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

ok thanks. how much would have to be stated there? annual gross times tax rate, minus the subsidies or how is it calculated?

Since some answers were quite mixed up or even wrong, here is a summary once again. If you cancel the Riester contract, you have to pay back the subsidies and tax savings, and the capital gains must be taxed. Since you never declared it on your tax return, this is 175.--€/person/year plus child allowance. That amount is deducted immediately and you will have the money within 6 months. Since it is a home savings contract with low interest, you do not have to pay much additional tax on it in the next tax return.

If you withdraw money without canceling the contract, a housing promotion account is set up and the amount is credited with 2% interest annually. You must then pay tax on the final amount during retirement. If you no longer use your own apartment yourself, this is considered a use damaging the subsidy and is treated like a cancellation (see above). Exceptions only apply for a nursing home, but even there you can often own an apartment.

ok thanks. how much should be stated there? annual gross times tax rate, minus the subsidies or how is it calculated?

deposited amount (max. €1975) * personal tax rate (max 48%). If this is lower than the subsidy, you only receive the subsidy; if not, you get the tax saving minus the subsidy paid out and the subsidy credited to your Riester contract.

thank you for your answers.

is there a third option that perhaps was not mentioned?

thanks for your answers.

is there a third option that maybe wasn't mentioned?

if Riester is generally worthwhile and you want to do it, you can still convert to a unit-linked contract. I paid in 30%, 30% is tax savings, and 40% is value appreciation.

I have checked it. In recent years, something between 650 and 700 euros was indicated in the tax, or it says there: tax reduction related to the retirement allowance... So does that mean I have to pay back these 700 € annually? Or also a percentage of it?

Converting it is probably the only thing that makes sense.