• Germany's news in English
 

Tax payers 'could save up to €240' in 2013

Published: 04 Jan 2013 10:25 GMT+01:00

Finance expert at Berlin's Free University, Frank Hechtner, figured out that Germans could be saving up to €20 a month in the coming year compared with what they paid in 2012, the Süddeutsche Zeitung said.

Thanks to the healthy state of the country's national pension pot, employees may well find themselves paying less into it this year. The government is planning on reducing monthly contributions from 19.6 percent to 18.9 percent of a person's wage.

This, if passed, could see an unmarried person earning €3,400 per month saving €185 in taxes each year. A married couple with two children could save €200.

The full effect will not become clear until April, when changes will be given the go ahead and come into force.

Potential upcoming reforms could, Hechtner said, also benefit lower earners by €100 per year. Currently, Germans may earn up to €400 per month without paying taxes but this figure should rise to €450 over 2013. Those earning up to €850 per month should pay reduced taxes.

But as Hechtner explained, although pension contributions may drop, Germans could find themselves paying slightly more in nursing care insurance. This is set to rise from 1.95 percent of a person's monthly wage to 2.05 percent.

Initially suggested tax reforms by the ruling Christian Union and Social Democrat coalition were rejected by the Social Democrats, who hold a majority in the Bundestag upper house of parliament. If they had been passed, middle earners could have been paying up to €350 less in taxes 2013.

The Local/jcw

The Local (news@thelocal.de)

Your comments about this article

13:45 January 4, 2013 by smart2012
In contradiction to the article that more money are needed to close gap in budget by 2014. Yes, Verkel propaganda.

Also, am paying every year app 32000 euros in taxes, and those guys make a big deal of maybe saving 150 euros ie 0.46%? Lol
10:03 January 5, 2013 by Englishted
So the more you earn the greater your tax cut ,thats the way to close the gap between rich and poor to make a more equal and fair society.

Also there is a article here today about more austerity measures needed in Germany ,you can't have it both ways unless as many believe the ruling parties are reverse Robin Hoods stealing from the poor to give to the rich.
Today's headlines
Merkel joins Holocaust survivors to mark Dachau liberation
Merkel laying a wreath at Dachau. Photo: DPA

Merkel joins Holocaust survivors to mark Dachau liberation

German Chancellor Angela Merkel joined survivors of the former Nazi concentration camp at Dachau on Sunday for a solemn ceremony to mark 70 years since it was liberated by US forces. READ  

Snowden among statues unveiled in Berlin
Italian artist Davide Dormino with the statues. Photo: YouTube (screenshot)

Snowden among statues unveiled in Berlin

Statues of whistleblowers Edward Snowden, Julian Assange, and Bradley Manning were unveiled in central Berlin on Friday by activists and members of Germany’s Green party. READ  

Andy Murray smashes through to Munich semis
Andy Murray in action. Photo: AFP

Andy Murray smashes through to Munich semis

Top-seeded Andy Murray hit back from a set down to defeat Lukas Rosol 4-6, 6-3, 6-2 in a bad-tempered quarter-final at the rain-hit Munich Open on Saturday. READ  

Munich quarters postponed by rain
Photo: DPA

Munich quarters postponed by rain

Andy Murray's match against Lukas Rosol and the rest of the Munich Open quarter-finals will take place on Saturday after wet weather washed out Friday's schedule. READ  

Berlin deleted '12,000 NSA spy requests'
File photo: DPA

Berlin deleted '12,000 NSA spy requests'

The German intelligence service BND, which is accused of helping the United States spy on EU leaders and companies, had actually "deleted 12,000 requests" targeting European officials, according to a media report on Saturday. READ  

Commerzbank owners reject bigger bonuses
Photo: DPA

Commerzbank owners reject bigger bonuses

Shareholders of Commerzbank, Germany's second largest bank, rejected a proposal Thursday to pay bankers bigger bonuses. READ  

Neo-Nazis plan 'to storm Reichstag' 70 years on
A National-Democratic Party demonstrator in Berlin, August 2014. Photo: DPA

Neo-Nazis plan 'to storm Reichstag' 70 years on

Authorities said on Thursday that far-right activists have organized a demonstration outside Berlin's Reichstag (parliament) building on May 9th, the 70th anniversary of the end of the Second World War. READ  

This week in history
The bitter end in the Führer's bunker
Adolf Hitler speaking to child soldiers in the spring of 1945. Photo: DPA

The bitter end in the Führer's bunker

Thursday marks the 70th anniversary of the death of Adolf Hitler. On April 30th 1945 he and Eva Braun committed suicide in the Führerbunker as Berlin crumbled around them. READ  

Munich man hurls white mice at passersby

Munich man hurls white mice at passersby

Police in Munich had to intervene to stop a drunk man attacking passersby with mice on Thursday morning, reports the Augsburger Allgemeine. READ  

Police 'capture escaped murderer in Cologne'
Detlef Witte, on the run from police in Bonn. Photo:DPA

Police 'capture escaped murderer in Cologne'

Local journalists are reporting police in Cologne have caught a murderer who escaped from jail on Tuesday. The man had been described as “highly dangerous.” READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Travel
Giant tortoise found riding Munich rail
National
FCK CPS? A-OK with court
National
Germany's 'other genocide' in Africa
Politics
Opinion: Brexit's dangers for Germany
National
Minister shows off top Denglisch
Features
Off to Norway at 18 km/hour
National
Arms firms get a 'must do better' mark on ethics
Features
Smart kids all want to work for BMW
Sport
Bayern's anticlimactic 25th Bundesliga win
Gallery
German beer day: take the tour
Gallery
The smileys Germans love to text
National
Expats face Monday deadline to register to vote for UK election
Politics
A Greek learning politics in Germany
National
Germany's favourite baby names of 2014
National
Germany's 'very poor' lobbying record
Features
The battle of the "Gates of Berlin"
Politics
Merkel's 15 years at the top of German politics
National
VIDEO: Mario Draghi suffers anti-ECB confetti attack
Travel
Lowest of the low: how woman exploited Germanwings crash
Sport
Football and the €30,000 firework
Technology
Why scientists oppose killer robots
Features
Spice up asparagus season with The Local's serving suggestions
Technology
Electrifying 'Ostalgia'
National
Which city is Germany's worst for drivers?
National
Germanwings co-pilot 'searched suicide info'
National
'Cannibal cop' gets 8 years
Shutterstock
Sponsored Article
10 things you didn’t know about Zagreb (and why you should go)
National
Freed after 25 years on death row
National
Cologne Cathedral returns from space
Can the 'nightmare' of a pilot downing a plane be prevented?
Pupils mourn lost classmates
Sponsored Article
What expat parents should ask before choosing a school
National
LIVE: Co-pilot suspected of crashing plane
Is your workload 'out of control'? You're not alone...
Features
Paddy's Day, Berlin style
National
Why east Germans are happy to get it on on camera
National
What would you do with a 250-year-old pretzel?
Features
Just why is the German flag Schwarz, Rot, Gold?
Business & Money
Getting German workers and bosses thinking positive
National
Uplifting thoughts to get you through the last week of winter
National
Who wants the Olympics more - Hamburg or Berlin?
National
Last-minute drama of Germany's Eurovision 2015 entry
National
German photographer takes world's top prize
Features
Meet the woman getting Germans to drink more – and better – beer
Gallery
In pictures: Germany's seven most livable cities
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

7,184
jobs available
Toytown Germany
Germany's English-speaking crowd
?>