Every person should start a new year with a great beginning and yes German people start year 2017 with 3 good news.
When we talk about good news then it’s automatically related to our better future or life. History says better life without money is not possible. (We know all happiness can be bought by money).
1st Good News: MINIMUM WAGE (MINDESTLOHN)
Every German has a minimum wage. They cannot earn per hour below that margin (Previous minimum wage was €8.50). Starting January 1, 2017, the Mindestlohn goes up by 34 euro cents to €8.84 per hour. The federal Mindestlohnkommission approved the new figure for 2017, an increase of 3.2 percent. The minimum wage rate in Germany is adjusted every two years, based on various economic factors. For comparison, the minimum wage in some neighboring countries: France (€9.67), Luxembourg (€11.12), Poland (€2.55), and the Czech Republic (€2.15). Austria and Switzerland have no minimum wage laws. More (in German): Gesetzlicher Mindestlohn ab 2017
2nd Good News: Parents receive more money to spend on children
The increase is too small, but when it comes to spend on children the every cent can help.
The German government provides money to parents called Kindergeld, which is paid monthly per child. Before January 1st, parents received €190 per child for the first two children, €196 for the third child and €221 for every subsequent child. These amounts have now increased by €2.
Kindergeld is paid until the child reaches age 18, or until age 25 if the offspring goes to university or vocational training.
Low-income households that qualify for a separate supplementary child benefit can also expect more money – up to €170 monthly for a maximum of €160 previously.
3rd Good News: Relief for taxpayers
This year also brings good news for taxpayers, explains Focus magazine. The basic personal allowance (Grundfreibetrag) is a part of one’s income not subject to tax. This is meant to ensure that the minimum amount of income needed to survive is not brought down by taxes.
On January 1st, this amount was raised to €8,820 for singles and €17,640 for married couples, up from €8,652 and €17,304 respectively.
We hope this initiative what german governments takes, people will like it. Last but not least if you like our post, please share it on your social network.