Check Riester pension correctly before the end of 2021
Avoiding mistakes with existing and new Riester contracts22.11.2021
Will there be a Riester run in 2021 if you are still taking out or want to review your Riester contract?
If some employees of insurance companies or sales organizations are currently giving the impression that there will be no more Riester pensions as of January 1, 2022, this is simply not true. The Riester pension will continue to be offered by several providers. The state subsidy for Riester pensions will also continue to exist. And the subsidy is considerable. For the eligible applicant, there will be €175 in the contract every year for decades, until retirement. For each child born from 2008, one receives an additional €300 annually (previously €185) into his or her contract.
Depending on the family situation, this can amount to up to several tens of thousands of euros in state subsidies. Depending on the income situation, the tax incentives for the contracts can be better. Simple modern applications ensure that one takes out a good Riester contract only once and at the same time submits the permanent allowance application once. Financial experts always recommend choosing a provider that has a good Riester concept and whose contract costs do not damage the profitability of the Riester contract. The minimum contribution is depending on the income situation between 60 € and 2100 € annually. Hardly known, with the introduction of the Riester pension one lowered the future legal pension level approximately around the height of the future Riester pensions. Accordingly, Riester contracts are virtually mandatory or you get less statutory pension.
Is the end of the Riester pension approaching soon?
All the major parties' election programs want to change the Riester pension or call for alternatives. It is to be expected that existing Riester contracts will be protected. The politicians themselves ensured that Riester contracts will have a harder time from 2022. When Riester pensions were launched, policymakers obliged all providers to guarantee contributions and state subsidies. As of January 1, 2022, the maximum actuarial interest rate for providers of Riester contracts via insurance will drop to 0.25%. This reduces the opportunity for providers to place much of it in profitable fund units.
What mistakes to avoid with existing and new Riester contracts?
- "Doing nothing" ignoring the opportunities and risks surrounding Riester pensions
- Informing one-sidedly with providers/distributors who represent only one company
- Not reviewing existing Riester contracts now
- Simply conclude a Riester contract without checking your situation
- Conclude a Riester contract that is far too expensive, costs eat up your credit balance
Don't have a Riester contract yet? Have your situation checked online and free of charge by a service provider like GELDPILOT24. Make sure that your service provider has a wide range of companies. Only then can you get the "best" Riester pension for you.
Do you already have a Riester contract? Have your Riester contract checked online and free of charge by a service provider like GELDPILOT24. Make sure that your service provider has a wide range of companies. Only then can you get the "best" Riester pension for you. If changes are necessary, for example because you have huge cost guzzlers in your contract, now is the best time.
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