JCD Strategie & Consulting GmbH

    Retirement savings account from 2027

    The government now backs stock market investment – with up to €540 per year in additional funding.

    From 2027, the state will be promoting a retirement account for the first time, with allowances and tax advantages. Do the math or get advice, whether as an employer or employee.

    Calculate fundingArrange a consultation
    40 years
    €150
    ▲ full basic allowance
    Children with child benefit
    0
    €

    Just for the tax benefit. Will not be saved.

    Marital status
    Expert settings
    7.0 %
    1.0 %
    67 years
    20 %
    0 %
    2.5 %
    Kinderzulage bis Alter
    State funding in the first year
    €708per year

    = 39 % on your own contribution of €1,800

    Grundzulage
    €540
    Additional tax benefit (marginal tax rate 30 %)
    €168
    Kapital mit 67
    €163,969
    after 27 years, 6.0 % net
    Auszahlung bis 85
    €983 / month
    net approx. €787
    Total funding
    €19,125
    €14,580 allowances + €4,545 tax advantage
    Your deposits
    €48,600
    27 years × €1,800

    This is how your portfolio grows

    Your depositsZulagenTax benefitsYields
    vorsichtig (4 %)€120,158
    mittel (6 %)€163,969
    optimistisch (8 %)€226,744
    Comparison

    Riester, retirement savings account or ETF savings plan?

    Same contribution, same term. Riester as a typical guaranteed product, the ETF savings plan without subsidies and after withholding tax. For Riester and the retirement savings account, the tax refund is reinvested.

    Capital at the start of retirement

    RiesterGuaranteed product, 2.5 % net€91,653
    Altersvorsorgedepot6.0 % net, including allowances€163,969
    ETF savings plan without funding6.7 % net, after withholding tax€116,742
    RiesterRetirement savings account
    First year allowances€175€540
    Zulagen bis Rentenbeginn€4,725€14,580
    Steuervorteil bis Rentenbeginn€11,417€4,545
    Total funding€16,142€19,125
    Beitragsgarantiejanein
    Earliest start of retirement62 (old contracts)65
    Capital at the start of retirement€91,653€163,969
    €

    Is used as starting capital in both variants.

    A change is voluntary and final.
    When transferring, the contribution guarantee no longer applies, payment begins at the earliest at age 65, and switching costs of up to €150 may apply. We will check this together before you decide.

    For employers

    Does your company pension scheme already have a modern investment quota?

    Even the state relies on investments instead of interest-bearing contracts, which often remain below inflation. Have your company pension scheme thoroughly examined, in terms of employment law and the plan terms, so that your employees continue to find it attractive.

    Have the company pension scheme checkedFor the company pension risk check

    These days, retirement planning is no longer possible without advice.

    Let's compare the advantages and disadvantages of retirement savings accounts and company pension schemes together and find a sensible way for your private provision. We are happy to help, whether you are an employer or an employee.

    Book an appointment

    Model calculation, no guarantee for future performance. Basis: Old Age Provision Reform Act (Federal Law Gazette 2026 I No. 156), early start pension according to the Bundestag resolution of October 16, 2026; Stand October 2026. Tax calculation simplified (tariff 2026, taxable income ≈ 80% of gross, excluding solidarity and church tax). Reimbursed tax benefits can be paid back into the retirement savings account upon request from the following year up to the maximum contribution of 6,840 € per year. Not investment, tax or legal advice.

    Questions and answers about retirement savings accounts

    What is the retirement savings account?

    The retirement savings account is a state-sponsored private pension provision that will be available from January 1, 2027 (Old Pension Reform Act). You save in a securities account, for example with ETFs or stocks, and receive allowances and possibly a tax advantage. It is considered the successor to the Riester pension.

    How much is the funding in the retirement savings account?

    The basic allowance is 50 cents per euro of personal contribution up to €360 per year and 25 cents per euro up to €1,800, together a maximum of €540 per year. Up to €300 is added per child with child benefit, and under 25 years of age there is a one-off €200 career entry bonus. If the special expense deduction brings in more than the allowances, the tax office will reimburse the difference. A total of up to €6,840 can be deposited per year.

    What are the disadvantages of retirement savings accounts?

    There is no guarantee of contribution: the value fluctuates with the capital markets. Payment will be made at the earliest at age 65, mainly as a monthly payment plan; A maximum of 30% is possible as a one-off amount at the start of retirement. The withdrawals are fully taxable in old age. Anyone who cancels beforehand and has the money paid out usually has to pay back allowances and tax advantages.

    Should I switch my Riester contract to a retirement savings account?

    Not without testing. The change is voluntary and final. With the transfer, the premium guarantee no longer applies and the sometimes high guaranteed interest rates from older contracts are lost. Riester contracts also allow you to start your pension earlier: from 62, or even from 60 if taken out before 2012. The retirement savings account only starts at 65. In addition, there are possible switching costs of up to €150. Therefore, have the contract checked beforehand.

    Retirement provision deposit or company pension provision (bAV)?

    Both can be combined. Contributions from the gross income flow into the company pension scheme, tax-free up to €8,112 in 2026 and social security contributions-free up to €4,056. In the case of deferred compensation, the employer must contribute at least 15%; many pay more. Health and nursing care insurance contributions generally apply as you get older. The retirement savings account is saved from the net and is particularly worthwhile for families and lower incomes. Which mixture is suitable depends on the individual case.

    What is the early start pension?

    For children born in 2020 or later, the state pays €10 per month into a retirement savings account from their 6th to their 18th birthday. Parents and grandparents can add on. From the age of 18, the portfolio continues to run as a separate retirement savings account. The Bundestag passed the early start pension on October 16, 2026, the approval of the Bundesrat is still pending.

    Who advises on retirement savings accounts and company pension schemes?

    JCD Strategie & Consulting GmbH in Cologne has been advising on company pension schemes throughout Germany for over 22 years and compares pension savings accounts, Riester and bAV for employers and employees. She checks existing company pension contracts in terms of employment law and collective agreements. The initial consultation is free of charge.

    All questions and answers Free initial consultation

    Status: October 2026. General information – no legal or tax advice in individual cases.

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    In a free initial consultation, we will clarify your initial situation and show you the most sensible options for your company - without obligation and without pressure to sell.

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