Germany Plans Pensions for Six-Year-Olds — Could Spain Do the Same?
23 Articles
23 Articles
Children should soon be provided with state aid for retirement provision: The Cabinet has launched the controversial early retirement pension of Minister of Finance Klingbeil. Who benefits above all – and who runs out empty.
The Federal Government wants to make sure that children already pay money for their old age - with the early retirement pension. From the ten euros that are available monthly from the state for the pension deposit, a considerable sum could become.
In the future, children will receive money from the state to build up wealth for old age.
The Federal Cabinet has initiated the early retirement pension for children: The law is to enter into force in 2027, whereby eligible children receive the monthly ten euros from the state for private retirement provision retroactively from 2026.
From the age of majority, the account will move to the private pension system for retirement, with tax advantages. Parents will be able to make additional contributions up to 6,840 euros per year in savings accounts
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