As a housewife, how can I make provisions for old age?
In times of financial crisis and empty pension funds, today's housewives must also ask themselves whether they are financially secure enough for their old age. Furthermore, old-age poverty, especially among women, is an increasingly important aspect in society. The state-sponsored Riester pension is a good way of making personal retirement provision for housewives.
What you need:
- Time
- calm
Housewives must meet these requirements for the Riester pension
In order to benefit from the subsidy paid by the state to the Rieserpension to come, it is necessary that you as a housewife or Your husband meet certain requirements:
- You and your spouse must both be subject to unlimited income tax, which means that you must have your place of residence or your usual place of residence in the Federal Republic of Germany. Furthermore, you must be married to each other and not live permanently apart. Registered civil partnerships are not eligible.
- You and your spouse each have to sign a Riester contract in your name. Your husband must be qualified as an immediate beneficiary. Your husband is directly benefited if he is obliged to make appropriate contributions to the statutory pension insurance afford to. As an example, one can think of a worker or Introduce employees of a company. Your spouse is also classified as an immediate beneficiary if this official (recipient of salary and similar), farmer (compulsorily insured in the farmers' pension fund) or unemployed (only if with the federal agency reported). A final list can be found in Appendix 1a I Appendix 1 of the Income Tax Act.
Calculate the Riester pension
- If your spouse fulfills the requirements for direct benefit, you as a housewife are deemed to have indirect benefit. Specifically, this means that only your husband has to pay the required minimum deposit for his Riester contract. The minimum deposit is 4% of the income subject to contributions (in principle. Gross annual wage), but no more than 2,100 (minus the basic allowance granted of 154.00 euros). As a housewife, you are not obliged to pay contributions to the concluded Riester contract.
- If your husband has made the minimum contribution, you and your husband will each receive the basic allowance of EUR 154.00 per year.
- For children who were born before January 1st, 2008 and for whom you receive child benefit, the state grants an additional allowance of 185.00 euros per child per year. For children born after December 31, 2007, the allowance is even 300 euros per child per year. The allowance is generally credited to the mother, unless an application for imputation has been submitted to the husband.
- It is also possible to claim the pension contributions made (husband) as a special expense on the income tax return. To do this, fill out the back of the annex Pension expenses (from line 37) and attach the provider certificates with the social security number to the income tax return.
- Get multiple offers from Banks and insurance companies to get an overview of the various Riester contracts with investment forms. Also ask specifically about the costs respectively. Fees regarding the conclusion of a Riester contract, as these reduce your return!
Surrender value of the Riester pension - information
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