SteuerGo FAQs

(2023) What should I enter for the pension adjustment?

For pension adjustments, you must specify the difference between your current monthly pension and your pension from the year in which the pension allowance was set. This tax allowance is set in the year following the start of your pension. The pension allowance is valid for life. You can find the pension adjustment on the pension adjustment notice or ask your pension provider or insurance company. This means that all future pension increases are fully taxable, as the allowance remains unchanged despite the increases.

If you retired in 2013, the pension allowance was fixed for you in 2014.

Example:

The pension adjustment is the difference between the pension payments from 2013 and 2023. If pensions are adjusted, this usually happens on 1 July of a year.

Pension payments 2014: 6 x 1.050 Euro + 6 x 1.056 Euro = 12.636 Euro
Pension payments 2023: 6 x 1.380 Euro + 6 x 1.420 Euro = 16.800 Euro
=> Pension adjustment = 4.164 Euro 

To determine the pension adjustment for 2023, subtract the pension payments you received in the second pension year from your 2023 pension payments.