THE GUARDIAN: Active pension scheme expected to start in January is part of chancellor’s ‘autumn of reforms’ to tackle economic stagnation
Germans who continue in the labour market beyond retirement age will be able to earn up to €2,000 (£1,750) a month tax-free on top of their pension under a scheme aimed at boosting economic growth and labour force participation rates.
The “Aktivrente”, or active pension scheme, due to come into force in January, was promised on the campaign trail by the chancellor, Friedrich Merz, before he came into office five months ago.
The government, a coalition of Merz’s conservative Christian Democrats (CDU) and junior partners the Social Democrats (SPD), hopes the plan will incentivise post-retirement working.
A draft law is expected to be approved by the cabinet on Wednesday – after Merz won over his Social Democrat sceptics earlier this month – then debated in the Bundestag. » | Kate Connolly in Berlin | Wednesday, October 15, 2025
Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Showing posts with label pensioners. Show all posts
Showing posts with label pensioners. Show all posts
October 15, 2025
December 19, 2008
THE TELEGRAPH: More than half of Britons support The Daily Telegraph's savings campaign, a new YouGov survey has disclosed.
A total of 58 per cent backed the Justice for Pensioners campaign, which is calling for a suspension of tax paid by pensioners on savings and dividends.
It comes as millions of pensioners have seen the return on their savings and share investments - which they have prudently built up for their retirement - plummet following consecutive significant cuts in interest rates.
While the Bank of England has reduced rates from 5 to 2 per cent from the beginning of October, the average rate on a one-year savings bond has been cut from 6.2 per cent to 3.8 per cent per cent during the same period, according to the personal finance researchers Moneyfacts.
Around 30 per cent of those aged 55 or over rely on the interest from savings and dividends from shares. >>> By Myra Butterworth, Personal Finance Correspondent | December 19, 2008
The Dawning of a New Dark Age (Paperback & Hardback) – Free delivery >>>
Subscribe to:
Posts (Atom)