Author: Lucas Buerner

The €175,000 income threshold can determine whether parents receive parental allowance. Early tax planning of relevant income, deductible items and payment dates helps clarify whether the income threshold is met. ACCONSIS supports expectant parents in making targeted and economically sensible use of legally permissible planning options.

A severance payment is generally subject to income tax, but under certain conditions it may qualify for preferential tax treatment. The timing of the payment, the concentration of income in a single tax year and any other income received in that year are particularly important. An early comparison of different scenarios can help determine which arrangement is most advantageous overall from both a tax and financial perspective.