Dissolving Wohnriester as easily as possible?

2019-01-09 22:42:33

The home promotion account is a real nuisance. Because when you retire, suddenly you owe something to the tax office, even though you have long since spent the taxable money. It's different with annuitization; then tax and money come together. For us, it will be like this: since we withdrew 18,000 in 2017 to pay for the garden, in 2021, when I retire, we will have to tax 19,400. Well, I could spread that over 10 years, 1,940 per year, which is manageable. Or apply the two-thirds rule. But whoever withdraws capital young can end up with a pretty hefty home promotion account after many years, two percent on top. As I said, Riester is not really well thought out. It would have been better to leave it as a pure pension offer and not to do home ownership promotion through Riester, but for example through the old 10% depreciation or something similar. But it would have been a vicious cycle. Karsten

2019-01-09 22:58:29

The housing subsidy account is a real headache. Because when you retire, you suddenly owe something to the tax office, even though you have long since spent the taxable money. It's different with annuitization; then tax and money come together.
In our case, since we withdrew 18,000 in 2017 for the house to pay for the garden, in 2021, when I retire, we will have 19,400 to declare for tax purposes.
Well, I could spread that over 10 years, 1,940 per year, which is bearable. Or apply the two-thirds rule. Only, if you withdraw capital young, the housing subsidy account can get quite hefty after many years with two percent on top. As I said, Riester is not really thought through to the end. It would have been better to leave it purely as a pension offer and not to do homeowner funding through Riester, but for example via the old 10 e depreciation or something similar. But that’s water under the bridge. Karsten

I have nothing to add to that.

2019-01-10 07:17:32

As already mentioned, if you have the money, then claim the minimum allowance through children etc. and do a pure Riester for old age. This is also taxable in old age, but you get something out of it.

This whole [wohnriester] lags behind, I want to be done and not have to feel like I still have to pay something in old age.

2019-01-10 08:41:31

So I have now checked and in the final notice there are only 4 lines about the WFK. It just states that it was opened and that it forms the basis for subsequent taxation. There is nothing about the amount, etc. But we received about €6500 paid out (I about €3000 and my husband about €3500). We hadn't been paying in for long when we needed the money.

So if I had to calculate it for us: €3000 were withdrawn (retirement entry... who knows exactly, but approximately 2056) and €3500 (retirement entry around 2054). Now 2% are added on top each year until then? Or how do you calculate that?

I also read that the WFK can be offset in advance. I just haven't understood how yet.

2019-01-10 09:59:07

Yes, p.A. 2% on top. Yes, you can repay the WFK, then the capital is back in the contract. Discuss the options with the provider. K.

2019-01-10 11:11:21

by the way, only your advisor profited from increasing the building savings amount how much is the amount now actually?

The building savings amount is now 100K. What I still don’t quite understand is, what is being interest-bearing at 2% and has to be taxed later? Is it the subsidies and tax savings I receive or my accumulated credit? In the second case, I would be totally cutting myself off at the knees if I now also transfer money that accumulates over time in the checking account to the building saver, which is part of the Riester contract. But that is exactly what was recommended to me.

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Dissolving Wohnriester as easily as possible?

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