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The target is, by 2040, to have pension by 100% taxable. In parallel the deductible special expenses for pension insurance is increasing. So 80% of the employee’s share of pension cost are deductabke special expenses in 2015.The maximum is € 20,000 for a
single person and € 40,000 for married couple. Who goes into retirement in 2015, pays taxes on 70% of the pension.

The kindergarten grants are now actually paid up to children’s schooling. The finding of compulsory education has now become irrelevant.
In the evaluation of non-cash benefits now, beside the 96% method, the true and fair marekt value can applied. Of course, here is a clear documentation inevitable.

The tax threshold for such non cash benefits as well as for working lunch will be increased from 40 € to 60 €. The tax threshold for company parties rises to 150 €, the value of gifts should be included.

The BMF in its letter 30.09.2014 has brought some clarification of the travel expenses. Provision of meals on a business trips and temporary external assignment reamin evergreens. Accordingly, meals provided by the employer are NOT tax-exempted.. Tax-free are only the lump sums paid. This means in practice: If an employer is entitled to a lump sum a meal provided by the employer, value <60 €, the lump sum shall be reduced accordingly. The meal hereby is tax free. If the employer is, however, NOT entitled to a lump sum the fixed reference value, or, if meal has a value of from than 60 €, the full price is taxable.

The absence of more than 8 hours, even added together by repeated absences over the day, entitles to lump sum allowance. Does the absence go over midnight, the time can be added together and be transferred to the day ot the longest absence. Also regarding the return of clarity is given now. On a one-day official trip over midnight, the hours can be added to the previous day. On returning after midnight from multi-day mission, the after midneight hours can be counted as the day of departure.

When meals are provided shall be subtracted for breakfast € 4.80 and 9.60 for a lunch or dinner from the lump sum allowance. Under the new travel policy has also meals served in trains, ships or planes have to be counted as employer provided meals, which is deducted from the lump sum allowances.

Estimates show that in 2015, 32 million Americans will certainly have this kind of plan. Clearly, it has gone from being something that is good to need to an essential. This development in numbers is as a result of regular awareness campaigns. Even as lately as 5 years earlier, really couple of crew recognized that they could possibly acquire critical illness insurance policy. Through constant efforts by insurance business it is becoming clear that individuals prefer to avoid the tension with paying additional medical bills in case they acquire critically ill.

The most current data reveal that 1.4 million staff obtain heart attacks every year and 88 % recuperate well adequate to return to function. With numbers like this there is clearly require to do even more to get crew to spend in critical illness insurance coverage. Employers, unfortunately, are doing little about educating workers concerning critical illness insurance policy due to the fact that they currently supply health and wellness insurance policy as well as workman s settlement.

Why is it so important?

If you are like lots of people, you understand that eventually in your life you will get seriously ill. Your clinical insurance provider will certainly pay for many of your treatment expenditures however there are additional repayments that insurance will certainly not touch. You have to pay these out of pocket. If you consider that the ordinary amount for these expenses is $20,000 and also it could be as high as $100,000, it just makes good sense that people secure insurance policy for it. As a concern of fact, majority of ALL insolvencies in America could be directly linked to critical illnesses. Families simply don t have the cash essential to pay for these costs and also they turn to borrowing and asset fingertip.

Does critical illness insurance coverage possessed any type of conditions?

You could take out critical illness insurance provider if you have currently had a stroke, a heart attack, some kinds of cancer, Alzheimer s and also also Parkinson s disease. There are additionally many conditions that are not age-related that are covered so staff of all ages who have pre-existing conditions ought to seriously think about taking out critical illness insurance coverage.

When getting this type of insurance it could be tough to estimate simply exactly how much will suffice nevertheless, not a single person could forecast just how long you will certainly be ill and exactly how lengthy you will certainly run out work. The general guideline is to take out a plan that is equivalent to a year s income.