Tax relief for pensioners and contributors: New measures and the effects on the retirement age.

Tax relief for pensioners and contributors: New measures and the effects on the retirement age.

According to a report by Merkur, new measures against double taxation of pensioners and contributors have been introduced, which will lead to relief. Those born in 1975 in particular benefit most from the new pension tax rules. The traffic light government has announced that it will combat double taxation and has already taken the first measures. The restriction on the deduction of pension expenses has been removed, resulting in a lower tax burden for contributors. In addition, the federal government is planning the Growth Opportunities Act to relieve the burden on pensioners and gradually increase the taxable portion of pension payments.

These measures can have a significant impact on the financial industry. Firstly, contributors will benefit from a lower tax burden, which could potentially lead to higher consumer demand. This, in turn, could benefit certain industries, such as retail. On the other hand, the gradual increase in the taxable portion of pension payments could have an impact on retirees' long-term financial planning. They may be forced to find alternative sources of income to cover their increasing tax obligations.

The calculations by pension expert Werner Siepe show that those born in 1975 in particular benefited most from the changes, with an advantage of 12,482 euros over 20 years. Retirees with a high pension and long-term contributions would save even more, which could also lead to a change in the consumption and investment behavior of this population group.

Overall, it is important to consider the long-term impact of these measures on the market and the financial industry, as they may influence consumer behavior and retiree financial stability.