Financial Summary - Kourosh Nazari
Last updated: May 2026
SAP Contract
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| Role | User Experience Design Expert, D1-29 |
| Location | Berlin, George-Stephenson-Strasse |
| Start date | 01 November 2025 |
| Probation ended | April 2026 |
| Hours | 40/week |
| Notice period | 6 months (to end of month) |
| Holiday | 30 days/year |
Salary
| Component | Annual (gross) | Monthly (gross) |
|---|
| Base salary | EUR 93,500 | EUR 7,791.67 |
| Target bonus (100%) | EUR 16,500 | - |
| Total target comp | EUR 110,000 | - |
Monthly take-home (Steuerklasse 3): EUR 5,237.48
Additional monthly benefits:
- VWL employer contribution: EUR 27
- Deutschlandticket subsidy: ~EUR 15.75
- Meal vouchers (canteen): ~EUR 82
Social Contributions (2026 rates)
| Employee | Cap |
|---|
| KV (health, TKK) | ~EUR 502/month | EUR 5,812.50/month |
| PV (care, 3 children) | ~EUR 76/month | EUR 5,812.50/month |
| RV (pension) | 9.3% | EUR 8,450/month |
| AV (unemployment) | 1.3% | EUR 8,450/month |
SAP Benefits
Own SAP (Share Purchase Plan) - NOT YET ENROLLED
- Contribute 1-10% of gross monthly base salary
- SAP matches 40% of your contribution + EUR 20
- Can sell immediately (except blackout: 15th of month 3 of quarter until earnings release)
- Recommendation: enroll at 10% - EUR 779/month in, SAP adds ~EUR 330/month free
- Enroll via Own SAP App on SAP One, account on EquatePlus
Move SAP (RSUs)
- Discretionary grants only - decided by manager at annual review
- 3-year vesting, quarterly releases after 6-month cliff
- Not guaranteed
UAV (Company Pension) - COMPLETED
- SAP-funded pension, elected annually (April/May each year)
- 2026 election (01.05.2026 - 31.03.2027):
- Disability: EUR 25,769/year (maximum) - cost EUR 722.47
- Survivors: EUR 240,000 lump sum (maximum) - cost EUR 156.68
- Pension remainder: EUR 3,264.99
- Must repeat this election every year when SAP sends the invitation
MAV (Salary Sacrifice Pension) - NOT YET ACTIONED
- Tax-free up to ~EUR 7,248/year (Entgeltumwandlung limit)
- Can use salary or bonus
- More flexible than Rürup - consider after Own SAP is set up
Other Benefits
- VWL: EUR 27/month (employer), EUR 324/year - goes to ING-DiBa savings
- Flex Loan: up to EUR 26,000 interest-free (available now, repaid EUR 217/month over 10 years)
- FahrRad: e-bike leasing via salary sacrifice (36 months) - available now
- MobiLife: phone/tablet/laptop via salary sacrifice (24 months) - offered twice yearly
- Accident insurance: EUR 110,000 at death, EUR 220,000 at full invalidity (SAP pays)
- Sick pay top-up: SAP tops up to net salary level for up to 1 year per illness
Property - Kleiner Parkweg 3
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| Address | Kleiner Parkweg 3, WE09, 1.OG links, 12683 Berlin-Biesdorf |
| Size | 108.90 m² (5 rooms, 2 bathrooms, loggia) |
| Purchased | May 2021 from Covivio Berlin V S.a.r.l. |
| Equity paid | EUR 95,000 |
| Mortgage (Sparda-Bank) | EUR 554,000 initial (IBAN: DE64 1209 6597 0071 2465 69) |
| Interest rate | 1.15% p.a. (fixed - check Zinsbindungsende!) |
| Mortgage balance | EUR 503,123 (end-2025) |
| Monthly payment | ~EUR 1,500 |
| Annual interest 2025 | EUR 5,861.68 |
| WEG/Betriebskosten | EUR 1,153.38/year (2024 actual); Wirtschaftsplan ~EUR 290/month |
| Property manager | Acenes Immobilien GmbH, Landsberger Allee 394, 12681 Berlin |
Full details: property.md
Insurance Portfolio
1. Hannoversche - Risikoversicherung LV 2000 1435 3680 (Term Life)
- Type: Declining term life (Risikoversicherung Plus Nichtraucher)
- Policyholder/beneficiary: Juliane Nazari (wife)
- Insured: Kourosh Nazari
- Coverage: EUR 300,000 (2021) declining to EUR 265,000 (2026) → EUR 20,000 (2057)
- Monthly premium: ~EUR 14 now, rising slowly to ~EUR 24
- Expires: 01.06.2058
- Issue: Declining sum provides poor long-term protection. Consider replacing with flat-rate (level) EUR 500-700k policy.
2. Allianz BasisRente InvestFlex AL-1648770908 (Rürup + BU)
- Combined Rürup pension + Berufsunfahigkeit (BU) disability rider
- Started: 01.08.2019. Retirement: 01.08.2054
- Monthly premium: EUR 292.61 (increased from EUR 264.81 in Aug 2025)
- Retirement savings (InvestFlex): EUR 145.40
- BU disability pension rider: EUR 131.11
- Premium waiver on disability: EUR 16.10
- BU payout if disabled: ~EUR 2,550-2,663/month (guaranteed)
- Fund value (Aug 2025): EUR 7,975 - projected EUR 154-443/month pension at 67
- Contributions locked (Rürup) - cannot withdraw, only receive as lifelong pension
- Administered by mitNORM GmbH (mitnorm@netfonds.de)
- Annual Dynamik auto-increases premium each year unless you opt out
3. SAP Accident Insurance (via contract)
- Death: EUR 110,000 (1x annual target salary)
- Full invalidity: EUR 220,000 (2x annual target salary)
- SAP pays premiums
4. ConceptIF Pro - Privathaftpflicht F-1709327 (Family Liability)
- Policyholder: Juliane Nazari
- Product: CIF4ALL Privathaftpflicht best advice
- Annual premium: not documented in current papers
- Note: Former broker Marie-Luise Lambein no longer active. Verify policy is still active.
5. Interlloyd - Hausratversicherung 000637828 (Home Contents)
- Product: Hausrat-Eurosecure Plus
- Annual premium: EUR 161.53 (2025-2026); paid SEPA ING-DiBa each August
- SEPA mandate: DEM9000000324853
6. HanseMerkur - BU 097 395 769 B 00014 (Juliane, paid-up)
- BU disability insurance, BEITRAGSFREI since 01.10.2022 (EUR 0 premiums)
- BU payout if disabled: ~EUR 247/month until age 67 (2052)
- Insured: Juliane Nazari, born 21.09.1985
7. VGH - Kapitalversicherung 2021-022-003.493 (Juliane)
- Started May 2004, matures May 2050
- Monthly premium: EUR 10; sum insured EUR 6,868 + 5% annual dynamic
- Small policy; request current Rückkaufswert
8. Volkswohl Bund - Riester Rentenversicherung 39A3462 (Juliane)
- Deferred annuity (Rentenversicherung nach AltZertG)
- Policy since 16.12.2016
- BdV evaluated Dec 2024: do not cancel (high exit costs)
9. Verti - Kfz-Versicherung (Car Insurance)
- Product: Premium (Haftpflicht EUR 100M + Teilkasko EUR 150 deductible + Schutzbrief)
- Vehicle: Opel Zafira 2.2, plate B-QJ 108, VIN W0L0AHM75AG119615
- Annual premium: EUR 871.20 (incl. EUR 139.10 tax), paid annually via SEPA ING-DiBa
- Active from: 01.01.2026 | Previous insurer: HDI (cancelled 30.04.2025)
- Note: Potential coverage gap May-Dec 2025 - confirm if interim policy existed
Full insurance details: insurance-portfolio.md
Investments
ING-DiBa ETF Portfolio
- Funds previously managed by Marie-Luise Lambein / ffb Bank (mitNORM depot) were withdrawn from ffb Bank in mid-2024 and moved to ING-DiBa as ETF investments
- Juliane's email of 04.08.2024 notes: "das Geld ist nun über die ING in ETFs investiert und hat seit Mai mehr dazu bekommen als die gemanagten Fonds seit 2020 insgesamt"
- Current value: unknown - no account statement in documents
- Action: Request current ETF portfolio value from ING-DiBa
ING-DiBa Account (general)
- Used for: VWL employer contributions (EUR 27/month), Hausrat SEPA, car tax SEPA, Alte Leipziger payout received (EUR 2,954.55 Oct 2025), Verti insurance SEPA
- IBAN ending: ...0046
State Pension (Deutsche Rentenversicherung, Nov 2025 statement)
- Contribution history: 01.06.2007 - 31.10.2025
- Regular retirement age: 01.11.2054 (age 67)
- If fully disabled today: EUR 1,655/month
- Projected pension at 67 (continuing contributions): EUR 2,926/month
- With 2% annual adjustment: ~EUR 5,190/month at retirement
Combined Coverage Summary
If disabled today (gross/month)
| Source | EUR/month |
|---|
| Allianz BU rider | ~EUR 2,600 |
| SAP UAV disability | ~EUR 2,147 |
| State EM-Rente | EUR 1,655 |
| Total | ~EUR 6,400 |
| Current net salary: EUR 5,237 - disability coverage exceeds take-home | |
If death today
| Source | Amount |
|---|
| Hannoversche term life | ~EUR 265,000 (declining) |
| SAP UAV survivors | EUR 240,000 |
| SAP accident insurance | EUR 110,000 |
| Total | ~EUR 615,000 |
Action Items
CRITICAL
Urgent
High Priority
Medium Priority
Annual Reminders
Full action items with details: action-items.md
Family Context
- Married, Steuerklasse 3
- Juliane not working since summer 2022 (maternity/family), sole income earner is Kourosh
- 4 children:
- Leopold Amin, born 15.07.2015 (~10 years)
- Ava Mathilde, born 24.04.2018 (~8 years)
- Ida Alberta, born 22.10.2022 (~3 years)
- Ana Helene, born 19.05.2026 (3 days old)
- Krankenkasse: TKK Heidelberg (voluntarily insured, income above mandatory threshold)
- PV children code: currently Y/3// - must update to Y/4// after Ana Helene's birth registration with TK
- Note: 4th child further reduces Pflegeversicherung contribution rate