Depositing, and the pension can start
A private pension scheme is essential to securing living standards in old age today. Because the statutory pension alone is no longer enough for this. In most cases, assets are built up over a long phase of savings, which will be paid out in the form of a lifelong pension at the beginning of a pension. But what if there isn't so much time left until the start of pension? Then the pension against single contribution, also called immediate pension, can be a good solution.

Turning Assets into Lifelong Pension
For this purpose, the single contribution is paid into a private pension insurance, which then immediately starts with a monthly pension payment – guaranteed and for a lifetime. This makes particular sense for people who are about to retire or who are already retired and have a higher one-off amount (for example, from an inheritance, gift, asset building, etc.). The capital can then be retired immediately and the insured person receives an agreed lifelong pension from it.

Facts about Pension against single contribution

• Lifetime pension payment – no matter how old the insured becomes

• Tax benefit: Only the share of income of the immediate pension is taxed.

• Waiting times possible: The payment does not have to start immediately, the insured can set a start in the future

• Pension guarantee period: If the insured person dies within the pension guarantee period, the pension is paid to the surviving population until the end of the guarantee period.

• Contribution return: The insured person dies (also outside the pension guarantee period) the remaining capital is paid to the surviving quarters

• Pension increase possible by an additional surplus pension, which is based on the surpluses generated

The pension against single contribution allows immediate hedging of the longevity risk and an additional pension income – for a lifetime. Individual advice can take into account the personal situation and find the best pension solution for a higher retirement income.