Germany sees itself as a welfare state that considers the protection of its citizens as a priority. The German social security system can be divided into 5 main parts:
- Pension insurance
- Unemployment insurance
- Health insurance
- Care insurance
- Companies accident insurance
Though there are exceptions, most employees with a German employment contract or people working in Germany are liable to all parts of the German social security.
Contributions to pension insurance, unemployment insurance, health insurance and care insurance are divided equally by the employer and the employee while the companies accident insurance is paid only by the employer. To help you calculate exactly what your monthly contributions could work out to, please log onto www.german-taxation.de.
Source
Update 2/04/2008
Keep more of your money when transferring funds overseas!
If you want to move money abroad, from Germany or to Germany for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Why Fexco
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Main characteristics
Fexco will help you to keep your overseas money transfer costs to a minimum.
| Margin | 0.6% |
|---|---|
| Regulator | FCA |
| Fee | £10 < £5K or Free > £5k |
| Mini | £1K |
| Ccy | All (130 currencies, incl ‘exotics’) |
| Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
Get an online quote today
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.