Apply for a housing construction premium

Expenses eligible for the housing construction premium are, in particular, payments into a home loan and savings contract, but also other payments, for example for the first purchase of shares in a building or housing cooperative.

The housing construction premium amounts to 10 percent of your premium-eligible expenses each year. For each savings year, the maximum expenses eligible for the premium for the promotion of housing construction are as follows

• EUR 700.00 if you are single, or
• EUR 1,400 if you are married or have entered into a civil partnership (if jointly assessed spouses / civil partners under the LPartG).

The savings year is the calendar year in which you have made the expenses eligible for the premium.

Note: The housing construction premium is not subject to income tax.

Requirements

According to your income tax assessment, your taxable income for the savings year is not higher than

• EUR 35,000 if you are single, or
• EUR 70,000 if you are married or have formed a civil partnership (if jointly assessed spouses / civil partners according to the LPartG).

Please note: You cannot receive both the employee savings allowance and a housing construction premium for capital-forming VL benefits (e.g. when paying into a building society savings contract). This rules out double preferential treatment. For this reason, the expenses for the promotion of housing construction must not be VL for which there is an entitlement to an employee savings allowance. If you are unable to apply for an employee savings allowance, for example because you exceed the income limits, the VL can be included in the application for a housing construction premium and taken into account in the assessment.

What documents do I need?

• Application form sent to you by the investment institution together with the annual account statement