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42 Six by nine

About scook17

  • Birthday May 01

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  • Location Munich
  • Nationality British
  • Gender Male
  • Year of birth
  1. Given the topic comes up in the latest election discussions, maybe someone could explain to me the basis on why the German state insists on giving up your original citizenship to obtain German Citizenship?   In my case, as a British guy, this requirement is a non starter. No way would I consider this. Travel to and from my country of birth then becomes as a foreigner.    The only exception, forced on the German state, are EU citizens.   If you live, long term, in two countries, whats the issue with being a citizen of both? 
  2. Entitlement to an S1 Form

      Responsible for health care? So if you don't get a German pension, but get a UK one, then the UK pays some healthcare costs?
  3. Early settlement of mortgage

    Talking of offers, before the 10 year fixed mortgage expires, is it wise to sign up for another 10 years? At the end of 10 years does it just become a variable rate mortgage. It seems 5 years into a 10 year mortgage you can already agree another 10 year mortgage at the current, very low rates. Do most people opt for this?
  4. Domestic Photovoltaik-Anlage now free from income tax

      Actually that's what I do in summer. The heat pump anyway throws out cold air, like an air conditioner. Just stand in front of the outlet and see. If you route that cold air into the house, or simply not out of the house in the first place, it cools down the house. Aircon for free, but only whilst it's heating the hot water. If like me, this takes most of the day anyway, timing the hot water for use during the day, generates both hot water and cold air from the solar energy generated by the PV panels. You are otherwise just throwing that same cold air away, so why waste it.
  5. Public vs. private health insurance

      Nice plot. Are those figures for someone taking out a new policy, or what I should expect when I am 70?
  6. Public vs. private health insurance

    Jimmy, We filled in a form online, got an appointment with a vaccination centre, which was a local church hall. Went there and got vaccinated. No one asked for my insurance details, or for that matter for anyone else I know who went there. Sounds like you should pick another doctor.    
  7. Private to Public Health Insurance

      Panda, Are there not some age limits which also apply here? Otherwise someone could work all their life private system, then pre-retirement take a few years in a job paying very little and be 'forced' back into the public health system.
  8. Public vs. private health insurance

    On the subject of costs, you hear private is cheaper when people are younger, but more expensive when older. Can someone actually quantify this young vs old cost?   So for example Aged 40, premium = 500 Euros. How much would they (likely) be paying at 70? That's like 30 years worth of guessing I know, but I was just wondering.... A simple 1% annual increase in rate, is 673 Euros by +30 years, yet I am guessing this is too little? At 2%, in 30 years this is already 905 Euros a month.   Even a simple graph of age vs premium might give some insight into how much private really costs into old age.
  9. Getting a loan and then leaving Germany

    You might also consider studying part time, keeping your current job and not having to go into debt to finance study. University costs in the UK / USA are huge and IMHO not worth it if you can study in Germany the same or similar subject. The Open University (from the UK) offers many courses here in Germany, in English. Most German universities don't teach graduate level courses in any language other than German (presumably a deliberate choice) yet offer many post-graduate courses in English. Other foreign universities offer courses where you need to be present for only one semester or one year of a N year course. Given the covid restrictions, many universities actually moved 100% online for at least last year. Also certain employers will offer study alongside work, with one day a week or so at university.   Look online. Many US university students regret, getting into student loan debt and do not find the high paying job they seek. It seems to be a hit and miss strategy, leaving the risk at the door of people who are often too young to appreciate the consequences, later in life, if it all goes wrong.
  10. Declaring both freelance and normal income

      So as an example, 2021, assuming you earned ONLY freelance income   100K income = 34,670 Euros in tax as a single person, 23,988 as a couple. 105K income = 36,885 or 25,948 Euros for single/married.   So +5K in income results in +2,215 Euros in taxes, leaving you with +2,785 Euros. Marginal tax rate is 45%, you you get just 55% of what you earned. Results vary if you are married, have kids, pay/do not pay church tax.   Freelance income means you cover the social costs yourself, where as, as an employee half of these are covered by your employer in hidden salary that's added to the Bruto rate quoted to you. For illustration, 100K salary results in 14,591 Euros social costs to the employee and a similar amount again to the employer. A 100K Bruto salary (single person) results in only 56,839 in income, but yet again, it depends on many factors.   Calculator: 
  11. Declaring both freelance and normal income

    Luis, The overall income tax rate you will pay is on your combined income. If you really earn 100K in a full time role, you'll be paying a lot of in income tax on that additional freelance income, unless you happen to be married to a spouse who earns very little. There are various tax calculators you can use, but the marginal rate of income tax (what you pay on the last Euro) is quite high in Germany.
  12. Brexit, New residence permits

    Interesting read. I wonder if there is a similar group to RIFT in Germany?
  13. Risk of letting others know your IBAN

    Amazon is one of the better ones. It has two factor authentication for login. Whenever I add a new address it asks me to again enter the CCV number from the back of the card. But, not I would not give them my main IBAN number. Most people have an account for salary and use the same one for bills. Thus, a unexpectedly large direct debit could entirely empty the account. I think it's better to have an entirely separate account for paying bills etc. and just do an automatic payment monthly into that account.
  14. Well I used to run a UK company, back in the time when I lived there, which was sometime ago now. Anyway, as an employee you'll be added to the payroll, just like here in Germany. They will deduct UK income tax, national insurance (the German social taxes) and pay them in the UK for you.   However, the most important part is the visa. Without it you can do nothing, not even rent a flat or for that matter student accommodation. Once you have the visa they will let you in. Without it you may well be deported from the UK on arrival. Forget about ever getting a visa approved after that. Once you have the (presumably) student visa, you can rent somewhere, for which you may struggle as you have no history there. Take the university offered accommodation if you get the chance, as it will be cheap and far less hassle than the private rental market. The visa will also be needed to take up the employment there, as it's illegal for the employer to employ you otherwise.   You will also need to register for council tax, although you don't need to pay it until after graduation. This gets you listed on the database, which is important if you want a phone, apartment, bank account etc. on an easy basis.   After all this stuff, you have taxes. UK is April to April, not Jan-December, so it's a split year. Find a tax advisor in the UK and they will sort it out for you, but likely you'll also need to do something here in Germany once you have de-registered. I am sure there is a thread somewhere here on leaving germany....   Regarding covid, I would recommend getting both injections here and don't expect to find it easy to return. Germany permits only UK people with residency to come here, due to the delta version of the virus. Of course as no one vaccinated the students yet, where does it now spread most widely....    
  15. Well, may not be much, but capital income is tax-exempt up to a flat rate of the savers allowance of 801 Euros, or 1602 for those filing jointly. So presumably you could realize a profit of 801/1602 euros a year and gradually sell the stocks.   Tax rate after that is a fixed 25%, which may be attractive if you have a high income, as this is less than the max 42-44% you could be paying and it does not attract any social charges.   Was thinking for sometime about opening a brokerage account to hold shares, but mainly as a means to collect dividends. The FTSE100 dividend yield was claimed by  ( is 3.77% in 2020, but obviously varies from year to year. Around 21250 Euros would yield ~801 Euros in dividends vs. the almost zero in a bank account.