Correct. "Deferred taxation" is the keyword and "wohnförderkonto".
Whether wohnriester is worthwhile is quite individual. The allowances as well as the tax aspects, for example, lead to a significant shortening of the repayment period in our case.
If we continue to set aside the repayment until the "regular" end, it is easily enough for the lump sum payment in our case and there is still a nice amount left over.
However, this requires that we consistently use the tax advantage now for special repayments and not squander it elsewhere.
1. In the savings phase, the WFK account only comes into play upon activation (and then to the amount of the subsidized sum).
2. The WFK is "interest-bearing" at 2% annually; and that makes the first point so crucial (if the activation occurs too early, a rather substantial compound interest effect starts just from the initial activation).
2.5. For married couples, a housing promotion account is created for both partners, and the 2100 (if fully utilized) is also credited to both.
So your calculation example means I would have to pay back taxes in the amount of €66,250 once at the end so that I can do whatever I want with the house, for example sell it, correct? These €30,000, where does this amount come from?
What exactly do you have to pay back from taxes then?
And do the 2% interest come on top of the other interest?
Do I still have to pay the €96 to receive the subsidy, meaning as long as the subsidy is granted, even if I have taken out financing, do they come on top of the amount to be financed?