What is Elterngeld, and how does it differ from Mutterschutz?

Elterngeld is a parental allowance in Germany, providing up to 14 months of paid time off for both parents. In contrast, Mutterschutz is maternity leave, exclusively for mothers around childbirth.

How will the changes to Elterngeld impact income limits for couples and single parents?

Initially set to decrease to €150,000, the income limit for couples will now gradually lower to €200,000 and then to €175,000. Single parents, with a current limit of €250,000, will face a reduction to €150,000.

Are there modifications to the 'partner months' policy, and when will these changes take effect?

Starting April 1st, 2024, couples will no longer be allowed to take a career break together for seven months. Staying at home together and receiving parental allowance concurrently will be limited to one month within the first 12 months of the child's life.

Financial Planning for Parents

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Mahek ThakreDecember 19, 2023
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Elterngeld Changes in Germany: Impact on Parental Allowance

Elterngeld Changes in Germany: Impact on Parental Allowance Germany is undergoing significant adjustments to its parental allowance system, particularly affecting…
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