{
  "id": 14887544,
  "title": "Depot: This is how retirement savings for children work",
  "url": "https://urgent.news/2026/10/16/depot-so-funktioniert-die-altersvorsorge-fur-kinder",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-16T05:51:28.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/finanzen/fruehstartrente-im-bundestag-so-funktioniert-die-altersvorsorge-fuer-kinder/100262746.html"
  },
  "original_language": "de",
  "account": "In Berlin, children as young as six can receive a monthly government payment of 10 Euros, earmarked for their future retirement - a concept known as the \"Frühstartrente\". This new initiative aims to provide a starting capital for retirement savings, regardless of the financial situation of the child's parents. The proposal, a draft legislation from the federal government, is set to be voted on by the Bundestag on Friday, and will also need approval from the Bundesrat.\n\nThe payments can be deposited into an ages-old savings account, chosen by the child or their parent's preference, or automatically into a public investment account managed by the Bundesbank. The earnings from these accounts remain tax-free until the beginning of the withdrawal phase. Upon reaching the age of 65, the subsidized capital will be distributed, excluding those who have reached their 65th birthday.\n\nParents and grandparents have the option to further contribute to the child's savings account, up to a yearly limit of 6,840 Euros. The subsidized account, however, is limited to a single standard investment plan with a 1% fee. Before the child turns 18, no fees for account closure or distribution can be charged by any provider. According to the Bundestag's finance committee, the funds are to be invested solely in broadly diversified global stocks or stock funds.",
  "summary": "From spring 2027, a government subsidy is intended to introduce children to old-age provision. The coalition sees an important building block for pensions.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}