No video :(

German Social Security System Explained | Health Insurance, Public Pension, Accident Insurance, etc

Подписаться 12 тыс.

Просмотров 7 тыс.

50% 1

Health insurance in Germany is free? 🤔
Employees pay about 20% of their gross salary into the German social security system. And health insurance is one of the 5 insurances of our German social security system.
Find out everything you always wanted to know about:
✅ Health Insurance
✅ Public Pension (Deutsche Rentenversicherung)
✅ Unemployment Insurance
✅ Long-term Care Insurance
✅ Accident Insurance
Get answers to all your German social security questions:
How much are YOU paying into social security? 🤔
What will you (eventually) get out of social security? 🤔
Read the article here: perfinex.de/ge...
Videos Axel mentioned:
German Payslip Explained | Gross Salary & Net Salary, Income Taxes, Social Security, Pension
• German Payslip Explain...
Taxes in Germany Explained | Income Tax, Tax Classes, Church Tax, Solidarity Tax
• Taxes in Germany Expla...
Health Insurance in Germany: Public Health vs Private Health | What's Better For You?
• Health Insurance in Ge...
Pension System in Germany | Public Pension, Rürup, Riester, Company Pension, Private Pension, etc
• Pension System in Germ...
-----
00:00 Intro
01:49 Overview of Social Security
03:07 Is Social Security Free?
04:35 Pillar 1: Health Insurance
07:03 Pillar 2: Public Pension (Deutsche Rentenversicherung)
08:51 Pillar 3: Unemployment Insurance
09:23 Pillar 4: Long-term Care Insurance
10:16 Pillar 5: Accident Insurance
11:19 Why did Axel quit out of Social Security?
-----
PerFinEx - Personal Finance for Expats
The #1 English-Speaking & Independent Financial Planner in Germany
-----
Set Yourself up for Financial Success!
Text Us on WhatsApp: +49 175 50 30 773
Secure a Meeting with Us: perfinex.de/me...
-----
Like & Follow Us on Social Media!
Instagram: / perfinexgermany
Facebook: / perfinexgermany
LinkedIn: / perfinexgermany
-----
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 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.

Опубликовано:

14 авг 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 29

@LuisGonzalez-hw6ev 2 года назад

This is so helpful! Thanks for making videos with great quality content :)

@PerFinEx 2 года назад

Gled our videos are helpful to you! And thank you very much for watching. 😊

@thesatwikshenoy 2 года назад

Hey Axel, thanks for all the amazing info you put out there! Please could you also makes videos on Unemployment insurance, Long term care insurance and work accident insurance. Really curious to know who manages this. Is it the same health insurance? what are the option one has as freelancer? etc. Looking forward to this.

@ricdotdev 3 года назад

Hi, Axel. I'm currently binging on your videos and I would like to thank you for all the contents so far. I have another question: Can you elaborate what does the "salary cap" in this context mean? For example, what will happen to the health insurance contribution if the gross salary is less than the cap? And how about the public pension contribution if the gross more than the cap?

@PerFinEx 3 года назад

Hi Ric, thank you so much. Hopefully our videos help you improve your financial future. Salary cap means that gross salary up to the cap is subject to x (health insurance, public pension, etc). Example: Salary cap for public pension is 85.200€ in 2021. Meaning up to 85.200€ you have to pay 18,6% in public pension. Any gross salary from 85.201€ upwards is free of public pension.

@ricdotdev 3 года назад

@@PerFinEx Thanks again! By the way, is it possible to get refunded from (some) social security contributions if I leave Germany? I tried looking through your videos but I didn't see anything about this. Please tell me if you already did and what is the title of the video.

@PerFinEx 3 года назад

So far there is no video about that. It‘s on the list tho. Especially your options with the public pension when leaving Germany.

@ew5258 Год назад

I'm surprised that you quit your social security. I would never.

@PerFinEx Год назад

Why not?

@gautamkishoreshahi1268 2 года назад

I have a deduction with the name "ZV-Uml. Regelentg." what is this? Is it mandatory to pay it? If not can I opt not to pay?

@PerFinEx 2 года назад

Tough to say just from these abbreviated words. Might be some form of company pension. Your HR department can help you with what it is & if you can stop paying it. 👍

@AshikuzzamanAngkon Год назад

Bro you are Gem😍

@shahi_gautam 3 года назад

Please make video on unemployment benefits

@davidgruty 3 года назад

When you say you quit the social security system, does it mean the 5 pillars?

@PerFinEx 3 года назад

Exactly. - Health Insurance was replaced with a private version - Public pension was replaced with a private version - Unemployment insurance was quit completely - Logn-term care insurance was replaced with a private version - Accidient insurance was quit completely

@davidgruty 3 года назад

@@PerFinEx But you do this as a freelancer, right? Or everybody can do it? Or just people earning 60k (because of the health insurance)?

@PerFinEx 3 года назад

All employees are forced to pay into social security. Employees earning +64.350€ gross next year are free to choose between public or private health insurance (+long-term care insurance).

@NonSequitur404 3 года назад

@@PerFinEx But how were you able to quit accident and unemployment insurance completely? Is this something only self-employed and business owners can do?

@PerFinEx 3 года назад

Exactly. Self-employed people can quit social security. They only have to have health insurance (public or private).

@tariqbahoussain1442 2 года назад

In uk it’s free because we not forced to pay health insurance unlike in Germany

@PerFinEx 2 года назад

"Free" as the NHS is mainly funded from general taxation supplemented by National Insurance contributions (NICs).

@tariqbahoussain1442 2 года назад

So is Germany but difference is uk taxpayers only pay income tax whereas Germans must pay income tax plus health insurance. I felt Germany really need to reform its tax system it’s so outdated n cruel.

@PerFinEx 2 года назад

Income tax, Health insurance, Church tax, Public pension, Unemployment insurance, Solidarity tax, Long-term care insurance, and so much more. Here's a video that shows you how much Germans really have to pay: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-GpwOlrhmdd0.html

@tariqbahoussain1442 2 года назад

@@PerFinEx haha 😂 church tax, reunification, unemployment insurance, care insurance and higher taxes is something uk don’t have. Yay definately Germany need fix up it’s tax reform I was even more shock that a low income German pays more taxes than low income brit. Brits start paying income tax when they earn 13,000 euros and in Germany 9,000 euros no wonder low intake british citizens they would rather live in Spain which is more affordable. It’s a shame really Germany such lovely country and quality of life is good but the cost of living is so expensive along with higher taxes.

@iggymach 2 года назад

@@tariqbahoussain1442 Well, Germany could as well impose "only" income tax, but in that case it would go up to over 40%, as the distribution would be probably the same behind the scenes. Ultimately representing pretty much the same net salary for you monthly or yearly.