Pensions

In addition to the statutory pension fund, the importance of a private provision for old age is becoming ever more important. The number of products on the market and the number of providers is increasing. This complicates the selection of the right product. Upon the enactment of the Altersvermögensgesetz (Retirement Pension Act) on June 26, 2001, new incentives were created for both company and private pension schemes. Under certain conditions a privately funded pension scheme qualifies for state subsidies or tax relief. In addition, the amendments to the company pensions act resulted in fundamental changes to social security and the labor law governing company pensions. One of the most important decisions for companies in this regard is which form of company pension is the most suitable. Both companies and managers are faced with the challenge of finding the most favorable solution for all involved without a great deal of administrative work.

Ebner Stolz Mönning Bachem will inform you, employees and employers alike, of what possibilities are available for employee and/or employer-funded pension plans.

We offer you the following services:

• Calculation of the tax and social security impact of different pension concepts for both employees and employers
• Tax impact for employees during the savings phase and the pension phase
• Impact of the capital gains tax from various life insurance products
• Presentation of the time credits and working-hour models during the savings phase and the pay-out phase; presentation of a disruption to the plan (e.g. termination, early forced retirement); special issues for directors and officers
• Presentation of the possibilities for addressing deficits in pension plans for direct pension commitments and the related impact on the balance sheet: tax impact upon the waiver of pension commitments
• The impact on the rating and the sales price of sales of operations upon the selection of different structures and presentation of the consequences of splitting off pension obligations to separate welfare funds
• Mediating contacts to open pension funds or insurance brokers
• Advising on labor law issues

As most suitable products are long-term contracts, the individual circumstances of the employee and the employer must be addressed from the perspective of tax and social security. This is not generally possible in a standard calculation of the pay-out from an insurance policy.

For this reason, you should let us calculate the impact on your individual social security, tax and balance sheet.