As of 2013, it is expected that all self-employed persons under the age of 50 must take out old-age insurance. This also introduces a compulsory pension insurance for the self-employed.
The Federal Minister of Labor Ursula von der Leyen (CDU) is currently working on a bill after the self-employed will in future be obliged to take out pension insurance. The minister wants to prevent the self-employed from slipping into old-age poverty later and relying on basic security benefits.
To whom does the pension insurance obligation apply? According to the Federal Minister of Labor, pension obligations for the self-employed should come into force in 2013. The first draft makes it clear who will be affected by the pension obligation. This means that the regulations should apply to all self-employed persons who are younger than 30 years of age when the law comes into force or only then start self-employment. It should also apply to the self-employed, those between 30 and 50 years who only become self-employed after 1.7.2013 (after a grace period) and for 30- to 50-year-olds who are already self-employed but not yet "sufficient" "have provided for old age.
It has not yet been finally clarified how high the minimum amount should be. An amount between 250 and 300 euros per month is under discussion. This is to ensure that the future pension is higher than the basic security. Former self-employed persons in pension should receive at least 700 euros pension.
Pension contribution for the self-employed in the statutory pension insurance Anyone who pays into the statutory pension insurance as a self-employed person has a standard amount. The federal government determines the amount each year. It is currently around 510.00 euros. The amount has to be paid in full by the self-employed because, so to speak, the employer's share that employees receive has to be paid. However, artists, home traders and freelance publicists are excluded. Anyone who has just built up an existence does not have to pay the full contribution. Entrepreneurs can pay half of the regular contribution per application.
Self-employed persons who are still not subject to compulsory pension insurance The self-employed persons who are older than 50 should be exempt from the law. Self-employed persons who earn less than 400 euros per month and members of professional groups who are covered by their professional pension schemes, as well as artists and publicists who are members of the social insurance scheme are also excluded. Also part-time self-employed, who work less than 20 hours a week and usually get most of the income from a non-self-employed activity are not affected.
It is advisable to find out now which pension insurance or investment form is suitable and whether you could be affected by this legal regulation yourself. (sb)