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German Payslip Explained | Gross Salary & Net Salary, Income Taxes, Social Security, Public Pension 

PerFinEx
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German payslips are pretty confusing with a lot of numbers and abbreviations. Many expats in Germany are surprised when they receive their first net salary and see that almost half of their gross salary is deducted. Our example payslip has almost 5.000€ gross and less than 3.000€ net.
🤔 What happened in between?
🤔 What does gross & net even mean?
🤔 How much taxes do you have to pay in Germany?
🤔 How much social security are you paying in Germany?
Read the article here: perfinex.de/german-payslip-ex...
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00:00 Intro
01:31 Difference between Gross Salary & Net Salary
02:11 Personal Data (Taxes, Health Insurance, etc)
04:08 Parts of Gross Salary (company car, etc)
05:45 1st Big Deduction: Taxes
06:53 2nd Big Deduction: Social Security
09:13 How to Increase Net Salary
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The No. 1 English-speaking Financial Planner in Germany
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The content of this RU-vid channel is provided for informational, educational, and entertainment purposes only and is not intended to constitute accounting, financial, legal, and/or tax advice. Consequently, you should not rely upon any information contained on this RU-vid channel for accounting, financial, legal and/or tax advice.
Further does the content of this RU-vid channel not constitute, and should not be construed as, personal financial advice or a recommendation to buy, sell, or otherwise transact in any investment including any products or services or an invitation, offer or solicitation to engage in any investment activity. Consult a professional financial advisor or conduct your own due diligence before investing.
Neither Axel Brückner nor PerFinEx makes any representation, warranty, or guarantee about the accuracy of the information contained in this RU-vid channel or in links to other RU-vid channels or websites. Videos are prerecorded. This RU-vid channel is provided "as is,“ and does not represent any outcome or result from viewing of this channel. Viewing of this RU-vid channel is at your own risk. There are risks associated with investing. Loss of principal is possible so an investor may get back less than the amount invested. Past investment performance is not a guarantee or predictor of future investment performance.
None of the information or analysis presented are intended to form the basis for any personal financial decision, and no specific recommendations are intended. It is strongly recommended that you seek professional personal financial advice before making any personal financial decision. Any personal financial decision you make should be based on an assessment of your personal situation, professional situation, assets, liabilities, and risk tolerance in consultation with your personal financial advisor.
You enjoy this RU-vid channel and its contents only for personal, non-commercial purposes. Neither Axel Brückner, PerFinEx, nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.

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13 июл 2024

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Комментарии : 27   
@Waleochronicles
@Waleochronicles 3 года назад
I always enjoy watching your videos. Thanks for breaking this down for us. I'm looking forward to the upcoming videos on income tax and pension. Excellent content. Keep it up! 😊
@PerFinEx
@PerFinEx 3 года назад
Thank you so much! Hope the information is helpful to you. - Axel
@emreaksit4719
@emreaksit4719 9 месяцев назад
Great video! I understand my payslips so much better now. It makes me start thinking about the solutions immediately.
@KEcAzZ1
@KEcAzZ1 Год назад
Great and very useful videos! Thanks for making them. It would be very useful, if you could put a red circle or rectangle around the text that you refer to. It would be easier for viewers to follow you.
@PerFinEx
@PerFinEx Год назад
Great suggestion!
@TradingWithCJ
@TradingWithCJ 3 года назад
Nice one mate, not too dissimilar from ours! Great work
@PerFinEx
@PerFinEx 3 года назад
Thanks a lot!
@vishalrahangdale6984
@vishalrahangdale6984 Год назад
Tell me about That's Good news.. How much money we get return from our detection taxes.
@osamudiamenwerllingtonnosa5409
@osamudiamenwerllingtonnosa5409 3 года назад
thanks very much , please what is versicherungsbeiträge?
@PerFinEx
@PerFinEx 3 года назад
Versicherungsbeiträge = insurance premium/contribution
@237kamerarticlestv3
@237kamerarticlestv3 3 года назад
Please how much can a waiter earn monthly in Germany after paying all the taxes??
@PerFinEx
@PerFinEx 3 года назад
Depends on a lot of different factors: Where are you working (city)? Where are you working (beer garden or high-class restaurant)? How much tip are you getting? The ladder is mostly „tax free“ tho. 😉
@ApnaCryptoChannel
@ApnaCryptoChannel 3 года назад
Do you have Signal App/Telegram app too one the same number?
@PerFinEx
@PerFinEx 3 года назад
Not yet. Only WhatsApp and mail for now.
@ApnaCryptoChannel
@ApnaCryptoChannel 3 года назад
@@PerFinEx Due to recent controversial privacy issues with WhatsApp, a lot of people including me will prefer more secure alternatives like Signal. I hope to see you on more secure alternatives. Thanks.
@PerFinEx
@PerFinEx 3 года назад
@@ApnaCryptoChannel We are committed to providing the best value for the expat community in Germany. So as soon demand picks up for other forms of communication, we'll make sure to provide it. // Btw your comment was put by RU-vid in the spam section (no idea why). That's why the answer is a little late. I just discovered that there is a spam section for comments. 😅
@shiva5774
@shiva5774 2 года назад
@@ApnaCryptoChannel Dm via telegram 👆👆👆 we have created it now
@kshitijkolas
@kshitijkolas 3 года назад
what is pflegeversicherung?
@PerFinEx
@PerFinEx 3 года назад
Long-term Care Insurance (Part of Health Insurance).
@biafrawatch9604
@biafrawatch9604 Год назад
Why did you say dont get a lot of children? is it taboo to have kids in Germany?
@dannu56
@dannu56 2 года назад
Sheesh that’s crazy
@shiva5774
@shiva5774 2 года назад
Dm via telegram 👆👆👆
@lisaschuster686
@lisaschuster686 2 года назад
Born in 1956! A Baby Boomer!
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