Compare Riester, Rürup, and private pension plans from Germany's top insurers. Our calculator finds the best retirement solution for your needs and budget.
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Geprüft German Pension System Overview
🏛️ German 3-Pillar Pension System
1st Pillar
Statutory Pension
- • Covers 45-50% of income
- • Mandatory for employees
- • Pay-as-you-go system
- • Inflation adjustments
2nd Pillar
Company Pension
- • Employer-sponsored plans
- • Tax-advantaged savings
- • Employer contributions
- • 10-20% additional income
3rd Pillar
Private Pension
- • Individual retirement savings
- • Riester, Rürup, Private
- • Close the pension gap
- • Tax benefits available
Riester Pension
State-subsidized retirement
✅ Benefits:
- • Government subsidies up to €175
- • Child bonuses €300 each
- • Tax deductions possible
- • Inheritance rights
❌ Drawbacks:
- • Complex regulations
- • Limited flexibility
- • Full taxation in retirement
Rürup Pension
Tax-deductible pension
✅ Benefits:
- • High tax deductions (up to €25,787)
- • Perfect for self-employed
- • Creditor protection
- • No income limits
❌ Drawbacks:
- • No inheritance possible
- • Only lifetime pension
- • Fully taxed in retirement
Private Pension
Maximum flexibility
Benefits:
- • Complete flexibility
- • Capital payout option
- • Full inheritance rights
- • Tax-efficient withdrawals
Drawbacks:
- • No government subsidies
- • Limited tax benefits
- • Investment risk
Geprüft Pension Tip:
Most experts recommend combining multiple pension types for optimal retirement security. Start with Riester or Rürup for tax benefits, then add private pension for flexibility. The earlier you start, the more compound interest works in your favor!
Geprüft Retirement Planning Guidelines
Smart Saving Strategy
- • Start early: Age 25-30 is ideal
- • Save 10-15% of gross income
- • Use employer matching programs
- • Maximize available tax benefits
- • Review and adjust annually
Retirement Income Target
- • Target: 70-80% of final salary
- • Statutory pension: 45-50%
- • Private gap: 20-35% needed
- • €3,000 salary → €600-1,050 gap
- • Annual savings: €3,000-6,000
Geprüft Retirement Calculator
€100/month
= €180,000 at 67
€150/month
= €150,000 at 67
€250/month
= €120,000 at 67
*Examples with 4% annual return
Frequently Asked Questions
How much pension income will I need in retirement?
Plan for 70-80% of your final salary to maintain your standard of living. Consider inflation, healthcare costs, and desired lifestyle. If you earn €3,000/month now, aim for €2,100-2,400 in retirement.
Should I choose Riester or private pension insurance?
Riester is excellent for families with children due to child bonuses and subsidies. Private pensions offer more flexibility. Many experts recommend combining both for optimal retirement planning and tax efficiency.
Can I withdraw my pension savings early?
Riester and Rürup have strict withdrawal rules with penalties. Private pensions often allow early access but with reduced benefits. Emergency situations may provide exceptions, but early withdrawal significantly reduces your retirement income.
What happens to my pension if I move abroad?
EU moves generally don't affect pension rights. Non-EU moves may trigger tax obligations and subsidy repayments for Riester. Private pensions are usually more portable internationally and offer more flexibility.
How do taxes work with different pension types?
Riester and Rürup offer upfront tax benefits but are fully taxed in retirement. Private pensions have limited tax benefits during accumulation but more favorable taxation in retirement, especially for lump sum withdrawals.
Is it too late to start saving for retirement at age 40?
It's never too late! While starting earlier is advantageous, you can still build significant retirement wealth starting at 40. You'll need to save more monthly, but tax-advantaged accounts and employer matching can help accelerate growth.
Secure Your Geprüft Retirement Today!
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