Supplementary funding - WohnRiester

yeah it works, but always remember if you withdraw then you have to dissolve = tax benefits are reclaimed. You get less out than what you put in (costs are not reimbursed), or loans, that takes even longer.

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What amount are we talking about and what went wrong?

man man man, you really are an "expert". Maybe as an IT specialist you shouldn't call yourself a banker to avoid giving the impression that you know what you're spouting off about.

Of course, you can also withdraw the amount including subsidies and without repaying the tax benefits. You then also won't get less out than you put in and it has nothing to do with the costs.
Only then, as wrote, the amount is credited with 2% interest on a fictional housing subsidy account. This is the deferred taxation with Riester.

Exactly, and the 2% do not have to be paid later, they just "increase" the taxable income. I left the minimum amount in my Riester and withdrew the rest. The payout amount was about three times the contributions, and in addition, there were the annual tax benefits. I am happy to pay a few taxes when I retire.

Same here with us. The housing promotion account will stand at about 20 thousand for me at retirement age 65. That results in roughly 1000,- additional to vested equity capital per year over twenty years, so until 85. A tax rate of 20% gives about 200,- extra per year on top. Or I pay the 2023 tax in one go with a 30% discount. That would then be 4000 minus 1200 equals 2800,- tax back payment at a 20% rate, and then it's settled. So all manageable amounts. Karsten

Same here. The home savings account will stand at about 20,000 for me at retirement at 65. This results in around 1,000 additional taxable equity per year over twenty years, i.e., until 85. A tax rate of 20% means roughly 200 extra on top per year. Or I pay the tax for 2023 at once with a 30% discount. That would then be at a 20% rate: 4,000 minus 1,200 equals 2,800 tax back payment, and then it’s settled. So all manageable amounts. Karsten

How do you calculate that? We were completely uninformed back then and ended up stuck with such a home savings account as well.

How much have you withdrawn? Summe x is the housing promotion account, plus 2% interest per annum, until the day your Riester pension becomes a retirement pension and the payout phase begins. Let's assume it was 10,000 euros in 2018. The Riester contract runs until 2030. So 10,000 plus 2%, 10,200 plus 2%, etc. until 2030. Clear?

You can of course also have the amount paid out including subsidies and without repayment of the tax benefits. You then do not get less than you paid in, and it has nothing to do with the costs.

That’s how I understood it as well, hope I’m correct. We do not want to touch these for the time being either, but they are intended as a reserve of the reserve. Regards Olli