German Payslip Explained | Gross Salary & Net Salary, Income Taxes, Social Security, Pension

German payslips are pretty confusing with a lot of numbers and abbreviations. Many expats in Germany are surprised when they receive their first net salary and see that almost have of their gross salary is deducted. Our example payslip has almost 5.000€ gross and less than 3.000€ net.

🤔 What happened in between?
🤔 What does gross & net even mean?
🤔 How much taxes do you have to pay in Germany?
🤔 How much social security are you paying in Germany?

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00:00 Intro
01:31 Difference between Gross Salary & Net Salary
02:11 Personal Data (Taxes, Health Insurance, etc)
04:08 Parts of Gross Salary (company car, etc)
05:45 1st Big Deduction: Taxes
06:53 2nd Big Deduction: Social Security
09:13 How to Increase Net Salary

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Видео German Payslip Explained | Gross Salary & Net Salary, Income Taxes, Social Security, Pension канала PerFinEx - Personal Finance for Expats in Germany