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State pension won't be nearly enough to cover your living standards. You'd still pay insurance (less than before retirement though) and taxes off your pension.
by wreath 6y ago
State pension won't be nearly enough to cover your living standards. You'd still pay insurance (less than before retirement though) and taxes off your pension. You still have to save on your own or go with an additional private pension scheme in Germany to somewhat be able to keep same living standards.
- GordonS 6y agoThis is true, state pension is enough to survive, but not enough to live. You should absolutely put money into work/personal pensions while you are young.