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what is

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what is

Permanent allowance application: submit once, allowance every year

July 31, 2026 Rolf Henning Hackel Comments Off on Permanent allowance application: submit once, allowance every year

The permanent allowance application secures the allowance automatically every year. How it works, why it has to be submitted again when you switch provider and what you have to report yourself.

what is

Minimum own contribution: €120 a year keeps the subsidy alive

July 31, 2026 Rolf Henning Hackel Comments Off on Minimum own contribution: €120 a year keeps the subsidy alive

€120 per year is the lower limit for the allowance. Which three thresholds there are, how the basic allowance is staged and what applies with a fluctuating income.

what is

More-favourable-treatment check: allowance or tax deduction, the tax office decides

July 31, 2026 Rolf Henning Hackel Comments Off on More-favourable-treatment check: allowance or tax deduction, the tax office decides

The tax office automatically compares the allowance and the special expenses deduction. At what point the deduction wins, why children shift the threshold and what you have to do.

what is

Inflation and purchasing power: what your securities account will really be worth in 30 years

July 31, 2026 Rolf Henning Hackel Comments Off on Inflation and purchasing power: what your securities account will really be worth in 30 years

Two percent inflation halves purchasing power in 35 years. What separates nominal from real, why guarantees lose in real terms and how the contribution grows along with it.

what is

Switching providers: transfer instead of terminating

July 31, 2026 Rolf Henning Hackel Comments Off on Switching providers: transfer instead of terminating

Switching costs a maximum of €150 in the first five years. The process in five steps, when switching pays off and when you are better off staying in your old contract.

what is

Pension gap: what is missing between your needs and the statutory pension

July 31, 2026 Rolf Henning Hackel Comments Off on Pension gap: what is missing between your needs and the statutory pension

Estimating the pension gap in three steps, why the pension statement is misleading and what it costs to close it. With tables by income and starting age.

what is

Frühstartrente: €10 a month from the state for children aged 6 and up

July 31, 2026 Rolf Henning Hackel Comments Off on Frühstartrente: €10 a month from the state for children aged 6 and up

The Frühstartrente pays children aged 6 to 18 a monthly €10 into their own securities account. How it differs from the child allowance, a model calculation to 67 and what happens at 18.

what is

Non-qualifying withdrawal: what cancelling really costs

July 31, 2026 Rolf Henning Hackel Comments Off on Non-qualifying withdrawal: what cancelling really costs

Cancellation and early withdrawal claw back allowances and tax advantages. What exactly is reclaimed, what remains allowed and what the alternative is.

what is

Altersvorsorgedepot glossary: all terms from A to Z

June 30, 2026 Rolf Henning Hackel Comments Off on Altersvorsorgedepot glossary: all terms from A to Z

Glossary of the Altersvorsorgedepot from 2027: 62 terms from A to Z explained clearly, plus 33 topic pages with model calculations, personas and frequently asked questions.

what is

Reduction in yield (RIY) in the Altersvorsorgedepot: what you need to know

June 30, 2026 Rolf Henning Hackel Comments Off on Reduction in yield (RIY) in the Altersvorsorgedepot: what you need to know

Reduction in yield (RIY) in the Altersvorsorgedepot: what does the 1% limit mean? Which costs are included? How does it affect the return? With a model calculation.

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You cannot open an Altersvorsorgedepot before 1 January 2027. We follow the market and will write to you when there is something real to compare. Independent, with editorial responsibility held by Rolf Henning Hackel, lawyer & financial market expert.

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An independent information site on the Altersvorsorgedepot, the successor to the Riester pension, run by Rolf Henning Hackel, lawyer and financial market expert. Our provider monitor checks commitments and terms directly at the provider every working day.

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Information

  • About us
  • Altersvorsorgedepot glossary: all terms from A to Z
  • Altersvorsorgedepot 2027 - Facts

Topics

  • Frühstartrente (early-start pension for children)
  • Riester switch

Who it's for

  • Altersvorsorgedepot for the self-employed
  • Altersvorsorgedepot for women
  • Altersvorsorgedepot for families
  • Altersvorsorgedepot for young people
  • Altersvorsorgedepot from 50
  • Altersvorsorgedepot for higher earners
  • Altersvorsorgedepot for low earners
  • Altersvorsorgedepot for foreign nationals and cross-border commuters

Neobrokers and brokers

  • Scalable Capital
  • Smartbroker+
  • Traders Place
  • Consorsbank
  • Trade Republic
  • finanzen.net ZERO
  • flatex

Major and direct banks

  • N26
  • Santander / Openbank
  • comdirect
  • Commerzbank
  • DKB
  • HypoVereinsbank
  • ING

Regional banks

  • DekaBank
  • PSD Banken
  • Volks- und Raiffeisenbanken
  • Sparda-Banken

Specialist banks

  • FIL Fondsbank
  • FNZ Bank
  • MorgenFund
  • apoBank
  • Baader Bank

Robo-advisors

  • quirion
  • Ginmon
  • Raisin / WeltSparen
  • Evergreen
  • growney
  • Oskar
  • Whitebox
  • DJE

Apps and fintechs

  • Sunrise
  • beatvest
  • Finanzguru
  • UnitPlus
  • Tomorrow

Insurers

  • ERGO
  • Helvetia
  • Provinzial
  • Württembergische Versicherung
  • Öffentliche Braunschweig
  • Alte Leipziger
  • Debeka
  • HUK-Coburg
  • Liechtenstein Life
  • LVM
  • R+V
  • SV Sachsen
  • VGH
  • VPV
  • Öffentliche Oldenburg
  • ÖSA
  • Allianz
  • AXA
  • Concordia
  • DEVK
  • Hannoversche
  • InterRisk
  • Signal Iduna
  • SV SparkassenVersicherung
  • VOLKSWOHL BUND
  • Zurich
  • BarmeniaGothaer
  • Die Stuttgarter
  • HDI
  • Itzehoer
  • uniVersa
  • Versicherungskammer Bayern

Investment management companies (KVG)

  • Fidelity

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last verified on 24 September 2026

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