Basic pension 2024: entitlement, tax legal responsibility and enhance

First of all, it is concerning the variety of contributions over 35 years (or extra) of contributions. The following applies right here: For annually you pay into the pension fund, there’s a certain quantity of factors (fee factors). The variety of incomes factors is dependent upon how a lot you earned annually. Because: As you earn, the quantity you pay into your pension fund additionally will increase. You get a full level for annually you earn the German common and pay the common contribution. If the wage is low, it’s lower than one level. Example: If you earned half the quantity, you paid solely about half of the contributions. So there are 0.5 factors. To be eligible for a fundamental pension, it’s essential to have earned greater than 30 however lower than 80 % of the common for all related contribution years. So you must rating greater than 0.3 however lower than 0.8 per yr. Years by which you scored lower than 0.3 factors aren’t included. This is feasible, for instance, with mini-jobbers.