Cash money for pensioners: This is how you can secure up to 280 euros in basic security!

Cash money for pensioners: This is how you can secure up to 280 euros in basic security!

Basic security in old age represents important financial support for many pensioners. People who have reached the standard age of 65 or who are permanently unable to work are entitled to this support. Your own income is counted towards the basic security benefits, but special allowances apply. So reported chip, that a current pension allowance of 281.50 euros can be deducted from the eligible income, whereby this allowance applies to everyone who can prove at least 33 years of basic pension periods.

An example illustrates the application of these regulations: A person from Munich receives a gross pension of 1,800 euros. After deductions for health and nursing care insurance of 220 euros, a net pension of 1,580 euros remains. The pension allowance is deducted from this pension amount, resulting in a creditable income of 1,298.50 euros. After deducting the rent of 835 euros, only 463.50 euros remain for living expenses. The difference to the standard level 1 requirement, which is 563 euros, is 99.50 euros. This pensioner is therefore entitled to an increase in basic security.

Important application details and requirements

Basic security must be actively applied for and is not automatically available. In addition, in order to be entitled to these benefits, pensioners must not have personal assets of more than 10,000 euros, as Chip explains. This measure aims to ensure financial security in old age and prevent reductions in quality of life.

Additional allowances that are taken into account also concern income from voluntary work or additional pension provision, such as Income tax compact reported. Pensioners can receive up to 250 euros for tax-free voluntary work as well as a grant from Riester, company or Rürup pensions under certain conditions.

Clarification of basic pension periods

The basic pension periods, which are decisive for the pension allowance, include various credit periods such as compulsory contribution periods, childcare periods and periods of care or illness. This is intended to ensure that those who have contributed to society in the past do not fall into financial hardship in old age.

Given the rising cost of living and the diverse challenges that many retirees face today, such financial help is essential. Many people who are dependent on basic security are entitled to support despite a basic pension because this is not enough to maintain their standard of living. It is therefore important for affected pensioners to obtain comprehensive information about their rights and entitlements and, if necessary, to submit an application.