Poll: As a freelancer how do you manage your pension? Thread poster: ProZ.com Staff
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This forum topic is for the discussion of the poll question "As a freelancer how do you manage your pension?".
View the poll results »
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I am living on my pension from the 20 years I worked as a staff translator at an EU Institution. My freelance income supplements my pension.
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Paul
Germany
Local time: 04:59
German to English
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Very interested to hear how other people do it. I have bits of pensions in the UK, Spain and Germany, and currently am paying a small amount each month for a German pension (registered as an artist and the government pays 50% of what I put in) - won't be much I imagine. As I approach 40, this is something I'm thinking more and more about. However, my mother died at 57 without being able to use her pension... I also don't even know where I will end up. Anyone else in the same situation?
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Samuel Murray 
Netherlands
Local time: 04:59
Member (2006)
English to Afrikaans
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| I rely on the state... | May 18 |
...but I don't understand that comment about income-based pension. What does that have to do with the state? It might help if we could figure out what country the poll asker is from. Maybe state pension in his/her country is income-based in some kind of way?
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Zea_Mays
Italy
Local time: 04:59
Member (2009)
English to German
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Samuel Murray wrote:
...but I don't understand that comment about income-based pension. What does that have to do with the state? It might help if we could figure out what country the poll asker is from. Maybe state pension in his/her country is income-based in some kind of way?
In Italy, it is also income-related (=based on the amount you have paid in over time - calculated according to your income). There is also a minimum pension that you'll get in any case.
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Zea_Mays
Italy
Local time: 04:59
Member (2009)
English to German
+ ...
please delete
[Bearbeitet am 2024-05-18 11:24 GMT]
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Samuel Murray
Netherlands
Local time: 04:59
Member (2006)
English to Afrikaans
+ ...
Zea_Mays wrote:
In Italy, it is also income-related (=based on the amount you have paid in over time - calculated according to your income). There is also a minimum pension that you'll get in any case.
Aaah. The Dutch state pension is not based on how much you have earned during your life or during your last job or something like that. It's a fixed amount based on the number of years that you have lived in the Netherlands (even if you have not worked at all during your entire lifetime, you still get it and you still get the same amount as someone who has worked all their life).
It's true that the pension is funded by income tax, and that your income tax is based on how much you earn... so the contributions are income-based, but the pay-out isn't.
[Edited at 2024-05-18 14:13 GMT]
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| State plus private pension | May 18 |
The state pension covers the basics - if you have lived 40 years in Denmark before reaching retiring age, which I had not. On the other hand I was entitled to a small amount from the UK for the time before I came to Denmark. Most people are expected to have a private pension scheme as well, but mine is not very large. My husband has a similar scheme, so the house and essentials are covered. He grows a lot of fruit and vegetables in the garden, so our food budget is low, and I still earn a little... See more The state pension covers the basics - if you have lived 40 years in Denmark before reaching retiring age, which I had not. On the other hand I was entitled to a small amount from the UK for the time before I came to Denmark. Most people are expected to have a private pension scheme as well, but mine is not very large. My husband has a similar scheme, so the house and essentials are covered. He grows a lot of fruit and vegetables in the garden, so our food budget is low, and I still earn a little from work, although until last year I hit a tax limit before the end of each year. If I earned more than a certain amount, both our pensions were reduced, and after that, I only got to keep about 16% of what I earned!
The rules have been changed to encourage people to keep working - my husband's pension is no longer affected, and the limit is higher before mine is reduced, but there has been less work for some time. Still, we can afford to travel a couple of times a year and visit our widespread family, so we can't complain.  ▲ Collapse
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Have been paying in monthly for 30 years. Should give me enough to live off even without my partner’s civil service pension.
State pension in Britain is tiny, but is enough if you own your home.
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