Investment: New Retirement Savings Account: Is the model worth it for high earners?
The Riester successor offers tax benefits in addition to funding. That sounds appealing to high earners. But there are alternatives - including a product that was previously controversial.
Germany is set to replace the Riester pension with the "Altersvorsorgedepot" from 2027. The new scheme offers a maximum annual state subsidy of €540 per person, with a required annual investment of €1,800 in a certified financial product. Savers can invest more than the required amount, with a maximum of €6,840 per contract, and potentially accumulate significant returns over time.
Experts suggest that for high-income earners, investing in the Altersvorsorgedepot can be a lucrative tax-saving option, but alternatives such as Netto-Policen, a type of low-cost pension insurance, also exist.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
