The occupational pension is a form of private pensions. Through this, it is the workers possible to cover some capital for retirement. From the retirement of the employee of this capital will be disbursed.
The pension is usually funded by the employee. Of its gross income, the corresponding contribution is deducted by the employer and paid directly to the insurer. This will also result in tax benefits and charges. The social security income of the employee is reduced by the deduction of the fees for occupational pension. This lower contributions for social insurance are due. This benefits not only the employee. Because the employer can also pay lower contributions for the employee.
Occupational pension annuities is the opposite but as a second choice. While it is possible to obtain even for occupational pension schemes, the government allowances รก la Riester. But the pension is very inflexible. Thus, for example, no accelerated payments are requested. The protection of the family is only possible under certain conditions.
For this reason, the gains private pension insurance with state support by the Riester pension is increasing rapidly. Also in the private pension expenditures can be assessed in the tax return. Advantage of this type of pension that a premature withdrawal is possible at the request is. This is also associated with losses.
