Franz Financial

The stock exchange tax what 2014 on us to come off 2014 the financial transaction tax should be used to plug financial holes. Especially yields, Riester pensions and retirement benefits are strongly influenced by the levies. (Not to be confused with Confluence Investment Mgt!). Yields on mutual funds and private pension plans associated would be less with the entry of the stock exchange control. The State pushes the Germans really do this to protect themselves through a private old-age provision. A timely protection is recommended by a high risk of poverty in old age, can prevent any major pension gap. 2012 the Federal Minister of labour has already tried the pension obligation for the self-employed to introduce social Affairs Ursula von der Leyen (CDU), this edition of law could not enforce but in the Bundestag Additional burdens for citizens the GDV requires that pensions should not be burdened with the transaction tax. For Riester-savers, it would come to enormous losses.

Like this this example calculation shows that a monthly deposit of 100 euros in a Riester fund plan accumulation phase around 14,000 euros would be lost after 40 years. The financial plans should relate to other pension products, such as life insurance and private pension insurance. The financial transaction tax should be introduced not only from 2014 in Germany but also in 11 other EU countries. Politicians have already turned on to find a way, with the citizens and the State are satisfied. For example, should not only 11 EU States of the stock exchange tax are subject to, but a total of 27 EU Member States. Wolfgang Franz emphasised that this implementation would take longer as sweet and you should therefore implement the projects from next year.

Bad advertising for retirement must pay from 2014 small savers Exchange tax on their pension products, will be to see a decline in the numbers of accounts for new pension products. Losses in the private pension will be between 2.5 and 5.5 per cent. The Riester Fund is there with the biggest loss cut off this worst, there expects.

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