Altersvorsorgedepot (German state-subsidised pension depot)

In German: Altersvorsorgedepot

Germany's new state-subsidised private pension account under the Altersvorsorgereformgesetz (promulgated in May 2026); contracts can be opened from 1 January 2027 and replace new Riester contracts. Savings are invested in funds and ETFs (no crypto or leveraged products, up to 100% equities). Subsidy: 50 cents per euro on the first 360 euros a year and 25 cents per euro up to 1,800 euros, so at most 540 euros, plus up to 300 euros per child and a one-off 200 euros bonus for savers under 25. The standard depot may cost at most 1% a year. No tax is due while saving; payouts from age 65 at the earliest (as an annuity or a payout plan to at least 85) are taxed at the personal rate. Details as of October 2026.