living in germany
Banks and Insurance
In Germany, many financial transactions are carried out without the need for cash. For cashless payments, current accounts are used. With a current account it is possible to carry out all payment transactions. Pay money to the account For example by transfer or cash income and charge amounts on account, for example, by cash withdrawals and charge amounts on account, direct debit payments, permanent payment orders. The main purpose of the current account is the payment of bills and current expenses such as rent, electricity. Salaries are also transferred directly to a checking account. Thus. It is advisable to open an account in a bank, especially if you work.
Check with the bank of your choice if you wish to open a bank account to find out about the conditions and costs, as these can vary a lot. Also ask what documents you need to present to open the account.
Frequently the banks offer credits for large acquisitions. In such cases, the bank usually demands the payment of interest for the money lending, which can be high. Think about it very well before signing a loan. Keep in mind that you may have to pay the credit for many years and that your income may also vary. Inform of all the details, check the seriousness of the offer and compare several possibilities.
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Seek professional help when you notice that you can not continue paying a loan. In all the big cities of advice for debtors. Employees of adult immigration counseling services can also help you.
CREDIT IN DISCOVERY
If you have a checking account, your bank will grant you, often a short credit, also known as a current account or overdraft. . By means of which, you can spend more money than you have available in the account, up to a certain limit. This guarantees flexibility for short-term expenses, but the interest can be much higher than a normal credit. Therefore, it is advisable to use these credits only if you need small amounts of money for a short time.
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Compulsory Social Security
The German social security system is a legal social insurance scheme that offers effective financial protection against life risks and their consequences, such as illness, unemployment, age and dependence. It seeks to guarantee each individual a stable standard of living, provides help and takes care of retirement pension, when people reach the end of their working life.
Social security is a compulsory insurance. Half of the compulsory social security fee is paid by the employer. The other half is paid by the workers through automatic retention of the corresponding amount of their salary. There are two exceptions for medical insurance, workers pay a little more than employers, but in return, employers pay the full amount to accident insurance. Through these quotas, you acquire the right to obtain benefits from the different areas of social security.
The contribution to social security depends mainly on income. However, for medical insurance and pensions, the rule is applied that the quota does not continue to increase after a certain level of income, a maximum limit of the social security contribution.
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Insurance and Pension
In principle, workers are covered by mandatory pension insurance. This insurance provides them with economic coverage in old age. As a general rule, until 2012, you received a retirement pension from the age of 65, and from that year the retirement age will be gradually increased to 67 years. As of 2029, this retirement age limit will apply to all those born after 1964. However, there will also be exceptions, for example, for those who have been paying for a particularly long time in pension insurance. Pension insurance also helps you if you limit your ability to work in the course of your working life, that is, if you can not work more because of an illness or disability or you can do it partially or if you become widow or orphan.
It is important to know that the retirement pension of a legal nature is lower than the income received during the working life. To maintain your standard of living during old age, it is advisable to supplement the compulsory retirement pension insurance with another type of private pension insurance.
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Compulsory medical insurance provides assistance to you and your family in case of illness. Additionally, this insurance assumes the payment of many of the costs of health prevention, such as visiting the dentist, for example. Pay for habilitation treatments and cover the costs of birth of your children. If because of an illness you can not work for a long time and because of them you do not receive a salary from your employer, the health insurance pays you a sickness benefit in compensation (krankengeld)
For workers insurance is mandatory up to a certain level of income, general or special annual compensation limit. From this limit you can choose between belonging to the average compulsory insurance or private health insurance. You must choose between one of these two provisions. It is not possible to completely dispense with health insurance coverage.
It is important to know that if you are a self-employed person you can also choose between being insured with compulsory medical insurance or with private insurance. However, private health insurances frequently present differences in their prices and services. Find out exactly and compare several offers. Employees of counseling services for adult immigrants could also help you.
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LIVING IN GERMANY
ENTER IN GERMANY
Demands on immigration matters.
About the regulation of conyge
German for professional purposes
INFORMATION AND ORIENTATION
Advice for adults
Advice for immigrant youth
Special programs and individualized advice
Attention to the citizen, federal immigration office
Internet as a source of information
RESIDENCE AND NATURALIZATION
Office for people belonging to the European Union
Office for people not coming from the European Union
Right of residence
Types of residence
WORK AND PROFESSION
Homologation of titles
Professional orientation, employment placement
Continuing professional training
Creation of a company and work on its own.
Housing LIVING PLACE
State aid social housing
Rentals and lease law
CHILDREN AND FAMILY
Pregnancy and protection of motherhood
Subsidy for childcare
Family benefit for dependent child
Options for child care
Dispute and crisis family violence
SCHOOL, PROFESSIONAL EDUCATION AND UNIVERSITY STUDIES
Types of School
Special educational support program
Requirements to access university studies
HEALTH AND PRECAUTION
Care in case of illness or accident
Care in your mother tongue
Preventive medical exams and vaccines
Health prevention and childhood vaccination
Sexually transmitted diseases assistance
Assistance in case of addictions and drug use
Assistance for disabled people
INSURANCE AND BANKS
Mandatory social security
Insurance for people and goods