Family: Income limit for parental allowance falls

Family
Income limit for parental allowance falls

In the future, couples will be able to receive parental allowance up to a taxable annual income of 175,000 euros. photo

© Fernando Gutierrez-Juarez/dpa

Who gets how much parental allowance? The Bundestag has changed the entitlement regulations for the new year.

Parents with particularly high incomes will not be entitled to this from next year Parental allowance more. The Bundestag significantly lowered the income limit.

Couples can only receive parental allowance up to a taxable annual income of 175,000 euros if they take a break from work to have a child and do not earn any money as a result. There is a limit of 150,000 euros for single parents. This is a significant change, as previously there was an income limit of 300,000 euros for couples and 250,000 euros for single parents.

In addition, couples should still be able to take parental leave together for up to 14 months – but staying at home together and receiving parental allowance at the same time should only be possible for one month within the first twelve months of the child’s life. There are exceptions for multiple births and premature births.

dpa

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