Compulsory insurance upon application offers you the opportunity to acquire or maintain benefit entitlements in the statutory pension insurance. In addition, as a self-employed person who pays compulsory contributions to the statutory pension insurance, you can also take advantage of the state subsidy with the Riester pension.
In order to be able to pay compulsory contributions for your self-employed activity, you must submit the application for compulsory insurance in due time. This is only possible if your activity is not already subject to compulsory insurance in the statutory pension insurance by law.
The point in time at which compulsory insurance begins depends largely on the point in time at which you submit your application.
Even if you are initially only marginally self-employed, you must submit the application for compulsory insurance in due time. In these cases, the compulsory application insurance or compulsory insurance begins only after the end of the exemption from insurance due to the minor activity.
You have the right to choose the contribution amount. You can choose between
- half the standard contribution, which is limited in time
- the standard contribution and
- income-related contributions.
Once you have opted for compulsory insurance on application, you cannot cancel it again. It remains in force as long as you are self-employed. The obligation to insure ends only at the end of the day on which the conditions cease to apply. As a rule, this is when you cease to be self-employed.