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German Federal Council Approves Maximum Income Basis for Social Security Contributions for 2024

|Approved Changes|Germany
Germany

On 24 November 2023, the German Federal Council (upper house of parliament - Bundesrat) gave final approval for the maximum annual income basis for social security contributions for 2024. For pension and unemployment insurance, the maximum basis is:

  • EUR 90,600 for Western Federal States (old States); and
  • EUR 89,400 for Eastern Federal States (new States).

For health insurance and nursing ins…

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