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A payment transformation is an agreement for company pension scheme, with which the employee does without a part of its content in favor of a worth-same age precaution promise.

In Germany have in accordance with "§ 1a BetrAVG employee requirement on payment transformation. The choice of the execution way is incumbent on the employer. If a execution way is selected, then the employee can require that this is promotable as Riester pension. Contributions from payment transformation are immediately unverfallbar.

Contributions in a payment transformation are promoted for taxation. The promotion can fail differently:

  • "§ 3 No. 63 EStG (exemption from taxes)
  • "§ 40b EStG (overall taxation)
  • "§ 10a and section XI EStG (promotion by extra pay)

Which variant is applicable and is worthwhile themselves for the investor at most, is individually different.

In the performance phase the taxation takes place dependent on the promotion variant in the contribution phase.


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