Quick updates
- From 4 March 2024, every employee in Germany is legally required to track their work hours. The employer must communicate this to their employees and give them access to a time booking system.
- Germany's labor shortage in the healthcare sector continues. To resolve this, the German government is relying on nurses immigrating from the Philippines to Germany. As of 2024, 6000 Flipinos nurses are working in Germany.
- More and more companies are asking their employees to come to the office. Employees are not thrilled about the move. But the work-from-home trend is on a decline.
- Bitcoin set a new all-time high. Crypto enthusiasts are expecting a big bull run in 2024 and 2025.
Taxes on crypto
You pay taxes on your crypto profits. The tax rate is based on your personal tax rate. But if you hold the crypto for more than a year, you pay no tax on the capital gains.
You also pay taxes on income from staking, mining, etc., but you have a 600 € tax allowance. This means that you pay no tax on profits up to 600€.
You can check on Koinly* for free (up to 10k transactions) how much gains you have made in a calendar year on which you must pay tax. You only have to pay if you download a tax report.
New on GermanPedia
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Use a VPN to surf the internet privately in Germany
After our research, we shortlisted the top four VPNs you can trust. These VPNs offer high-speed and reliable internet on a budget. Stream your favorite series that is not available in Germany via VPN.
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What can you do if you can't afford a lawyer?
The German constitution implemented legal aid to ensure that every citizen has access to justice regardless of their financial situation. If you cannot afford a lawyer, you can apply for legal aid at your local court. Legal aid (Verfahrenskostenhilfe) covers the lawyer's fee and court costs.
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Insurance Ombudsman: Resolve issues with your insurance company free of charge
Issues with insurance companies are very common. Some common disputes involve the insurer rejecting your claim or not reimbursing the whole cost. So, what can you do if you find yourself in such a situation? You can get support from the insurance ombudsman. The ombudsman evaluates the situation neutrally and decides. Moreover, you don't pay anything for the insurance ombudsman services.
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German word of the day
Verfahrenskostenhilfe
Legal Aid
If you cannot afford a lawyer, you can apply for legal aid (Verfahrenskostenhilfe) at your local court. Legal aid covers the lawyer's fee and court costs.
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Freebies
Check out our shop to download freebies like rental contracts, checklists, books, etc. We created several free products to make settling in Germany easy for you.
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Plan your holidays 🧳
I am too lazy to plan the holidays. This is why I prefer booking package holidays from travel portals.
Not only are they convenient but also cheaper when traveling with family. Moreover, you can filter the tours that you can cancel for free.
There are many travel portals in Germany. However, you can compare the offers from different portals on Check24.
TIP: The earlier you book your travel, the more you save.
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Expats guide to buying a house in Germany.
Buying a home in Germany is time-consuming and expensive. Educate yourself to make an informed decision. Download your copy today.
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Deals for you
Free insurance consultancy in English
Important types of insurance you should have in Germany
Personal Finance
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Free trading accounts
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Tax Software
NOTE: Investing involves the risk of loss Fixed account for 12 months (Festgeld)
- Up to 4.2% interest.
- Check offers from different providers here*.
Tagesgeld account for 6 months
- Up to 4.05% interest.
- Check offers from different providers here*.
Personal loan
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Wikipedia for foreigners to succeed in Germany
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Disclaimer
The information provided here is based on our own experience and in-depth research. The content might be inaccurate. It should not be considered financial, tax, legal, or any kind of advice.
We are not certified brokers or consultants. Always do your research and contact certified professionals before making any decision.
We finance our extensive work via affiliate links. Thus, some or all of the links in the post might be affiliate links.
We get money if you click on such a link or conclude a contract with the provider without costing you a cent extra.
Investment involves risk of losing money.
All links marked with the "*" are affiliate links.
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