Help package: Families with children get the most benefit

Up to 1300 euros: Families with children especially benefit: the relief package gives you so much

Discounts on fuel tax and train tickets, more net wages, one-time bonuses for children and energy costs, removal of the renewable energy fee and relief in tax returns – the federal government wants to use these measures to ease the burden on people in Germany. But how much of it really counts? Experts did the math.

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Exclusively for FOCUS Online, digital asset manager growney has determined how much it relief package can contribute specifically.

It shows that families with children get the most benefit, the self-employed and single people are much less relieved. If the pension increase is included on 1 July, the pensioners also have more money in their wallets.

Relief package: More than 1300 euros for a family with two children

For a family with 2 children, the relief can amount to more than 1300 euros (employees, a total of 8000 euros gross salary per month and 30 km one way to work, petrol engine). But an East German retired couple also benefits from almost 1,100 euros (retirees since 2020, a total of 3,000 euros gross, petrol engine at 20,000 km / year). For comparison: A comparable pair of pensioners in the West have about 100 euros less because the pension increase is lower here.

The one-time payments for energy bonus and children show the strongest effect, calculated by growney experts. The effect on the monthly net salary (by increasing the basic benefit) is quite small – it is between ten euros a month for singles and more than 25 euros for very well-to-do couples.

Salary Check: Go to Gross-Net Calculator 2022

But: Since the change applies retroactively from the beginning of the year, employers should be able to correct pay slips retroactively. According to the Ministry of Finance, this should happen if it is “economically reasonable”. If the pay slips are not corrected, the employees will benefit from the tax return for 2022 – ie only in the coming year. Only then will the increased income-related expenses and the commuter allowance become noticeable. Although pensioners do not benefit from the one-off payments, they receive significantly more monthly payments from July due to the pension increase.

“The calculations show that the relief package will come into play,” said Thimm Blickensdorf, director of digital asset manager growney. At the same time, however, he points out: “In the current economic situation, an undesirable side effect is possible: More purchasing power in the market can further boost inflation.” Experts talk in this context about the wage-price spiral such as. the driving force behind inflation.

Small effect for the self-employed

The effect of the help package for the self-employed is minimal. A self-employed single person (3,000 euros / month, train passengers, no children) only benefits from a total of 475 euros. For an employee with the same earnings, it is at least 550 euros. A recipient of unemployment benefits II (“Hartz IV”) unemployment benefits of more than 780 euros (single, 2 children, public transport) – but the effect is primarily due to one-off payments and an increase in the child allowance.

However, the package of measures does not address a major problem with inflation: the drastically declining purchasing power of savings, for which there is no interest or even negative interest rates. According to the Bundesbank, this affects assets of around 2.9 trillion euros – and thus a large part of the assets in Germany. “Many people leave possible alternatives such as a globally diversified investment with ETFs unused, although experts like the Stiftung Warentest explicitly recommend it,” explains Blickensdorf of Growney. In recent years, an average return of more than seven percent per year has been achieved, also including difficult market phases such as the financial or corona crisis. The simple thought behind this: If the investment exceeds the price increase, investors avoid the effects of inflation.

growney’s calculation includes all relevant taxes except church tax. Also included are the supplement for long-term care insurance for childless people over the age of 23, the fixed income-related expenses (or the commuter rate, if higher), electricity consumption depending on the size of the household, petrol, etc. diesel consumption and the average cost of public transport (excluding children). Statutory health insurance and a basic pension (Rürup) of 18.6% of income were provided for the self-employed.

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