One good option to stock up your pension insurance is by option for the so-called "Riester-Rente". This is a private pension scheme that Germany has introduced so people will save up additionally for their pension on their own. If you pay into a private Riester-Rente, you can deduct part of these payments from your income tax, but you will have to pay on the pension payments after retirement.
The Riester-Rente only works for employed people. If you're self-employed or running your own business in Germany, you can get the Rüttgers-Rente instead.
01 April 2008, 06:45:27 pm
