Riester Classic S11 Tax Questions

Wohnriester only means that the balance is paid out as a lump sum before reaching retirement age. In principle, any Riester contract can be used for this, but often a home savings contract was specifically concluded. Since there is no payout later that needs to be taxed, the paid-out amount is used as the calculation basis, and the term/inflation is offset with the 2%. Non-working persons are not directly eligible for funding, but only if the spouse also has a contract. Hence your contract with the €60 minimum payment. I wouldn't go through the trouble for €7000 and wouldn't use the contract for the property but just let it continue. When it reaches the threshold for the small pension (currently around €11,000), one can consider what to do next.

completely cancel, then subsidies and taxes will be refunded

would be the biggest nonsense with a 60.-- personal contribution and allowances for 3 children

Ok I will keep it running I was not aware of the impact it has.

I did not quite understand this sentence, what does it mean?

When he reaches the threshold for the small amount pension (currently at about €11,000) one can consider what to do next.

I did not quite understand what this sentence means?

Small pensions are all (Riester) pensions currently under €37.45/month, which corresponds to a balance of just over 10,000.--. The amount increases every year. Below this amount, you can have the Riester balance paid out in full, or the bank/insurance company does it automatically.

I have a question, a friend wants to lend me €20,000 for my purchased property, which I will then pay back to him in January. What do I need to pay attention to and do I have to report this, or can he just transfer it to me like that, or does something have to be done in the purpose of use or otherwise?