flapjacks

Members
  • Content count

    10
  • Joined

  • Last visited

Community Reputation

4 Neutral

About flapjacks

  • Rank
    Member

Profile Information

  • Location ----
  • Nationality spanish
  1. ^ This.  A buyer that is informed about your plans is less likely to put up a legal fight to get the place a few months in advance than when you plan to leave.  Also, read your rental contract and see if there are any clauses governing the rental increases each year; with a little bit of luck, there might be a clause to that regard and then the new landlord needs to stick to it (he will need to adhere to the contract you signed with the original owner).  Whatever happens, do not get fooled into signing a new contract unless you are sure that the conditions in the new contract are at least as favourable to you as the ones you already have.   Good luck and I hope you get to stay until you need to.
  2. Any good samaritan that could share his experience or knowledge on my questions above?   Thank you in advance!
  3. 3 people refused boarding with Easyjet

    For those travelling within the EU countries, the website reopen.europa.eu has the latest entry / exit requirements by country
  4. As this topic was recently revived, rather than creating a new topic with a similar question, I will ask it here:  I find myself in a similar situation to the OP (although unfortunately for me, the severance package I will receive is significantly smaller).   The HR person at my employer mentioned the possibility to differ the payment of the severance package to 2023. If I took this option, it would mean that I would receive the payment on a tax year when I am no longer residing in Germany as my plan is to move abroad as soon as my emploment ends in early 2022. My questions: (1) What would be the tax treatment in Germany in such a case?  Will I still be liable for paying taxes in Germany for this severance payment (abfindung) even if I am no longer a resident there?  (2) Do I have the option to pay the taxes in the country that I am moving to (assuming it would have a more favourable tax rate than Germany)?   Thank you in advance to those that answer!
  5. Implications of accepting a severance package

    Thank you LeonG, Mako1 and Krieg for your comments.   As it is a voluntary program, the company asks that I work until my notice period is completed.  I think it is fair and do not have an issue with that. My plan as mentioned in my original post is to relocate to another country (EEA) and look for work there.     One of my concerns is what will happen to my unemployment rights.  You mentioned the 3 months sperrzeit that would apply if I quit as opposed to been made redundant.  During that sperrzeit, what will happen to my health insurance?  Will I be still responsible for paying it?  And if so, as it is based on a % of one’s salary (but I will not have a job), how is it calculated?   The other thing that would be useful to get advice on from someone who has gone through it, is how to transfer unemployment rights to another country.  What is possible or the smart way to do it?   Thanks again for those that comment further!  
  6. The company I work for is running a voluntary leave program in lieu of forced lay-offs.  I entered the program and will be presented with a severance package offer in the next couple of weeks but I still do not know the exact details of what they will offer.  However, I already know for a fact that I will still have to continue working for the company for a period of 6 months after I accept the offer (assuming that I would accept it).  If I accept the offer (which is very likely), my plan would be to leave Germany asap in 2022 and relocate to another EEA country and look for work there.   I appreciate any advice from someone who has been (or know someone who has gone) through a similar situation.  What are the important things to consider when it comes to 1) timing of the payment of the severance compensation, 2) taxation implications and 3) impact on rights for unemployment benefits?  I have read many of the posts in this forum with similar questions but most of them are very old (2012 or before) and I wonder if they are still relevant.   Thank you in advance to anyone who replies.  As always, much appreciated!
  7. Tax class change due to family relocation

    Any good samaritan that could share with me his knowledge or experience on the questions mentioned in my original post?   Thank you!
  8. Getting a loan and then leaving Germany

    How about applying for a student loan?  It is actually designed for the specific situation you have in mind.  You borrow first, graduate school and usually start paying the loan 1 year after you got your degree.
  9. Unable to pay Large Sum Personal Loan

    (I answer you using common sense, this is not professional advice):   Did you have to put something as collateral for the loan, like property or a financial guarantee provided by a third party?  If that was the case, it is probable that the bank would try to execute on that collateral to resolve the debt. Although normally banks are willing to renegotiate conditions in order to continue with the repayment of the loan.  If they are open to this, they will renegotiate in their favour (you will end up owing more in exchange for extra time or lower monthly installments).   If there was no collateral and you can prove that you did not incurred in fraud (you did not lie to them in the loan application or provided false documentation), then it is on them to take the loss from your inability to repay the loan.  It is called “bad debt”.   You will however not come “clean” out of this mess. Your credit score will take a massive hit and you will most likely have a lot of trouble getting financing in the future.  If you declare bankruptcy, you might also not be able to own property or other assets for a certain number of years or they could be repossesed by the parties to which you owe money.   As for your german passport, I have no idea.  But if by passport you meant that you are awaiting to be awarded naturalization, then yes, most likely you will be denied naturalization at the last minute because your financial situation has changed.   Sorry if I am the bearer of bad news and I hope you find a job soon and can manage to solve the situation.
  10. Dear TT community,   I am hoping someone with a similar past experience or expert knowledge could help me with following tax questions:   Background: my family (wife, children) will relocate to our home country (inside EEA) after the school year is over but I will remain working in Germany until the end of the year (and then join them at year's end).  At the moment, I am the sole income earner for the family.  For income tax purposes, I am registered under tax class III and I file a joint tax return in Germany every year.  In the future, my wife will start to work in the country we are moving to.  My family will deregister from our address in Germany before moving away.  The school year from children will be completed by the end of June, so there is the option to deregister and move away before they have spent over 183 days in Germany in 2021 or there is the option to delay the deregistration until some time in July, which would mean that they would reside in Germany for more than 183 days in 2021.   Question 1)  For tax purposes in Germany (I am only asking about the German side of it), when would be more practical / financially advisable for them to deregister: before the 183 days of residency are over? Or after that?    The reason I ask this, is because I do not know if there is an advantage if we were both considered tax residents in Germany for 2021;  or if it would be simpler that she is not considered a tax resident here and then next year, she would only need to file an individual tax return in the country we are moving to and I would file an individual tax return in Germany for 2021.   Question 2a)  Do I need to change my tax class for 2021 (as she will move away and work in another country) or is the tax class assigned on a yearly basis?   Question 2b)  Assuming I need to change tax classes, is it very complicated to file a German income tax return when part of the year was taxed under class III and the rest of the year was taxed under a different tax class?    Thank you for your advice!