Earning an additional income during early retirement
Hello,
I have the opportunity, as part of an early retirement agreement with my employer, to retire early with early retirement benefits at the age of 57 as an employee.
In the preliminary discussions, my employer pointed out to me that due to legal requirements, I am only allowed to earn additional income up to a maximum of 450.00 EUR net per month until I reach retirement age.
I have heard that there is an exception to this rule, which does not apply if one has registered a side business and has been operating it for more than 6 years prior to the early retirement agreement. This applies to me, as I have a side business known to the employer and approved by them, which I have been operating for nearly 8 years.
My questions are:
1. Where is the limit of 450.00 EUR mentioned by my employer in relation to the early retirement benefits legally anchored (I am aware of the 450.00 EUR rule in relation to early retirement pension)?
2. Where is the exception I mentioned anchored? Are there any court rulings on this?
3. Who monitors compliance with this limit? Ultimately, only the tax office knows the amount of my income. Are there any information exchanges between the tax office and the employer?
Thank you for your efforts.
