Taxes, insurance & Co: This is how the effort pays off

Read here how you can secure allowances, premiums and cheap tariffs.

The entry of allowances is worthwhile. This means that from January 2013 you will have a net monthly salary increase. Taxes are reduced, for example, by travel expenses, expenses for work equipment and losses from renting and leasing a property.

Parental allowance

Married and working couples can increase the parental allowance by changing the tax class. Parental allowance is usually 65 to 67 percent of the average net income of the twelve months before the birth of the child. During this time, for example, if the woman changes from tax class V or IV to class III, her net income will remain higher - and she will secure a higher parental allowance. From 2013, the change will only bring more parental allowance if the new tax bracket was registered by the tax office at least seven months before the birth.

insurance

As of December 21, 2012, insurers will no longer be able to sell tariffs that differ according to gender. Instead, they offer so-called unisex tariffs. Private pension and health insurance, disability, accident and life insurance are affected. The regulation applies to newly concluded contracts. Anyone planning to take out a policy should clarify with the insurance advisor how the unisex change will work and should still take action if necessary: ​​www.versicherungen-der-sparkassen.de

Parental allowance 2013: Change tax class in good time

Example: A mother who receives 2000 euros gross wages 12 months before the birth of her child only changes to a cheaper tax bracket 5 months before the birth: in 2012, the change still has advantages, in 2013 her parental allowance is lower: due to the delayed change, the Original tax class used for the calculation of parental allowance.

Birth of the child … In December 2012 | … In January 2012 | less parental allowance

Monthly parental allowance after changing from tax class IV to III	882	823	59
Monthly parental allowance after changing from tax class V to III	805	691	114

Source: New association of income tax relief associations

From 2013, changing to a cheaper tax bracket will only result in higher parental benefits if the new tax bracket has been registered by the tax office at least seven months before the birth. If the tax bracket was only changed five or fewer months before birth and the child is born in 2013, the parents do not receive an increased parental allowance.

Parents should always have a tax expert examine a change in tax class in advance

In this post you read:

• This has to be done before New Year's Eve
• So the effort pays off