This is how you increase your pension with application V0800 - financial expert explains simple and free method for increasing your pension!

This is how you increase your pension with application V0800 - financial expert explains simple and free method for increasing your pension!

According to a report by www.derwesten.de, citizens in Germany from their 27th birthday receive the first letter from the German Pension Insurance (DRV) with the status of their current pension entitlements. Parents of children can use a simple trick to increase their pension by submitting an application to determine child-rearing periods. Parents receive three pension points for each child raised. By completing the application, these pension points can be recorded and claimed later. This means that the pension can be increased by three pension points without the parents having to give up working.

The pension adjustment rose by 5.35 percent in West Germany and by 6.12 percent in East Germany as of July 1, 2022. A pension point in the west is currently worth 36.02 euros and in the east 35.52 euros. The three pension points that a parent receives per child are currently worth around 108 euros. With an application V0800, parents can effectively increase their pension and receive up to an additional 432 euros per month, depending on the number of children.

Completing the application requires information about the children, proof of birth, information about their upbringing and the other parent. If you were employed abroad, proof of foreign insurance periods is also required. It is possible to submit the application as an e-application, but processing by email is discouraged by the DRV due to data protection guidelines.

Filling out the application and recording child-rearing periods can be done by anyone who wants to increase their pension, but this must be done before retirement. According to experts, there is a good opportunity to increase your pension, especially for those who are yet to retire.

The introduction of this simple trick to increase the pension could lead to increased demand for this application to the DRV, especially from parents and those who are future pensioners. It could also help raise awareness of pension entitlements and ways to increase them. This could improve the financial situation of many people in Germany and also have an impact on the surrounding market or financial sector.