What should I financially organize before leaving Germany?
A clean German exit takes a bit more than just an Abmeldung at the Bürgeramt. There are three rough blocks of work, and most of them benefit from being started earlier than people expect — three to six months before the move is a more realistic runway than the "few weeks" that often gets assumed.
Cancel and end what you no longer need. Subscriptions, mobile contracts, energy, internet, and any insurance that no longer applies abroad. Most German contracts have notice periods that need to be respected — your employment contract in particular usually requires three months' notice, sometimes more, and that often becomes the constraint on your moving date rather than the other way round.
Decide and continue for the things that don't simply end. Pension contracts (continue, pause, or surrender — usually best to pause unless surrender is clearly justified), your brokerage account (your German broker may keep the account open for non-residents, or you may need to transfer or close it), and your bank account, which is often worth keeping open until everything has settled.
Tax and documentation. File all required German tax returns, including the year of departure. Settle any open items with the Finanzamt. Document the source of funds for any large transfers abroad, and keep a digital archive of important documents for at least ten years — German document retention rules can apply well after you've left.
For higher-net-worth expats, Wegzugsteuer (exit tax) may apply on certain shareholdings of 1% or more. That one absolutely needs to be checked well before the move.
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Related questions
What happens to my private pension if I leave Germany?
Most German private pension contracts — private Rentenversicherung, fund-linked or classic — don't automatically terminate when you leave Germany. The contract continues, and you have three main options for what to do with it:
Read full answer →Leaving GermanyDo I still pay German taxes after leaving Germany?
When you move out of Germany and deregister, you generally stop being subject to unlimited German tax liability (unbeschränkte Steuerpflicht) — the kind that covered your worldwide income. But specific German-source income can still create limited tax liability (beschränkte Steuerpflicht): rental income from a property located in Germany, pension payments from German systems, income from a German business or profession, and certain capital gains under specific conditions.
Read full answer →Leaving GermanyWhat is exit tax and who is affected?
Wegzugsteuer is one of the more dangerous traps for higher-net-worth expats, mostly because it stays under the radar until quite late in a move.
Read full answer →Leaving GermanyWhat happens to my income protection if I leave Germany?
BU contracts are written under German law and don't automatically terminate when you move abroad. The contract just keeps running. The practical picture, though, depends a lot on where you go.
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