German pensioners: where life abroad is most beautiful!

German pensioners: where life abroad is most beautiful!

Innsbruck, Österreich - More and more Germans are deciding to spend their retirement abroad in order to enjoy the pension time to the fullest. A look at popular destinations shows that Austria and Switzerland in particular are very popular. In Austria alone, around 29,000 German pensioners currently receive their monthly payments and thus make up a considerable part of the 98,000 pension payments to foreign pensioners who are transferred in this country. reports about the most popular cities in which German retirement dealers spend their retirement and names Vienna, Salzburg and Innsbruck as favorites.

But how do the pension payments work abroad? According to the German pension insurance, the pension payment remains largely unchanged when moving to an EU country, Iceland, Liechtenstein, Norway or Switzerland. The pension is conveniently transferred to an account of your choice, which is a carefree solution for many pensioners. A look at the legal framework shows that possible deductions can exist in the event of pension claims, even if claims of foreign times must also be observed. Before moving, it is recommended to get detailed advice and to do the necessary formalities, such as the communication of the move to the pension service. emphasizes how important it is to be clear about your own demands, especially when it comes to different agreements with other countries.

popular emigration goals

The tendency towards emigration is not limited to Austria. Switzerland also attracts many Germans, where 26,000 pensioners receive their payments. Although the cost of living in Switzerland is higher than in Germany, the picturesque landscape and the high quality of life attract many retirees. Spain, the USA and France are also important destinations for German pensioners with 23,000, 21,000 and 18,000 pension payments. letters a considerable part of the retiree to enjoy a cheaper or more pleasant quality of life.

Tax aspects and payments

But there are also important tax considerations to be observed. In many cases, pensioners who live abroad have to submit a tax return for limited taxpayers. Depending on the country of residence and the existing double taxation agreement, tax liability can apply from the first euro. The tax office in Neubrandenburg is responsible for the assessment of German pensioners abroad and ensures that all regulations are adhered to. The information pages of the emigration services offer valuable tips and notes to plan the abroad have.

The decision to move abroad is a sensible option for many to make retirement exciting. However, it is important to have the different aspects of the pension payments and tax obligations in mind in order to ensure a smooth life in the new home country.