Dissolving Wohnriester as easily as possible?

A lot of confusion.
Who advises? The DRV Bund. Tel as stated above.
When can I use my Riester capital so that the allowances remain preserved? Whenever I use it according to retirement provision. That is classically as a pension payment. In addition, payments for owner-occupied residential property. This can be the purchase or construction of a house. It can also be that in the year of my retirement I use my Riester capital to repay a mortgage loan in order to have my house debt-free by retirement. The latter cases are applied for at the allowance office of the DRV Bund and then, if necessary, approved. Address see above. Also the forms for this. It is not difficult to fill out. The approval is a kind of call-off certificate, which you give to the Riester provider and then they promptly pay out what is stated there.
Tax. Riester capital as a pension is subject to income tax. To ensure that no one is disadvantaged, those who do not use the capital as a pension but for property acquisition must also pay taxes. How does this happen? Example. Meier has Riester and withdraws 30 thousand for house construction. Meier is 51. Retirement age is 67. He now receives the 30 thousand paid out. This amount is recorded as a debit for him tax-wise plus two percent per annum on it, until he is 67. At 67, there is now the 30 plus two percent per annum. Meier must now pay income tax on this amount. Either with a discount of 66% of the tax liability immediately and he is done, or spread over 10 years, as if the amount were coming as a pension. K.

You of course have to pay back the tax savings. Just look at the tax assessment notice and there is 1 or 2 pages where it is listed with the contract. The allowances you get are verbally stated. What is gone are the costs. That is your loss. But as I said, surprisingly I received something from the company for my tax and also got something refunded retroactively.

Maybe it’s not too late yet. I have to honestly say that I am absolutely no fan of Wohnriester (I deal with it daily). Most people, including advisors, don’t know the disadvantages or cannot advise objectively. I don’t see any advantages in the whole thing. Because everything is an absolute naive calculation. Have your tax liability calculated based on the issue (Wohnförderkonto, already mentioned). It’s best if you also bring your pension statement, occupational pension scheme, and other retirement provisions. I also have an example calculation for this, but I can only post it later if you’re interested. If you cancel, you have to pay back your tax benefits and allowances. Maybe there were no tax benefits... by the way, only your advisor earned from the increase in the building savings sum. How high is the sum actually now?

I don't see any advantages in the story

For people with higher incomes and/or families, there are indeed financial benefits. Allowances + tax aspects. We have never had such a return while saving equity with any other form of investment.

For people with higher incomes and/or families, there are definitely financial advantages.

Allowances + tax aspects. We haven't had such a return while saving up equity with any other form of investment.

As pure retirement provision, yes! To save equity, definitely no! Later during retirement, when money will be quite tight for most, paying even more taxes. It's not an insignificant amount either.

As pure retirement provision, yes! To save up equity capital, definitely no! Later in retirement, when money is rather tight for most people, paying even more taxes. It's also not an insignificant amount.

That's exactly when it is so lucrative. Since, as of today, the tax rate during retirement is lower.

Of course, you have to calculate it through to the end. And, depending on the amount of the WFK, also set aside the money accordingly; but you also repay faster thanks to allowances and the tax savings. If you consistently use them for special repayments, you are finished quite a bit earlier.