{"id":1779292556,"date":"2026-06-30T09:09:17","date_gmt":"2026-06-30T09:09:17","guid":{"rendered":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/uncategorized-en-us\/altersvorsorgedepot-glossary-all-terms-from-a-to-z\/"},"modified":"2026-09-24T10:53:58","modified_gmt":"2026-09-24T10:53:58","slug":"altersvorsorgedepot-glossary-all-terms-from-a-to-z","status":"publish","type":"post","link":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/altersvorsorgedepot-glossary-all-terms-from-a-to-z\/","title":{"rendered":"Altersvorsorgedepot glossary: all terms from A to Z"},"content":{"rendered":"<p class=\"avd-lead\"> From 1 January 2027, the Altersvorsorgedepot (Germany&#8217;s state-subsidized retirement investment account) replaces the Riester pension. This glossary explains 62 terms from A to Z, briefly and without adviser jargon. For 33 topics there is a dedicated page with model calculations, personas and frequently asked questions. If you are looking into the subject for the first time, it is best to start with the Altersvorsorgedepot itself and work onwards from there. <\/p>\n<section id=\"begriffe-uebersicht\">\n<h2>Key terms around the Altersvorsorgedepot<\/h2>\n<p>The following 33 topics have their own detailed glossary page with model calculations, personas and FAQs:<\/p>\n<ul class=\"term-list\">\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/altersvorsorgedepot\/\">Altersvorsorgedepot<\/a>, the new state-subsidized securities account from 2027 at a glance.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/basic-allowance-in-the-altersvorsorgedepot-up-to-e540-per-year-from-the-state\/\">basic allowance<\/a>, up to \u20ac540 per year from the state, in proportion to what you pay in.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/child-allowance-in-the-altersvorsorgedepot-e300-per-child-per-year\/\">child allowance<\/a>, \u20ac300 per child per year, from an own contribution of just \u20ac25 per month.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/career-starter-bonus-e200-free-for-young-savers\/\">career starter bonus<\/a>, a one-off \u20ac200 if you sign up before your 25th birthday.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/more-favourable-treatment-check-allowance-or-tax-deduction-the-tax-office-decides\/\">G\u00fcnstigerpr\u00fcfung (more-favourable-treatment check)<\/a>, the tipping point between allowance and tax deduction, calculated by number of children.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/minimum-own-contribution-e120-a-year-keeps-the-subsidy-alive\/\">minimum own contribution<\/a>, the three thresholds of \u20ac120, \u20ac300 and \u20ac1,800 cleanly separated.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/permanent-allowance-application-submit-once-allowance-every-year\/\">permanent allowance application<\/a>, file it once and it stays valid. The pitfall when switching providers.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/was-ist\/fruehstart-rente\/\">Fr\u00fchstart-Rente (early-start pension for children)<\/a>, the child&#8217;s own securities account from age 6, set apart from the child allowance.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/default-standard-product-the-low-cost-basic-account-in-the-altersvorsorgedepot\/\">default standard product<\/a>, the statutory basic offering with a cost cap of 1% per year.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/reduction-in-yield-riy-in-the-altersvorsorgedepot-what-you-need-to-know\/\">Reduction in yield<\/a>, the metric that lets you compare offers honestly.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/deferred-taxation-in-the-altersvorsorgedepot\/\">Deferred taxation<\/a>, save tax today, pay tax later in retirement.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/special-expenses-deduction-in-the-altersvorsorgedepot-e1800-plus-allowance-entitlement\/\">special expenses deduction<\/a>, \u20ac1,800 plus your allowance entitlement as the assessment basis.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/life-annuity-in-the-altersvorsorgedepot-a-guaranteed-pension-for-life\/\">life annuity<\/a>, the lifelong monthly pension in the Altersvorsorgedepot.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/drawdown-plan-to-age-85-the-flexible-alternative-to-a-life-annuity\/\">drawdown plan to age 85<\/a>, the flexible alternative to the life annuity.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/contribution-guarantee-in-the-altersvorsorgedepot-optional-instead-of-mandatory\/\">contribution guarantee<\/a>, the optional 80 or 100 percent guarantee.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/etfs-in-the-altersvorsorgedepot-the-heart-of-the-new-retirement-provision\/\">ETFs in the Altersvorsorgedepot<\/a>, definition, selection and tax rules.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/regular-savings-plan-in-the-altersvorsorgedepot-save-into-etfs-automatically-every-month\/\">regular savings plan<\/a>, save automatically every month and make use of cost averaging and compounding.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/pension-gap-what-is-missing-between-your-needs-and-the-statutory-pension\/\">Pension gap<\/a>, estimate the gap and read off the contribution you need by starting age.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/inflation-and-purchasing-power-what-your-securities-account-will-really-be-worth-in-30-years\/\">Inflation and purchasing power<\/a>, nominal versus real, and why guarantees lose in real terms.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/riester-pension-vs-altersvorsorgedepot-germanys-state-subsidized-retirement-investment-account-switch-or-stay\/\">Riester pension vs. Altersvorsorgedepot<\/a>, what happens to old contracts?<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/altersvorsorgedepot-germanys-state-subsidized-retirement-investment-account-vs-ruerup-pension-what-makes-sense-for-the-self-employed\/\">Altersvorsorgedepot vs. R\u00fcrup pension<\/a>, a comparison specifically for the self-employed.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/retirement-provision-reform-act-altersvorsorgereformgesetz-the-law-behind-the-altersvorsorgedepot\/\">Retirement Provision Reform Act<\/a>, the law behind the reform.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/the-10-most-common-mistakes-with-the-altersvorsorgedepot\/\">Common mistakes<\/a>, the 10 typical pitfalls and how to avoid them.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/annex-av-pension-section-of-the-german-tax-return-entering-the-altersvorsorgedepot-in-your-tax-return\/\">Anlage AV<\/a>, entering contributions in your income tax return, step by step.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/compound-interest-in-the-altersvorsorgedepot-why-starting-early-changes-everything\/\">compound interest<\/a>, why starting early changes everything, with model calculations over 40 years.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/returns-in-the-altersvorsorgedepot-what-is-realistically-achievable\/\">return<\/a>, what is realistically achievable, depending on the AVD variant.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/switching-from-riester-to-the-altersvorsorgedepot-how-it-works\/\">Switching from Riester to the Altersvorsorgedepot<\/a>, when is it worth it and when is it not? Step by step.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/switching-providers-transfer-instead-of-terminating\/\">Switching provider<\/a>, transfer instead of cancelling, calculated by remaining term.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/non-qualifying-withdrawal-what-cancelling-really-costs\/\">Non-qualifying withdrawal<\/a>, what cancelling costs and what you can do instead.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/the-self-employed-in-the-altersvorsorgedepot-fully-eligible-for-the-subsidy-for-the-first-time\/\">The self-employed in the Altersvorsorgedepot<\/a>, fully eligible for the subsidy for the first time from 2027, with examples for freelance professionals.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/zfa-the-central-allowance-office-for-retirement-assets-explained-simply\/\">ZfA (allowance office)<\/a>, the authority behind the allowances, process and timing.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/lifecycle-model-in-the-altersvorsorgedepot-the-glidepath-explained-simply\/\">lifecycle model<\/a>, a glidepath as a high-return alternative to the contribution guarantee.<\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/inheritance-of-the-altersvorsorgedepot-what-heirs-receive\/\">Inheriting the Altersvorsorgedepot<\/a>, any remaining capital passes to the heirs, unlike with R\u00fcrup.<\/li>\n<\/ul>\n<\/section>\n<hr\/>\n<section id=\"a-z\">\n<h2>Glossary from A to Z<\/h2>\n<p>62 terms around the Altersvorsorgedepot, briefly defined. Linked terms have their own detailed glossary page.<\/p>\n<h3>A<\/h3>\n<ul class=\"az-list\">\n<li><strong>Flat-rate withholding tax on investment income<\/strong>, a flat 25% tax on capital income. In the Altersvorsorgedepot it does <em>not<\/em> apply; returns are only taxed in retirement.<\/li>\n<li><strong>Equities<\/strong>, shares in companies, permitted in the Altersvorsorgedepot as a direct investment or through ETFs.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/altersvorsorgedepot\/\">Altersvorsorgedepot<\/a><\/strong>, a state-subsidized securities account that replaces the Riester pension from 1 January 2027.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/retirement-provision-reform-act-altersvorsorgereformgesetz-the-law-behind-the-altersvorsorgedepot\/\">Retirement Provision Reform Act<\/a><\/strong>, a federal act from spring 2026; creates the Altersvorsorgedepot and the Fr\u00fchstart-Rente.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/switching-providers-transfer-instead-of-terminating\/\">Switching provider<\/a><\/strong>, changing your account provider. Simplified by law; a maximum fee of \u20ac150 in the first 5 years.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/annex-av-pension-section-of-the-german-tax-return-entering-the-altersvorsorgedepot-in-your-tax-return\/\">Anlage AV<\/a><\/strong>, the income tax return form for contributions to subsidized retirement provision. Triggers the more-favourable-treatment check.<\/li>\n<li><strong>Bonds<\/strong>, fixed-income securities (e.g. government bonds), permitted as a safe addition in the securities account.<\/li>\n<li><strong>Accumulation phase<\/strong>, the period in which savers pay in contributions and the capital is invested.<\/li>\n<li><strong>Accrued entitlement<\/strong>, the capital saved so far plus the allowances received.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/drawdown-plan-to-age-85-the-flexible-alternative-to-a-life-annuity\/\">drawdown plan to age 85<\/a><\/strong>, a flexible payout option: the account balance is paid out evenly up to the age of 85.<\/li>\n<li><strong>decumulation phase<\/strong>, begins between the ages of 65 and 70; a choice between a life annuity and a drawdown plan.<\/li>\n<\/ul>\n<h3>B<\/h3>\n<ul class=\"az-list\">\n<li><strong>Civil servants<\/strong>, are directly eligible for the subsidy after the reform if they consent to their data being transmitted to the ZfA.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/contribution-guarantee-in-the-altersvorsorgedepot-optional-instead-of-mandatory\/\">contribution guarantee<\/a><\/strong>, the provider&#8217;s promise that the contributions paid in will be preserved in full or in part at the start of retirement.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/career-starter-bonus-e200-free-for-young-savers\/\">career starter bonus<\/a><\/strong>, a one-off allowance of \u20ac200 when you sign up before your 25th birthday.<\/li>\n<li><strong>Professional pension schemes<\/strong>, pension funds for doctors or lawyers, for example. Their members are also eligible for the subsidy from 2027.<\/li>\n<li><strong>Riester grandfathering<\/strong>, existing Riester contracts continue unchanged; allowances are retained.<\/li>\n<li><strong>Federal Central Tax Office (BZSt)<\/strong>, certifies retirement provision contracts and reviews providers.<\/li>\n<\/ul>\n<h3>C<\/h3>\n<ul class=\"az-list\">\n<li><strong>Cost averaging<\/strong>, with a savings plan you buy more units when prices are low and fewer when prices are high. This lowers entry risk over the long term.<\/li>\n<\/ul>\n<h3>D<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/permanent-allowance-application-submit-once-allowance-every-year\/\">permanent allowance application<\/a><\/strong>, a one-off power of attorney authorizing your provider to apply for the allowance automatically at the ZfA every year. It has to be granted again when you switch providers.<\/li>\n<li><strong>Diversification<\/strong>, spreading risk by distributing capital across many investments. ETFs on the MSCI World, for example, cover around 1,500 stocks.<\/li>\n<li><strong>Three-pillar model<\/strong>, German retirement provision with the statutory pension (pillar 1), occupational pensions (pillar 2) and private provision (pillar 3). The Altersvorsorgedepot belongs to pillar 3.<\/li>\n<\/ul>\n<h3>E<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/reduction-in-yield-riy-in-the-altersvorsorgedepot-what-you-need-to-know\/\">Reduction in yield<\/a><\/strong>, the loss of return caused by all costs together. Capped at a maximum of 1% p.a. for the default standard product.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/etfs-in-the-altersvorsorgedepot-the-heart-of-the-new-retirement-provision\/\">ETF<\/a><\/strong>, exchange traded fund. An exchange-traded index fund with low fees, the core investment in the Altersvorsorgedepot.<\/li>\n<\/ul>\n<h3>F<\/h3>\n<ul class=\"az-list\">\n<li><strong>Maximum subsidized amount<\/strong>, the maximum own contribution eligible for the subsidy: \u20ac1,800 per year for the basic allowance; a further \u20ac5,040 can be paid in without subsidy.<\/li>\n<li><strong>Subsidy rate<\/strong>, the share of government subsidy in the total amount saved. The lower your income, the higher the subsidy rate.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/non-qualifying-withdrawal-what-cancelling-really-costs\/\">Non-qualifying withdrawal<\/a><\/strong>, cancelling or withdrawing outside the rules. Allowances and tax advantages are reclaimed. Suspending contributions is usually the better route.<\/li>\n<li><strong>Funds<\/strong>, pooled assets in which investors&#8217; money is invested according to a defined strategy. Actively managed or passive (ETF).<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/was-ist\/fruehstart-rente\/\">Fr\u00fchstart-Rente (early-start pension for children)<\/a><\/strong>, a child&#8217;s own subsidized securities account for children aged 6 to 18, with \u20ac10 per month from the state. Separate from the child allowance, which flows into the parents&#8217; securities account.<\/li>\n<\/ul>\n<h3>G<\/h3>\n<ul class=\"az-list\">\n<li><strong>Guarantee product<\/strong>, an Altersvorsorgedepot variant with a promised contribution guarantee (80% or 100%).<\/li>\n<li><strong>Statutory pension insurance<\/strong>, the first pillar of retirement provision. Compulsory insurance for most employees.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/basic-allowance-in-the-altersvorsorgedepot-up-to-e540-per-year-from-the-state\/\">basic allowance<\/a><\/strong>, a direct government payment of up to \u20ac540 per year.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/more-favourable-treatment-check-allowance-or-tax-deduction-the-tax-office-decides\/\">G\u00fcnstigerpr\u00fcfung (more-favourable-treatment check)<\/a><\/strong>, the tax office automatically compares the allowance with the special expenses deduction and applies whichever route is better for you. This requires Anlage AV.<\/li>\n<\/ul>\n<h3>H<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/the-10-most-common-mistakes-with-the-altersvorsorgedepot\/\">Common mistakes<\/a><\/strong>, the ten pitfalls that cost savers the most money in the Altersvorsorgedepot.<\/li>\n<\/ul>\n<h3>I<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/inflation-and-purchasing-power-what-your-securities-account-will-really-be-worth-in-30-years\/\">Inflation<\/a><\/strong>, nominal is the figure on your account statement, real is what you can actually buy with it. Over 30 years the two values are far apart.<\/li>\n<li><strong>ISIN<\/strong>, International Securities Identification Number, a 12-character code that uniquely identifies every security.<\/li>\n<\/ul>\n<h3>K<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/child-allowance-in-the-altersvorsorgedepot-e300-per-child-per-year\/\">child allowance<\/a><\/strong>, \u20ac300 per year for each child you receive child benefit for, available in full from an own contribution of just \u20ac300.<\/li>\n<\/ul>\n<h3>L<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/lifecycle-model-in-the-altersvorsorgedepot-the-glidepath-explained-simply\/\">lifecycle model<\/a><\/strong>, the equity allocation falls automatically as the start of retirement approaches. An alternative to a fixed contribution guarantee.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/life-annuity-in-the-altersvorsorgedepot-a-guaranteed-pension-for-life\/\">life annuity<\/a><\/strong>, a lifelong monthly pension payment; the amount follows from the annuity factor.<\/li>\n<\/ul>\n<h3>M<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/minimum-own-contribution-e120-a-year-keeps-the-subsidy-alive\/\">minimum own contribution<\/a><\/strong>, \u20ac120 per year, or \u20ac10 a month. If you stay below that, you lose the allowance entirely, including the child allowance.<\/li>\n<\/ul>\n<h3>N<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/deferred-taxation-in-the-altersvorsorgedepot\/\">Deferred taxation<\/a><\/strong>, tax savings today (during the accumulation phase), taxation at your personal tax rate later when the money is paid out.<\/li>\n<li><strong>Neobroker<\/strong>, digital securities brokers (Trade Republic, Scalable, Finanzen Zero); many are expected to offer Altersvorsorgedepots from 2027.<\/li>\n<\/ul>\n<h3>P<\/h3>\n<ul class=\"az-list\">\n<li><strong>Compulsorily insured persons<\/strong>, people insured under the statutory pension insurance. They are automatically eligible for the subsidy.<\/li>\n<li><strong>Private retirement provision<\/strong>, pillar 3 of retirement provision. Examples: the Altersvorsorgedepot, R\u00fcrup, private pension insurance.<\/li>\n<\/ul>\n<h3>R<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/returns-in-the-altersvorsorgedepot-what-is-realistically-achievable\/\">return<\/a><\/strong>, the percentage return on an investment. The long-term return on equities has historically been around 6\u20138% per year.<\/li>\n<li><strong>Annuity factor<\/strong>, indicates how many euros of monthly pension are paid out per \u20ac10,000 of capital.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/pension-gap-what-is-missing-between-your-needs-and-the-statutory-pension\/\">Pension gap<\/a><\/strong>, the distance between your last net income and your later statutory pension. It is the starting point for every contribution.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/riester-pension-vs-altersvorsorgedepot-germanys-state-subsidized-retirement-investment-account-switch-or-stay\/\">Riester pension<\/a><\/strong>, the predecessor of the Altersvorsorgedepot; no new contracts from 2027, existing contracts remain.<\/li>\n<li><strong>Robo-advisor<\/strong>, a digital asset manager that runs ETF portfolios automatically. One possible provider type.<\/li>\n<li><strong>R\u00fcrup pension<\/strong>, the Basisrente under \u00a7 10 EStG, aimed specifically at the self-employed. Unlike the Altersvorsorgedepot it cannot be inherited or used as loan collateral.<\/li>\n<\/ul>\n<h3>S<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/the-self-employed-in-the-altersvorsorgedepot-fully-eligible-for-the-subsidy-for-the-first-time\/\">Self-employed<\/a><\/strong>, eligible for the subsidy in full for the first time from 2027, regardless of compulsory pension insurance.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/special-expenses-deduction-in-the-altersvorsorgedepot-e1800-plus-allowance-entitlement\/\">special expenses deduction<\/a><\/strong>, contributions of up to \u20ac1,800 plus your allowance entitlement are tax deductible.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/regular-savings-plan-in-the-altersvorsorgedepot-save-into-etfs-automatically-every-month\/\">regular savings plan<\/a><\/strong>, the automatic regular purchase of ETFs or funds, the heart of a good Altersvorsorgedepot.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/default-standard-product-the-low-cost-basic-account-in-the-altersvorsorgedepot\/\">default standard product<\/a><\/strong>, the statutory basic product every provider has to offer, with a cost cap.<\/li>\n<\/ul>\n<h3>T<\/h3>\n<ul class=\"az-list\">\n<li><strong>Partial lump-sum payment<\/strong>, up to 30% of the account value may be withdrawn as a one-off payment at the start of retirement.<\/li>\n<li><strong>TER (Total Expense Ratio)<\/strong>, the ongoing annual costs of an ETF or fund, expressed as a % of the amount invested.<\/li>\n<\/ul>\n<h3>V<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/inheritance-of-the-altersvorsorgedepot-what-heirs-receive\/\">Inheritance<\/a><\/strong>, any remaining capital passes into the estate. Unlike the R\u00fcrup pension, where the balance lapses in the standard case.<\/li>\n<li><strong>Vorabpauschale (advance lump-sum taxation)<\/strong>, the investment tax on accumulating funds. In the Altersvorsorgedepot it does <em>not<\/em>apply, because returns are only taxed in the decumulation phase.<\/li>\n<\/ul>\n<h3>W<\/h3>\n<ul class=\"az-list\">\n<li><strong>Securities account<\/strong>, an account for holding securities. The Altersvorsorgedepot is a special, subsidized form of it.<\/li>\n<li><strong>Wohn-Riester<\/strong>, a variant of the Riester pension for financing an owner-occupied home. A direct housing variant is not planned for the Altersvorsorgedepot (as of 2026).<\/li>\n<\/ul>\n<h3>Z<\/h3>\n<ul class=\"az-list\">\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/zfa-the-central-allowance-office-for-retirement-assets-explained-simply\/\">Zentrale Zulagenstelle f\u00fcr Altersverm\u00f6gen (ZfA)<\/a><\/strong>, the authority at Deutsche Rentenversicherung Bund that administers and pays out the allowances.<\/li>\n<li><strong>Certification<\/strong>, a precondition for the subsidy: every contract has to be certified by the BZSt.<\/li>\n<li><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/compound-interest-in-the-altersvorsorgedepot-why-starting-early-changes-everything\/\">compound interest<\/a><\/strong>, returns generate further returns. Over 40 years that quickly turns \u20ac100\/month into six-figure sums.<\/li>\n<\/ul>\n<\/section>\n<p class=\"small muted\" style=\"margin-top:32px;\"> Last updated: August 2026. Sources include: Federal Ministry of Finance, German federal government, German Bundestag (printed paper 21\/4088), Bundesrat, Deutsche Rentenversicherung, Stiftung Warentest, Verbraucherzentrale. <\/p>\n<section class=\"avd-weiter\">\n<h2>Keep calculating and reading<\/h2>\n<p class=\"avd-weiter__rechner\"><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/altersvorsorgedepot-calculator-extended\/\">Altersvorsorgedepot calculator Plus<\/a><\/strong> \u2014 calculate the subsidy, tax advantage and final balance for your own situation.<\/p>\n<ul class=\"avd-weiter__links\">\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/altersvorsorgedepot\/\">Altersvorsorgedepot<\/a><\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/more-favourable-treatment-check-allowance-or-tax-deduction-the-tax-office-decides\/\">G\u00fcnstigerpr\u00fcfung (more-favourable-treatment check)<\/a><\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/pension-gap-what-is-missing-between-your-needs-and-the-statutory-pension\/\">Pension gap<\/a><\/li>\n<\/ul>\n<\/section>\n<section class=\"avd-sources\">\n<h2>Official sources and further information<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.bundesfinanzministerium.de\/Content\/DE\/FAQ\/reform-der-privaten-altersvorsorge.html\" rel=\"external nofollow\" target=\"_blank\">Federal Ministry of Finance, FAQ on the reform of private retirement provision<\/a><\/li>\n<li><a href=\"https:\/\/www.bundesregierung.de\/breg-de\/aktuelles\/reform-private-altersvorsorge-2400072\" rel=\"external nofollow\" target=\"_blank\">German federal government, private retirement provision reform<\/a><\/li>\n<li><a href=\"https:\/\/www.bundestag.de\/dokumente\/textarchiv\/2026\/kw13-de-altersvorsorge-1156798\" rel=\"external nofollow\" target=\"_blank\">German Bundestag, resolution on the Altersvorsorgedepot (calendar week 13\/2026)<\/a><\/li>\n<li><a href=\"https:\/\/dserver.bundestag.de\/btd\/21\/040\/2104088.pdf\" rel=\"external nofollow\" target=\"_blank\">Bundestag printed paper 21\/4088 (PDF)<\/a><\/li>\n<li><a href=\"https:\/\/www.deutsche-rentenversicherung.de\/DRV\/DE\/Ueber-uns-und-Presse\/Presse\/Meldungen\/2026\/260508-bundesrat-reform-private-altersvorsorge.html\" rel=\"external nofollow\" target=\"_blank\">Deutsche Rentenversicherung, reform announcement<\/a><\/li>\n<li><a href=\"https:\/\/www.test.de\/Altersvorsorgedepot-4910361-0\/\" rel=\"external nofollow\" target=\"_blank\">Stiftung Warentest, Altersvorsorgedepot<\/a><\/li>\n<li><a href=\"https:\/\/www.verbraucherzentrale.de\/wissen\/geld-versicherungen\/altersvorsorge\/neues-altersvorsorgedepot-rentenchance-oder-teure-verkaufsfalle-118178\" rel=\"external nofollow\" target=\"_blank\">Verbraucherzentrale, the new Altersvorsorgedepot: opportunity or sales trap?<\/a><\/li>\n<\/ul>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_metasync_otto_title":"","_metasync_otto_description":"","_metasync_otto_keywords":"","_metasync_otto_og_title":"","_metasync_otto_og_description":"","_metasync_otto_twitter_title":"","_metasync_otto_twitter_description":"","rank_math_title":"","rank_math_description":"","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"","_aioseo_title":"","_aioseo_description":"","_metasync_seo_title":"","_metasync_seo_desc":"","_metasync_breadcrumb_title":"","_metasync_primary_category":0,"_metasync_primary_product_cat":0,"_metasync_otto_disabled":"","_metasync_hreflang":"","_metasync_plugin_sync_ts":"","_metasync_robots_advanced":"","footnotes":""},"categories":[68],"tags":[69],"class_list":["post-1779292556","post","type-post","status-publish","format-standard","hentry","category-what-is","tag-altersvorsorgedepot"],"_links":{"self":[{"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/posts\/1779292556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/comments?post=1779292556"}],"version-history":[{"count":0,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/posts\/1779292556\/revisions"}],"wp:attachment":[{"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/media?parent=1779292556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/categories?post=1779292556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/tags?post=1779292556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}