{"id":1779292557,"date":"2026-06-30T09:09:16","date_gmt":"2026-06-30T09:09:16","guid":{"rendered":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/uncategorized-en-us\/reduction-in-yield-riy-in-the-altersvorsorgedepot-what-you-need-to-know\/"},"modified":"2026-09-24T10:53:58","modified_gmt":"2026-09-24T10:53:58","slug":"reduction-in-yield-riy-in-the-altersvorsorgedepot-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/reduction-in-yield-riy-in-the-altersvorsorgedepot-what-you-need-to-know\/","title":{"rendered":"Reduction in yield (RIY) in the Altersvorsorgedepot: what you need to know"},"content":{"rendered":"<p class=\"avd-lead\"> The reduction in yield (RIY) shows by how many percentage points the annual return on a securities account is reduced by <strong>all fees together<\/strong> and it is the most important figure for comparing offers honestly. With the <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> it is capped at a maximum of <strong>1% per year<\/strong> per year. <\/p>\n<aside class=\"avd-callout tldr\">\n<p><strong>The key points at a glance:<\/strong><\/p>\n<ul>\n<li>The most important metric for comparing providers<\/li>\n<li>Default standard product: capped by law at max. 1% p.a.<\/li>\n<li>Typical range: 0.3 to 1.8% p.a.<\/li>\n<li>1% difference = 20 to 30% lower final balance after 30 years<\/li>\n<li>Mandatory disclosure in the product information sheet<\/li>\n<\/ul>\n<\/aside>\n<div class=\"avd-toc\">\n<p class=\"avd-toc__title\">Table of contents<\/p>\n<ol>\n<li><a href=\"\/#was-ist\">What is the reduction in yield?<\/a><\/li>\n<li><a href=\"\/#welche\">Which costs are included?<\/a><\/li>\n<li><a href=\"\/#wie-hoch\">How high is the reduction in yield typically?<\/a><\/li>\n<li><a href=\"\/#warum-wichtig\">Why is it so important?<\/a><\/li>\n<li><a href=\"\/#beispiel\">Worked example<\/a><\/li>\n<li><a href=\"\/#faq\">Frequently asked questions<\/a><\/li>\n<\/ol>\n<\/div>\n<section id=\"was-ist\">\n<h2>What is the reduction in yield?<\/h2>\n<p> The reduction in yield, formally known as <em>Reduction in Yield<\/em> (RIY), is a consumer-friendly metric. It translates all the fees of a retirement product into a single percentage figure: <em>How much return does this product cost me per year?<\/em> With a 6% gross return and a 1% reduction in yield, 5% net reaches you. <\/p>\n<\/section>\n<section id=\"welche\">\n<h2>Which costs go into the reduction in yield?<\/h2>\n<ul>\n<li>Acquisition and distribution costs<\/li>\n<li>Administration and securities account costs<\/li>\n<li>Fund costs (TER of the ETFs \/ funds held)<\/li>\n<li>Transaction costs \/ front-end loads<\/li>\n<li>Costs of the decumulation phase (pension administration)<\/li>\n<\/ul>\n<\/section>\n<div class=\"avd-callout zwischenfazit\">\n<p><strong>How strongly do costs affect the return?<\/strong><br \/>The reduction in yield is the most important lever when comparing providers. 0.5% versus 1.5% makes a five- to six-figure difference over 30 years.<\/p>\n<\/div>\n<section id=\"wie-hoch\">\n<h2>How high is the reduction in yield typically?<\/h2>\n<table class=\"avd-table\">\n<thead>\n<tr>\n<th>Product type<\/th>\n<th>Reduction in yield p.a.<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>ETF default standard product (bank\/neobroker)<\/td>\n<td>0.3\u20130.7%<\/td>\n<\/tr>\n<tr>\n<td>Default standard product with active funds<\/td>\n<td>0.7\u20131.0%<\/td>\n<\/tr>\n<tr>\n<td>Premium product with advice<\/td>\n<td>1.0\u20131.8%<\/td>\n<\/tr>\n<tr>\n<td>For comparison: an old Riester contract<\/td>\n<td>1.5\u20132.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/section>\n<figure class=\"avd-figure\">\n<p class=\"avd-figure__title\">Final balance after 30 years, depending on the reduction in yield<\/p>\n<p><img decoding=\"async\" alt=\"Endkapital nach 30 Jahren \u2013 je nach Effektivkosten\" src=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/wp-content\/uploads\/2026\/05\/effektivkosten-01.png\"\/><figcaption>1% less reduction in yield = around \u20ac15,000 more final balance. Over 30 years the difference adds up to tens of thousands of euros.<\/figcaption><\/figure>\n<section id=\"warum-wichtig\">\n<h2>Why is the reduction in yield so important?<\/h2>\n<p> Because over decades it works <strong>exponentially<\/strong> on your money. One percentage point less in costs does not mean 1% more final balance but thanks to <a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/returns-in-the-altersvorsorgedepot-what-is-realistically-achievable\/\" data-wpil-monitor-id=\"4\">compound interest<\/a> quickly 20\u201330%. <\/p>\n<\/section>\n<section id=\"beispiel\">\n<h2>Model calculation: 30 years of saving<\/h2>\n<p>\u20ac200 per month own contribution, 6% gross return, 30-year term:<\/p>\n<table class=\"avd-table\">\n<thead>\n<tr>\n<th>Reduction in yield<\/th>\n<th>Net return<\/th>\n<th>Final balance<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>0.5%<\/td>\n<td>5.5%<\/td>\n<td>~ \u20ac175,000<\/td>\n<\/tr>\n<tr>\n<td>1.0%<\/td>\n<td>5.0%<\/td>\n<td>~ \u20ac160,000<\/td>\n<\/tr>\n<tr>\n<td>1.5%<\/td>\n<td>4.5%<\/td>\n<td>~ \u20ac146,000<\/td>\n<\/tr>\n<tr>\n<td>2.0%<\/td>\n<td>4.0%<\/td>\n<td>~ \u20ac134,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"small muted\">Model calculation, excluding allowances and <a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/deferred-taxation-in-the-altersvorsorgedepot\/\" data-wpil-monitor-id=\"6\">Tax<\/a>. Difference between a cheap and an expensive product: ~ \u20ac40,000.<\/p>\n<\/section>\n<section id=\"personas\">\n<h2>How costs play out in practice<\/h2>\n<div class=\"avd-persona\">\n<p><strong>Anna vs. Bernd, both 30, \u20ac150\/month, 30-year term, 6% gross:<\/strong><\/p>\n<p>Anna chooses an ETF default standard product with a 0.4% reduction in yield, final balance around \u20ac178,000.<\/p>\n<p>Bernd chooses a traditional insurance policy with a 1.7% reduction in yield, final balance around \u20ac132,000.<\/p>\n<p><strong>Difference from costs alone: \u20ac46,000.<\/strong><\/p>\n<\/div>\n<\/section>\n<section class=\"avd-faq\" id=\"faq\">\n<h2>Frequently asked questions about the reduction in yield<\/h2>\n<details>\n<summary>Where do I find the reduction in yield?<\/summary>\n<p>Every provider has to disclose it clearly in the <a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/altersvorsorgedepot\/\" data-wpil-monitor-id=\"5\">product information sheet<\/a> . You will often find two figures: one for 12 years and one for the full term.<\/p>\n<\/details>\n<details>\n<summary>Are the reduction in yield and the TER the same thing?<\/summary>\n<p>No. The TER (Total Expense Ratio) covers only the fund costs. The reduction in yield covers <em>all<\/em> costs: the TER plus acquisition, administration and the pension account.<\/p>\n<\/details>\n<details>\n<summary>Is a 1% reduction in yield a lot?<\/summary>\n<p>It is the statutory upper limit for the default standard product. Pure ETF accounts often manage considerably less. Premium products are frequently above it.<\/p>\n<\/details>\n<details>\n<summary>How can I lower the reduction in yield?<\/summary>\n<p>Choose a provider with an ETF default standard product and pay no advice commission.<\/p>\n<\/details>\n<details>\n<summary>Is 0.3% the technical minimum?<\/summary>\n<p>Pure neobrokers with ETFs below 0.1% TER could offer a reduction in yield of under 0.3% from 2027.<\/p>\n<\/details>\n<details>\n<summary>Does the 1% cap also apply to the decumulation phase?<\/summary>\n<p>Yes, the costs of the <a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/contribution-guarantee-in-the-altersvorsorgedepot-optional-instead-of-mandatory\/\" data-wpil-monitor-id=\"7\">pension phase<\/a> are included in the reduction in yield and therefore have to stay below the cap.<\/p>\n<\/details>\n<\/section>\n<div class=\"avd-callout zwischenfazit\">\n<p><strong>What should I look out for when comparing?<\/strong><br \/>Default standard products are capped by law, premium products can be more expensive. It pays to read the small print.<\/p>\n<\/div>\n<p class=\"small muted\">Last updated: June 2026.<\/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\/default-standard-product-the-low-cost-basic-account-in-the-altersvorsorgedepot\/\">default standard product<\/a><\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/switching-providers-transfer-instead-of-terminating\/\">Switching provider<\/a><\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/returns-in-the-altersvorsorgedepot-what-is-realistically-achievable\/\">return<\/a><\/li>\n<\/ul>\n<p class=\"avd-weiter__lexikon\">All terms at a glance: <a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/altersvorsorgedepot-glossary-all-terms-from-a-to-z\/\">Glossary from A to Z<\/a>.<\/p>\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>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.<\/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":[69,77,75,76],"class_list":["post-1779292557","post","type-post","status-publish","format-standard","hentry","category-what-is","tag-altersvorsorgedepot","tag-default-standard-product","tag-etf","tag-regular-savings-plan"],"_links":{"self":[{"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/posts\/1779292557","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=1779292557"}],"version-history":[{"count":0,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/posts\/1779292557\/revisions"}],"wp:attachment":[{"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/media?parent=1779292557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/categories?post=1779292557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/tags?post=1779292557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}