Government support for your Altersvorsorgedepot
If you meet the requirements, government allowances boost your retirement savings directly in your Altersvorsorgedepot. You can also receive additional tax relief through your tax return.
How does government support work?
You claim basic and child allowances through your provider. They are paid into your Altersvorsorgedepot. Savers eligible in their own right can also receive a one-off €200 bonus if they are under 25 at the start of the contribution year. If you file a tax return, the tax office checks whether the tax deduction gives you more relief than your allowance entitlement. Any additional relief is reflected in your tax assessment.
What contribution limits apply?
€120 a year is the minimum for allowances. If you qualify in your own right, a total annual contribution of €300 earns the full €300 child allowance per eligible child. Your regular basic allowance reaches its €540 maximum at €1,800 a year. Contributions above €1,800 do not increase your allowances or tax deduction. Annual contributions are capped at €6,840 per account. Different rules apply if you qualify through your spouse or registered partner.
How does tax deferral differ from an ordinary brokerage account?
You pay no income tax on investment returns during the saving phase, including when you sell or switch investments within your Altersvorsorgedepot. The same sales can trigger tax in an ordinary brokerage account. The money that would otherwise go toward tax remains invested and can generate further returns. Payouts from your Altersvorsorgedepot are generally taxed later.
Saving phase
Person
Age in the start year 2027 is 30At least 37 full investment years until age 67
Contribution
Maximum allowance reached
No tax on gains during the saving phase. This lets your investment account grow more.
Income & children
For each child with an entitlement to child benefit (Kindergeld), you get as much child allowance as you pay in yourself, up to €300 a year. This requires at least €120 of your own contributions a year.
Assumptions
Result
Text version of the chart. Total wealth grows from age 30 to age 67, reaching €485,192. Of this, €86,580 is paid-in capital.
Text version of the chart. Breakdown of the account value of €485,192.
The actual refund may differ significantly.
Retirement
Payout
You can take up to 30% of the capital as a lump-sum withdrawal (equal to €145,557).
28 years from the start of retirement at age 67
The monthly payment is recalculated every 3 years based on the account value.
* Model value based on the assumed return, not a guaranteed payout. Payments are recalculated every 3 years from the remaining account value and can rise or fall. The remaining capital is paid out with the last payment.
Deferred taxation applied. Basic tax-free amount (Grundfreibetrag) taken into account. Here, 100.0% of the statutory pension is taxable (pension start in 2064). Pension increases and deductions are not taken into account.