How to cancel Wohn-Riester for a home or how to proceed?

then we commit to using the house for at least 20 years or keeping it as an owner-occupied property. That will not be the case 50% of the time.

No, not that either.
After selling the house, you can invest the money in a new property within 4(?) years, or convert it into a Riester pension.

No, not that either. You can reinvest the money from the sale of the house into a new property within 4(?) years, or then convert it into a Riester pension.

Where does it say that? Thanks for the information.

There are providers who have a dedicated hotline just for [Wohnriester]. Just call there and get advice from the experts.

You can definitely change the property; your provider can tell you the deadlines.

Please get concrete information before you make a decision.

Best regards

Exactly how we want it. But that only works with massive reductions.

Bad advice is good, rather with 30 years of age you have different ideas about life than with 40 years.

Had you read my post? Because we had a very similar situation. Why don’t you talk to your building society advisor to see if you can reduce the building savings sum in your case? Then you only “waste” a little bit of the commission. Our contract was already somewhat older at the time (over 10 years) and was regularly saved up. After reducing the building savings sum, it was practically already “over-saved” and went immediately into allocation. We had the money available for the house a few months later, without tax repayments or anything.

Did you read my post? We had a very similar situation.
Why don’t you talk to your home savings advisor to see if you can reduce the home savings amount?
Then you only "waste" a little bit of the closing commission.
Our contract was already a bit older at that time (over 10 years) and was regularly saved into. After reducing the home savings amount, it was practically already "over-saved" and immediately went into allocation.
We had the money available for the house a few months later, without tax repayments or anything.

ok. but what good is that to me if I still have the Wohnflrderkonto to deal with?

just take a look at how it looks or costs:
- if I do the real estate financing without Wohnriester (without the 23,000€) I pay interest X for J years = interest paid
- if I bring the 23,000€ as additional equity, then I pay interest Y for J years = interest paid for that
and then you see how high the savings are.

in point 2 you look at when you retire, example in 30 years = then you capitalize the 23,000€ at 2% for the years = amount R
from amount R you subtract the 23,000€ = Wohnförderkonto, which must be taxed
(and then you can just estimate, for example assuming you then have to tax 18,600€, you do it in one go, with 30% discount, so 13,000€ is taxed, with 35% as an estimate = that is 4,550€)

the assumption is that further Riester savings/contributions have nothing to do with it, only that you withdraw the 23,000€ once.


so the option without Wohnriester costs 5,000€ more, then I wouldn’t bother, especially if you don’t know exactly how it will look tax-wise in the future.

if you save maybe 10,000€ in interest, it might already be interesting.