As an entrepreneur you are not subject to any statutory pension insurance obligation. In addition to private asset accumulation through investments in the own company and on the capital market, the conclusion of a Rürup pension (basic pension) is also suitable for old-age provision. Because it enables the payment of a lifetime pension, free choice of investments and offers tax saving potential through the deductibility of contributions as special expenses.
The Rürup pension is a private pension insurance. Unlike Riester and other private pension policies, it belongs to the first pillar of retirement provision, which entails noticeable tax advantages. Named after the economist Bert Rürup, the legislature introduced it in 2005 as an alternative to the statutory pension. The aim was and is to create a form of provision that is attractive for the self-employed, because it is also tax-advantaged.
It is possible to conclude a Rürup pension with the following forms of savings:
This article does not replace tax or legal advice in an individual case. Facts, current law, jurisdiction, documentation and implementation remain decisive.