2018 – That’s changing with money – Cheap loans in the credit comparison.

From time to time there are also one or the other change in taxes or insurance conditions during the year. The main date for innovations is and remains the 1st of January of a year. So again in 2018, when there is something new to consider. The most important points in the overview:

News about the statutory pension

News about the statutory pension

For the year 2018, the legislator has planned two changes, both of which bring benefits to depositors and subscribers. On the one hand, the contribution rate should fall from 18.7 percent to 18.6 percent. Not much, but with a gross income of 3,000 usd per month, this means a relief of 1.50 usd.

If wages and salaries develop as expected in 2018, the 21 million pensioners can count on a rise in pensions of around three percent.

The annual adjustment of social security standards

The annual adjustment of social security standards

Also for the new year, new income thresholds for social insurance apply. For the statutory health insurance, it looks like this:

Contribution assessment limits, contribution rates and compulsory insurance limits 2018 Federal territory
Contribution assessment limit annually 53,100.00 USD
Contribution assessment limit monthly 4.425,00 USD
contribution rate 14.60%
Contribution rate employer share 7.30%
Contribution rate employee share 7.30%
Additional contribution rate (pay by employee) funds individually
Insurance limit annually 59.400,00 USD
Insurance limit monthly 4,950.00 USD
Insurance limit annually 53,100.00 USD
(only for employees who were PKV-insured on 31.12.2002)
Insurance limit monthly 4.4250,00 USD

While the contribution rates to the health insurance fund have an effect on whether an employee has a private health insurance, raising the income threshold in the pension insurance also affects a different group of people. We are talking about all those who use an employee-funded occupational pension scheme. Funded are four percent of the income threshold for the statutory pension insurance.

Contribution assessment limits and contribution rates 2018 west east
Contribution assessment limit annually 78,000.00 USD 69.600,00 USD
Contribution assessment limit monthly 6.500,00 USD 5,800.00 USD
contribution rate 18.60% 18.60%
Maximum contribution monthly 1.209,00 USD 1,078.80 USD

 

For the unemployment insurance, the following data apply:

Contribution assessment limits and contribution rates 2018 west east
Contribution assessment limit annually 78,000.00 USD 69.600,00 USD
Contribution assessment limit monthly 6.500,00 USD 5,800.00 USD
contribution rate 3.00% 3.00%

 

The rates for statutory long-term care insurance are as follows:

Contribution assessment limits and contribution rates 2018 Federal territory
Contribution assessment limit annually 53,100.00 USD
Contribution assessment limit monthly 4.425 USD
contribution rate 2.55%
Contribution rate for childless members * 2.80%
Maximum contribution monthly 112,84 USD
Maximum contribution monthly for childless members * 123,90 USD

* From 1.1.2005 there will be a surcharge for childless members from the age of 23 who were not born before 1.1.1940.

Child benefit

child benefit

Even though the child allowance is just a drop in the tub when it comes to the cost of diapers or a daycare, parents can look forward a bit. For the first and second child, the child benefit increases to 194 usd a month.

Reform set

Hartz IV set

The rate for unemployment benefit II increases from 1 January to 416 usd for singles and to 374 usd per partner in couples.

Development of the Reform ruleset since 2005

Bureaucratic

However, the legal changes are not just about things that are reflected in cents and usd, but also on bureaucratic innovations.

The tax declaration

From 2018 taxpayers will be subject to the “document retention requirement”. This means that taxpayers are no longer forced to submit the documents with the tax return. All you have to do is store them and submit them when required.

Credit card fees for online purchases

Credit card fees for online purchases

The regulation, which will be effective from 13 January, will delight almost all consumers. On the one hand, the liability for credit card misuse is limited to a uniform 50 usd. On the other hand, online merchants may no longer charge any additional fees for payment by credit card from this date.

From the end of the year, real-time bank transfers within the USDzone will be possible.

Streaming services in other EU countries

Anyone who subscribes to Tvcast or other streaming services will also be financially relieved. From 20 March 2018, the so-called geo-blocking will be omitted. Users of these services no longer have to pay separate fees as of this date if they are watching a film in another EU country.

Byebye 500 USD bill

Maybe one or the other has already held him in his hands. But the ECB’s 2016 decision will be followed by action in 2018. The issue of the 500 USD bill is discontinued. But that does not mean that bills in circulation lose their value!

Increase in the car tax for new cars

Increase in the car tax for new cars

From 1 September 2018, new cars will probably incur higher taxes. Anyone planning a car purchase next year, should keep this appointment in mind. The reason for this is the new exhaust test WLTP. There will be no change for already registered vehicles.

New registrations from 31 March 2018 must be equipped with the e-Call emergency call system, which automatically calls for help in the event of a serious accident.

EU Package Travel Directive with light and shade for consumers

EU Package Travel Directive with light and shade for consumers

The new package travel policy brings good and less good. On the one hand, consumers will in future have a period of two years to assert possible claims against the organizer. So far, the deadline was only four weeks after the end of the journey.

On the other hand, from July onwards, travel providers can increase the price by up to eight percent up to 20 days before departure. This is possible if, for example, the cost of kerosene has increased. So far, only five percent were allowed.

But there is another innovation concerning the state. From May 2018, the Federal Criminal Police Office will save all passengers who are traveling or coming from abroad

  • Surname
  • seat
  • flight number
  • IP address of all foreign passengers for a period of five years.

More transparency for builders

From January, developers or construction companies must explicitly hand out detailed building specifications to builders that allow them to compare the different offers. In addition, the construction companies must name a binding date for the completion of the property.

The cancellation period of such a work contract is 14 days in the future.

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