Everyone who works in Germany automatically has money deducted from their monthly salary (18,6 percent, split equally between you and your employer), which is used to contribute towards your state pension.
However, if you end up leaving Germany - as lots of expats do - you might be able to ask for a pension refund and claim back the contributions that you have made.
Thinking of applying for a German pension refund? Reach out to Fundsback!
A German pension refund is where you file a claim with the German pension office in order to get back the pension insurance contributions you have been making every month.
Although the contributions amount to 18,6 percent of your gross income every month, you only get half of this back when you apply for a refund. This is because only 9,3 percent of the contribution actually comes from you; your employer contributes the other 9,3 percent, which you can’t claim back.
If you’re considering applying for a pension refund, it’s worth taking advantage of an expert like Fundsback, who will be able to provide advice on your situation. There are a number of benefits that come with asking an expert to help, including:
The process of claiming back your German pension is not necessarily straightforward. There are different steps that need to be taken depending on where you currently live. The timing of the process also varies.
Rather than worry about all of the different procedures and timings, and what they entail, if you simply enlist the help of an expert, then you’re going to be in a much better position and will be able to rest easy knowing that your refund application is in good hands.
Keeping track of your pension and properly understanding everything in the process of getting a refund may seem simple enough, but there are a number of contributing factors you need to take into account. Having someone knowledgeable on your side ensures that nothing is overlooked.
It may also be the case that you long since left Germany and have basically forgotten all about your pension contributions. Having an expert who knows to look out for this ensures that you won’t be missing anything. With Fundsback´s Reminder Service you will never miss a deadline - and that will save you money.
It could be the case that it is not in your best interest to claim a pension refund in the first place - or at least not right away. Depending on your individual case, you can withdraw everything, leave it until the economy is in a better position or leave it until you reach retirement age.
All of these different routes come with a variety of pros and cons, and you need to be aware of them, so you know you’re making the right decision. Fundsback will help you weigh up your options and what they involve, so you can decide how best to move forward.
Fundsback's many years of experience mean they are able to solve even the most difficult cases. Even if you have missing contribution periods, Fundsback can clarify the circumstances with your employer. If you are divorced and have separation of property, they can also advise you.
Anyone who works with Fundsback receives an all-inclusive package to clarify their pension rights and claim a refund.
If you need help with claiming back your German pension, then you will be happy to know that Fundsback will be able to provide assistance with your claim.
At Fundsback, a team of experts is on hand to provide you with all of the advice you need to claim back your pension. Use the Pensioncheck to verify your claims against the Deutsche Rentenvericherung and start your refund claim today.