auswandern-toskana
auswandern-toskana
auswandern-toskana
Auswandern Ungarn Rentner: Your worry-free retirement in Hungary!
Do you dream of a relaxed retirement with lower living costs? Hungary offers attractive opportunities for retirees. Learn about the key aspects, from taxes to health insurance, and discover how you can make your dream of moving to Hungary come true. Need personal advice? Contact us for individual support.
The topic short and concise
Do you dream of a relaxed retirement with lower living costs? Hungary offers attractive opportunities for retirees. Learn about the key aspects, from taxes to health insurance, and discover how you can make your dream of moving to Hungary come true. Need personal advice? Contact us for individual support.
Do you dream of a relaxed retirement with lower living costs? Hungary offers attractive opportunities for retirees. Learn about the key aspects, from taxes to health insurance, and discover how you can make your dream of moving to Hungary come true. Need personal advice? Contact us for individual support.
Do you dream of a relaxed retirement with lower living costs? Hungary offers attractive opportunities for retirees. Learn about the key aspects, from taxes to health insurance, and discover how you can make your dream of moving to Hungary come true. Need personal advice? Contact us for individual support.
Planning your retirement in Hungary? Learn all about tax benefits, health insurance, real estate, and how to make your move stress-free. Find out more now!
Planning to spend your retirement in the sun? Hungary offers German retirees an attractive combination of lower cost of living, political stability, and a growing community of expats. At GoMovin, we understand that moving to a new country raises many questions. We, GoMovin, are your partner for a smooth transition and offer comprehensive support at every step – from initial planning to successful integration.
Overview: Why Hungary is attractive for German retirees
In recent years, Hungary has become a popular destination for German retirees. This is not only due to the lower cost of living but also because of the political and social climate, which appeals to many Germans. Furthermore, the availability of German-speaking services is a major advantage that facilitates moving and integration.
Lower Cost of Living
A key factor in Hungary's attractiveness is the lower cost of living. This applies to both real estate prices and everyday expenses. According to Merkur.de, the cost of living in Hungary is up to 40.2% lower than in Germany. This allows retirees to enjoy a higher standard of living with their budget.
Political and Social Factors
In addition to financial advantages, political and social factors also play a role. Many German retirees appreciate Hungary's political stability and conservative orientation. According to Merkur.de, 90% of interest in properties at Lake Balaton is politically motivated, including dissatisfaction with German policies regarding taxes, immigration, and perceived lack of freedom.
Availability of German-speaking Services
Another plus point is the availability of German-speaking services. In healthcare, legal advice, and the real estate sector, there are numerous contacts who speak German. This significantly eases communication and access to important services. Immocenter-Ungarn.com emphasizes that there are many German-speaking services available to facilitate the transition.
Optimise pensions: Secure tax advantages in Hungary
The financial aspects are a key element when planning your retirement in Hungary. Pension taxation, double taxation agreements, and the handling of money transfers play an important role here. At GoMovin, we help you keep track and optimise your finances.
Pension Taxation: Germany vs. Hungary
The taxation of your pension depends on whether it is a German statutory pension or a private or occupational pension. It's important to know the differences to correctly assess your financial situation.
German Statutory Pension: Taxation in Germany (after 2012)
German statutory pensions paid after 2012 are generally still taxed in Germany. This is regulated by the Double Taxation Agreement (DTA) between Germany and Hungary.
Private and Occupational Pensions: Taxation in Hungary (15% Flat Rate)
In contrast, private and occupational pensions are taxed in Hungary at a flat rate of 15%. This can be advantageous for many pensioners, as the tax rate is often lower than in Germany. According to wohnsitzausland.com, Hungarian pension payments are tax-free, while other income is taxed at a flat rate of 15%.
Double Taxation Agreement (DTA)
The double taxation agreement between Germany and Hungary plays a crucial role in avoiding double taxation. It ensures that you do not have to pay tax on your pension both in Germany and Hungary.
Avoidance of Double Taxation
The DTA regulates which country has the right to tax. In most cases, the pension is taxed where the pensioner resides. It is advisable to seek advice from a tax advisor to ensure you take full advantage of the DTA.
Advice from the Central Tax Office for Pensioners
To avoid double taxation, you should definitely seek advice from the Central Tax Office for Pensioners living abroad. This tax office specialises in the taxation of pensions and can help you optimise your tax burden.
Account Opening and Money Transfer
Opening a bank account in Hungary and handling money transfers are important steps when emigrating. There are a few points to consider to make the process as smooth as possible.
Special Accounts for Foreigners
Some Hungarian banks offer special accounts for foreigners that meet the needs of pensioners. These accounts facilitate the handling of pension payments and other financial transactions. According to perspektiveausland.com, Hungarian banks offer special accounts for foreigners to simplify finances.
Standing Orders for Pension Payments
It is advisable to set up a standing order for transferring your pension from Germany to Hungary. This ensures that your pension regularly and reliably reaches your Hungarian account.
Using Wise for Cost-Effective Transfers
For cost-effective international money transfers, you can use Wise. Wise offers the real exchange rate and a multi-currency account with Hungarian account details, which greatly facilitates financial management.
Register in time: How to secure your right of residence in Hungary
The right of residence is an important aspect to consider when emigrating to Hungary. There are specific regulations and formalities you must comply with to legalise your stay. We at GoMovin support you through all the necessary steps.
Registration in Hungary
Within 90 days of your arrival in Hungary, you must register with the authorities. This is a crucial step to legalise your stay and gain access to various services.
Registration with the authorities (within 90 days)
For registration, you need your passport, proof of funds (approximately €2000-2200), health insurance, and proof of accommodation. It is advisable to bring all documents in original and copy.
Registration at the local registry office (Lakcímkártya)
In addition to registering with the authorities, you must also register at the local registry office to obtain a Hungarian address card (Lakcímkártya). This card is important for accessing local healthcare and other services. According to budapest.diplo.de, the residence card (Lakcímkártya) is essential for daily life as it affects access to local healthcare.
Residence permit and permanent residence
Special provisions apply to EU citizens regarding residence permits and permanent residency. It is important to know these provisions to secure your long-term stay in Hungary.
Residence permit for EU citizens (after 3 months)
If you wish to stay in Hungary for more than three months, you must apply for a residence permit. For this, you need your passport, proof of funds, and health insurance.
Right of permanent residence (after 5 years)
After five years of continuous residence in Hungary, you are entitled to a right of permanent residence. This gives you additional security and facilitates access to various services.
Citizenship (after 8 years, language skills required)
After eight years of residence in Hungary, you can apply for Hungarian citizenship, provided you are proficient in the Hungarian language and pass a citizenship test.
Important notes
There are some important notes to keep in mind when emigrating to Hungary. These include avoiding fictitious relocations, answering questionnaires from the German tax office, and deregistering properly in Germany.
Avoidance of fictitious relocations (Boris Becker trap)
Ensure that you carry out a genuine move to Hungary and not just a fictitious one. The German authorities closely scrutinise whether you actually live and work in Hungary.
Questionnaire from the German tax office
After your move to Hungary, it is likely that you will receive a questionnaire from the German tax office. Answer this questionnaire carefully and completely to avoid issues with the tax office.
Deregistration in Germany
Do not forget to deregister properly in Germany. This is important to give up your residence in Germany and ensure that you are no longer subject to taxation in Germany.
Health in Focus: Optimal Health Insurance for Pensioners in Hungary
Health insurance is a central issue for retirees moving to Hungary. There are various options to consider to ensure optimal care in case of illness. We at GoMovin are happy to advise you on which solution is best for you.
Hungarian healthcare system for retirees
The Hungarian healthcare system offers retirees different insurance options. It's important to know the advantages and disadvantages of each option to make the right decision.
Automatic coverage through public health insurance (without contributions)
As a retiree, you are automatically covered by Hungary's public health insurance without having to pay contributions. This is a significant advantage as it entitles you to medical care in case of illness. According to bernhard-reise.com, retirees are automatically covered by Hungarian public health insurance without contributions.
Supplementary private health insurance
Although you are covered by public health insurance, it may be beneficial to take out additional private health insurance. This offers you extra protection and access to better services.
German health insurance
There is also the option to maintain your German health insurance or take out additional German insurance. This can be a good idea if you value comprehensive medical care.
Maintaining German insurance
If you maintain your German health insurance, you can also access medical services in Hungary. However, this is often associated with additional costs.
Additional coverage for more comprehensive benefits
Additional German insurance can offer you more comprehensive coverage that goes beyond the benefits of Hungarian health insurance. This can be particularly important if you have specific medical needs.
German-speaking medical care
A major advantage of Hungary is the availability of German-speaking medical care. This greatly facilitates communication with doctors and nursing staff.
Availability of doctors and nursing staff
In many regions of Hungary, there are doctors and nursing staff who speak German. This is particularly beneficial for older people who may have difficulty expressing themselves in a foreign language. According to immocenter-ungarn.com, there are nursing homes with German-speaking staff to minimise communication barriers.
Nursing homes with German-speaking staff
In case you require care in old age, there are nursing homes in Hungary with German-speaking staff. This ensures that you are optimally cared for and understood even in old age.
Living with flair: Find your dream home in Hungary's top regions
Choosing the right place to live is a crucial factor for a successful retirement in Hungary. There are various regions that are particularly suitable for German retirees. At GoMovin, we help you find the perfect region and property to suit your needs.
Popular Regions for German Retirees
Some regions in Hungary are especially popular with German retirees. These include Lake Balaton as well as the cities of Debrecen, Balatonfüred, and Tata.
Lake Balaton
Lake Balaton is one of the most popular regions for German retirees. It offers beautiful landscapes, a pleasant climate, and a large German expat community.
Diverse property offerings: Around Lake Balaton, there is a wide range of property options available, from small apartments to large villas.
German expat community: The large German expat community at Lake Balaton facilitates integration and offers numerous recreational opportunities.
Debrecen, Balatonfüred, Tata
The cities of Debrecen, Balatonfüred, and Tata are also popular places to live for German retirees. Each city has its own charm and offers different lifestyles. According to wise.com, Debrecen, Balatonfüred, and Tata are important locations, each offering unique advantages.
Real Estate Market
The Hungarian real estate market offers both purchase and rental options. It is important to weigh the advantages and disadvantages of both options to make the right decision.
Buying or Renting
Purchasing a property in Hungary can be a rewarding investment, especially if you plan to live in Hungary long-term. Renting a property offers flexibility and is a good option if you are not yet sure whether you wish to stay in Hungary permanently.
Support from German-speaking Real Estate Advisors
German-speaking real estate advisors can assist you in finding a suitable property. They know the local market and can help you in selecting, purchasing, or renting a property.
Budget in Check: How to Live Cheaply and Well in Hungary
The cost of living is an important factor when considering retirement in Hungary. Compared to Germany, the cost of living in Hungary is significantly lower. Here at GoMovin, we help you plan your budget optimally and maintain your standard of living.
Lower cost of living compared to Germany (up to 40.2%)
The cost of living in Hungary is significantly lower than in Germany. This applies to property prices as well as costs for food and general expenses.
Property, food, general expenses
According to merkur.de, the cost of living in Hungary is up to 40.2% lower than in Germany. This allows retirees to enjoy a higher standard of living with their budget.
Sample calculation
To give you an idea of the cost of living in Hungary, here is a sample calculation for a couple.
Comfortable living for a couple with 1400 euros per month (approx. 1000 euros expenses)
A couple can live comfortably in Hungary on 1400 euros per month, of which about 1000 euros are allocated to monthly expenses. According to merkur.de, a couple can live comfortably in the Lake Balaton region for 1400 euros per month and spend about 1000 euros.
Financial planning
Careful financial planning is crucial for a worry-free retirement in Hungary. When planning, consider taxes, insurance, and healthcare costs.
Consideration of taxes, insurance, and healthcare costs
It is important to consider all financial aspects to ensure you can fully enjoy your retirement. Consult with a financial advisor to optimise your financial situation.
Well advised: Legal and social aspects for your new start
In addition to financial and practical aspects, there are also legal and social considerations you should keep in mind when emigrating to Hungary. At GoMovin, we support you with all questions related to these topics.
German-speaking Consultation
It is advisable to seek advice from German-speaking consultants in the fields of pensions, healthcare, and legal matters. They are familiar with the specifics of the Hungarian system and can provide valuable tips. According to immocenter-ungarn.com, it is important to engage German-speaking advisors for pension, healthcare, and legal issues to ensure a smooth transition.
Potential Changes in Custody (Hungarian Law)
Please note that there may be different custody regulations in Hungary compared to Germany. Make sure to inform yourself about the applicable provisions, especially if you have children. According to budapest.diplo.de, German pensioners should also be aware of the potential changes in custody under Hungarian law, particularly concerning children.
ELEFAND Crisis Preparedness List of the German Embassy
It is advisable to register in the ELEFAND crisis preparedness list of the German Embassy. This allows the embassy to contact you in emergencies and provide support. According to budapest.diplo.de, registering in the ELEFAND crisis preparedness list is recommended to communicate with the German Embassy in case of an emergency.
Overcoming hurdles: Solutions for typical challenges when emigrating
Emigrating to Hungary can come with certain challenges. These include the language barrier, cultural differences, and bureaucratic obstacles. At GoMovin, we assist you in overcoming these challenges to ensure your move is as smooth as possible.
Language Barrier
The Hungarian language can often be difficult for Germans to learn. However, there are various ways to overcome the language barrier.
Language Courses
Attend a language course to learn the basics of the Hungarian language. This will ease everyday communication and facilitate integration into Hungarian society.
Integration into Hungarian Society
Participate in events and activities to make connections and get to know Hungarian culture. This will help you settle into Hungary more quickly.
Cultural Differences
There are some cultural differences between Germany and Hungary that you should be aware of.
Adapting to the Hungarian Lifestyle
Be open to the Hungarian way of life and adapt to local customs. This will help you integrate more quickly and be accepted by the Hungarian people.
Bureaucracy
Hungarian bureaucracy can be a challenge for foreigners.
Support from German-speaking Advisors
Take advantage of support from German-speaking advisors to navigate the jungle of Hungarian authorities. They can assist you with all formalities. Our relocation assistance and administrative services make your start in Hungary easier.
A Fresh Start in Hungary: A Worthwhile Decision for Your Retirement?
Is moving to Hungary as a retiree a worthwhile option? Hungary offers many advantages for German retirees, but there are also some important considerations you should make before emigrating. At GoMovin, we are here with our experience and expertise to help you make the decision and make your move a success.
Summary of Benefits
Hungary offers a combination of lower living costs, political stability, and a growing community of expats. These factors make Hungary an attractive destination for German retirees.
Lower living costs, political stability, German-speaking services
The lower cost of living allows retirees to enjoy a higher standard of living on their budget. Political stability and the availability of German-speaking services make relocation and integration easier.
Important Considerations Before Moving
Before moving, you should carefully review your financial situation, take out suitable health insurance, and be informed about the legal aspects.
Financial Planning, Health Insurance, Legal Aspects
Careful planning is crucial for a worry-free retirement in Hungary. Seek advice from experts to ensure you consider all important aspects.
Outlook
In recent years, Hungary has become an increasingly popular destination for German retirees. With the right preparation and support, your retirement in Hungary can be an unforgettable experience.
Are you ready for your worry-free retirement in Hungary? At GoMovin, we are happy to assist you every step of the way – from initial planning to successful integration. Our insurance experts will help you find the right health insurance. Contact us today for personalized advice and let's plan your move to Hungary together! Contact us here!
Further useful links
The Deutsche Botschaft Budapest provides information on important aspects of staying in Hungary, including residence cards and custody issues.
Merkur.de offers an overview of the reasons why Hungary is attractive for German retirees, including living costs and political factors.
Wise explains how German retirees in Hungary can benefit from cost-effective money transfers and special bank accounts.
FAQ
What financial benefits does Hungary offer to pensioners?
Hungary offers lower living costs (up to 40.2% lower than in Germany), allowing pensioners to enjoy a higher standard of living on the same budget. Additionally, there are tax advantages, particularly with private and occupational pensions.
How does health insurance work in Hungary for German pensioners?
German pensioners are automatically covered by public health insurance in Hungary without having to pay contributions. However, it is recommended to obtain additional private health insurance to receive more comprehensive benefits.
Where do German pensioners register after arriving in Hungary?
Within 90 days of arrival, you must register with the Hungarian authorities. Additionally, registration with the registry office (Lakcímkártya) is required to obtain a Hungarian address card.
How do I avoid double taxation of my pension?
To avoid double taxation, you should seek advice from the Central Tax Office for Pension Recipients residing abroad. This tax office specialises in the taxation of pensions and can help you optimise your tax burden.
Which regions in Hungary are especially popular with German pensioners?
Popular regions include Lake Balaton, Debrecen, Balatonfüred, and Tata. Lake Balaton offers a large German expat community and a wide range of property options.
What documents do I need for registration in Hungary?
For registration, you need your passport, proof of financial means (approximately €2000-2200), health insurance, and proof of accommodation.
How can I secure my right of residence in Hungary long term?
After five years of continuous residence in Hungary, you are entitled to a permanent residence permit. After eight years, you can apply for Hungarian citizenship, provided you are proficient in the Hungarian language.
Where can I find German-speaking support in Hungary?
In Hungary, there are numerous German-speaking services in healthcare, legal advice, and the property sector. It is recommended to engage German-speaking advisors for pensions, healthcare, and legal matters.
