Paying In

Vodafone is happy to help with your pension: we give you a base monthly contribution which is as a rule based on your income – just like that!

Yet if that were not enough, you can also choose to pay additional contributions into the Vodafone Pension Plan – you decide whether it is a one-time payment or contributions out of your monthly base salary. This means we offer you a flexible system to prepare for your retirement – based entirely on your needs.

Additional voluntary contributions – giving your pension a boost

You can make additional voluntary contributions to your company pension from your monthly base salary (including supplements) or through one-time payments. Contributions are tax-free and amounts equivalent to up to four per cent of the income threshold are not subject to social security deductions either. Only when your pension is paid out are there taxes and social security deductions for health and nursing insurance – however, the tax rate is usually lower when you are older.

Taking control of your pension

You can improve your retirement even more with additional voluntary contributions. How much you would like to pay in is entirely up to you. You can change your mind at any time – to whatever suits your life at that point.

Additional monthly contributions

If you decide to make additional monthly contributions, you will forgo another percentage of your gross base salary (including supplements and, for commission earners, 50 per cent of your target commission) in addition to your base contribution. You can pay up to 80 per cent of your monthly salary into your Vodafone Pension Plan.

One-time payments

Annual one-time payments such as bonuses, holiday pay or Christmas bonuses can also be paid into your company pension – you decide each time before they are given out.

Important: you have to record your decision on the portal in good time before receiving the payment. You will find the deadlines for this below. If you miss a date, you can always decide to make a monthly payment.

Furthermore, you can also make one-time payments into your Vodafone Pension Plan: your severance, for example, if you leave Vodafone before you retire.

Capital accumulation benefits from your employer

Making money at the click of a mouse

As an employee covered by a collective agreement, you are entitled to additional ‘capital accumulation benefits’ (vermögenswirksame Leistungen, vL). These are benefits that are governed by your collective agreement and can be used to build your pension assets. Vodafone invests these benefits directly into the investment products you have selected; it is not possible to have these benefits cashed out.

One option for your ‘vL’ benefits is your Vodafone Pension Plan. The only requirement is that you are already participating in the Vodafone Pension Plan and paying in the base contribution. Simply record your decision to pay in vL benefits online on the portal – you do not need to do anything else! If you already have an existing vL contract, you can terminate it with the relevant financial institution and switch to the Vodafone Pension Plan.

Pay in vL benefits

Decide for yourself and stay flexible

The Vodafone Pension Plan gives you lots of room to make your own decisions, with the result that you can flexibly adjust your pension to your needs at any time.

Important dates

Please observe the cut-off date for each month when choosing your contributions.

The general rule is that all decisions must be made before your monthly salary is paid or the relevant one-time payments are made. These cut-off dates are generally in the first week of the month – though you can record your decision online on the portal at any time. What does that mean? If you are certain at the beginning of the year that you want your next Christmas bonus to be paid into your Vodafone Pension Plan, you can record this decision months in advance.

Cut-off dates for 2024:

  • 03th Januar 2024
  • 03th February 2024
  • 03th March 2024
  • 03th April 2024
  • 03th May 2024
  • 03th June 2024
  • 03th July 2024
  • 03th August 2024
  • 03rd September 2024
  • 03rd October 2024
  • 03rd November 2024
  • 03rd December 2024

Paying into your pension and implications for tax and social security

Your contributions to your Vodafone Pension Plan are funded from your gross pre-tax salary – which means that they reduce the income that is subject to tax.

Your contributions – up to an amount of four per cent of the income threshold – are also free from social security deductions.

Your pension is subject to tax and social security deductions only when it is paid out. However, your tax rate will usually be lower in retirement than during your working life.