Is house construction financing possible at all?

Addendum: Those who have paid in for 45 years receive 70% of their last net income as a pension.

Addendum: Whoever has paid in for 45 years receives 70% of the last net income as a pension.

If only it were that simple. Last year, simply having the boss massively increase the salary and sticking it to the pension fund is unfortunately not possible.

Addendum: Those who have paid in for 45 years receive 70% of the last net salary as a pension.

And why is the pension level then spoken of as just under 50%? That refers exactly to paying in for 45 years with a consistently average salary, doesn't it? Although that's probably based on the gross salary, so what you say may be correct, but that will soon have to be fully taxed and so on, so in my opinion this is a misleading comparison between "net income at the end" vs. "pension but taxes are still deducted".

And why is the pension level then specifically referred to as just under 50%? That exactly relates to paying in for 45 years at a consistently average salary? Although that is probably based on gross, so what you say could be correct, but that will soon have to be fully taxed and so on, so in my opinion the comparison of "net income at the end" vs "pension but taxes still have to be paid on it" is misleading.

That’s why you should start early to privately provide for yourself and close the pension gap. It’s neither new nor surprising that the statutory pension turns out rather poor nowadays.

Currently, no one retires at 67 yet, as the retirement age is being raised gradually. It will still take a few years until the first people actually retire at 67. Just to clarify that. And it should be clear that you have to provide for yourself privately. In the house-building forum, it is also worth clarifying that you should provide for yourself beyond the property or be prepared to sell it in old age. What will ultimately come out of the statutory pension insurance [GRV] remains to be seen. Especially the uncertainty about the actual pension level should be an incentive to take your own provision seriously and not calculate the rate up to the limit.

And why is the pension level of just under 50% being talked about now?

Because it is a statistical measure. The 50% means that the average pension corresponds to 50% of the average employee salaries. Many factors play a role here, such as the fact that one has not paid in for 45 years. Also, hardly any employee in their early 20s can have a salary like at the end (promotions, better jobs, independent of inflation). So depending on how well one personally performs, there is more or less than these 50%. The maximum would be around 70%, then the cap kicks in and it becomes less again. Purely mathematically, despite rising salaries. In a house-building forum, this "problem" will be known, that the pension is capped at the top. Maybe that's where the 30% from comes from ;)