pension refunds on leaving germany

- Only people from countries NOT in the EU/EEA can apply for pension refunds. How to use the calculator . How long can you stay outside Germany without losing German residence permit? So better plan before and consult the pension office. After successful submission of above documents, you may expect a confirmation letter at your current address from DRB in 4 to 8 weeks. So, get an appointment with your local German consulate for the same. STEP 2: Adjust the slider to add your monthly gross salary. NOTE A few exceptions: Citizens from Israel, Macedonia, Serbia or the EU are NOT entitled to the pension refund. That does affect your eligibility for a refund as follows. This website uses cookies to provide you with the best browsing experience. - A person should have worked less than five years in Germany if they have worked longer they are eligible to receive retirement pension and can’t avail of the pension contributions refund. Nearly 10% within two years is certainly not something to turn your nose up at! Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. If you worked in Germany (European and non-European nationals) you might be eligible for a refund of your pension contributions if 24 months have passed after you left the country. -We have more than 20 years of experience-, Our tax experts have already processed over ½ billion euro in refunds. If you’ve ever worked in Germany, you’ll have paid into a German pension. In your case it does not matter how long you have paid contributions (more or less than 60 months). Pension insurance refunds on leaving Germany I'm a non-european citizen that has been working in Germany for almost 3 years and will be leaving in January to the UK for work soon. Certified copy of passport and other supporting documents (driver’s license, utility bill or bank statement). Family Reunion visa (Spouse Visa)- How to Apply ? Once that goes through, all contributions so far are removed from your account. You will need to complete a registration form and send us cоpies of your final payment document, passport/ ID card, and current bank account statement. You may be wondering what happens to the money you paid after you leave Germany. Different rules apply for Europeans, nationals of Contracting States, and nationals of Non-Contracting States. Everyone who works as an employee in Germany waits eagerly every month for their pay slip. If you are a European or a Non-European national, you can reclaim your German pension contributions after leaving the country, eligibility provided. Forward all mails addressed to your German address to your Home country via Deutsche post. It should contain the period of contribution and the amount refunded. - Nationality and residency are important. A happy surprise for your retirement! It is however possible to credit periods of employment abroad, including in your home country, against these five years. If a US national is currently living in the EU they can’t claim pension refund now, they must first return to the US. Once you have left Germany, you are no longer subject to compulsory insurance. Students, who worked as trainees are not entitled to a pension refund. How many years back can I claim my pension refund? But what if you don’t plan on living in Germany forever? Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. While the process isn’t difficult, waiting for the pension refund Germany will send you takes 2 to 6 months. If you find the prospect of applying for your German Pension Refund to be daunting, Taxback.com can help you. Check the implications of a German pension refund or seek professional advice. Germany has a so-called social security agreement with countries like the USA, Canada, Australia, Brazil, South Korea, India, Israel, Japan, Uruguay, Chile, Morocco, Tunisia, Philippines, Moldova, Albania and Macedonia. This also depends on which non-EU country you are from and which EU countries you have worked in. More foreigners are paying into Germany's social security system than ever before. Different rules apply depending where you currently reside and if you have contributed for more or less than 60 months. It is our professional mission to protect your money and to help you get a complete refund of your contributions. Your email address will not be published. Non-EU citizens should also take care that working in other EU nations can also count towards 5 years period in Germany. Germany Germany's pension system tricky for foreigners. *Current rate, slightly higher in past years. – You leave the country and stay outside the EU for more than 24 months. If you have contributed to a German pension for more than five years, unfortunately you have no option other than waiting until retirement age to claim your pension. But what happens if you are not planning to live in Germany in the long term? We have, The process is as simple as possible. You can get applications for refunds in English (and other languages) from the German Embassy/Consulate in your home country. i.e. So, depending on your level of German, this can make the process more difficult. of what you will learn in more detail in this guide. Get your Free statement of Contribution to Pension fund in Germany here. Being a national of a non-contracting state means that Germany and your home country have not signed any social security agreements. If you are employed in Germany, you are automatically required to set aside money for your retirement. Learn how. Copy of Abmeldung (Final De-registration), if any. Germany also pays regular pension benefits to expats who have returned to their home countries – no matter where in the world they are – directly into their bank accounts. We are experts on this topic and our experience goes back until 2007. The pension contributions in Germany will be included in their pension in their home country. Germany Pension Refund Non-EU citizens can claim back their German pension contributions (about 9.5% of salary) 2 years after leaving Europe, if they were paid into pension fund for a period under 5 years. Germany has also concluded social security agreements with numerous countries (contracting-states). While you were employed in Germany, compulsory pension insurance premiums of 9.3%* were taken out of your gross salary and paid to the “Deutsche Rentenversicherung”. But if you plan on leaving the country, don’t worry, those contributions aren’t lost forever! 1 SGB VI grants you the right to reimbursement of your pension contributions if you are not subject to compulsory insurance and have no right to voluntary insurance. Many believe that it is impossible to get a German pension refund … Fundsback explains how you can get your money back: either as a lump sum refund, or a regular pension benefit. Yes you can. If you are employed in Germany, you are automatically required to set aside money for your retirement. The Deutsche Rentenversicherung and the German Social Code distinguish between different groups of Expats, related to your nationality: This group consists of nationals of the European Union member states (EU), nationals of the European Economic Area (EEA), and nationals of Switzerland. However, this is subject to the fulfilment of the so-called “waiting period” of five years. Drawing an old-age pension from Germany is very lucrative, because regular pension increases in Germany also apply to all pensions paid abroad. Check your eligibility. - If you have not reached the German age for retirement, you should wait the 24 month period, which starts from the day you leave Germany. Check how much you will get back with our free refund calculator. With a gross monthly salary of, for example, 5.000 euros and a 6-year period of employment in Germany, you would receive a pension of approximately 140 euros per month. However, you must wait two years after you leave Germany before claiming. Note that only the employee contributions are refunded, not the employer's. Fundsback’s fast and uncomplicated Pensioncheck service can make an enquiry on your behalf. Legally you are treated equal to German nationals in terms of social security. We can help you save a lot of time and effort besides the paperwork and end-to-end communication with the German authorities. Germany places fourth in ranking of the best countries in the world, IKEA launches “Buy-Back Friday” in Germany, Germany announces new tougher restrictions for coronavirus hotspots, Germany to implement a second, limited coronavirus lockdown. So you cannot make a refund claim as long as you are in EU/EEA/CH.

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