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Self-employed persons' pensions

Self-employed persons take care of their own statutory pension insurance arrangements. The amount of the pension and the contributions paid depend on annual income as stated by the entrepreneur in question and confirmed by the relevant pension institution.

Sickness insurance allowances are also calculated on the basis of income. Furthermore, the amount of income affects whether or not someone receives a part-time pension or unemployment security.

A self-employed person may set off his/her pension contributions entirely against tax. A beginning entrepreneur receives a 25% reduction in insurance premiums. If the entrepreneur has failed to make due payments and the contributions are dated, the pension received is reduced.

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XML Page updated on 04.04.2012
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