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Apply for employee savings allowance

  • Steuern und Abgaben 



    	    

		    
Savings benefits invested? 

Then an employee savings allowance may also be granted under certain conditions.

		    


                					    

						    

							    Competent Department
						    

						    
					    

                        
					    

						    

							    Basic information
						    

						    

							    

								    
The employee savings allowance promotes the employee's capital formation through agreed capital-forming benefits (VL). These are funds that the employer invests for the employee in a specific form of investment (e.g. securities savings contract or building society savings contract). 

The savings allowance amounts to 9% (in the case of a building society savings contract or direct use of the VL for housing construction) or 20% (in the case of so-called "participation savings") of the amount of the VL. 

If two eligible contracts are concluded (e.g. a building society savings contract and a securities savings contract), the allowances are granted in parallel.

								    

									    Requirements
The VL are eligible for savings allowances up to a maximum of EUR 470 per year (e.g. for a building society savings contract) or up to a maximum of EUR 400 per year (e.g. for an equity fund), provided that the employee's taxable income does not exceed EUR 17,900 (e.g. for a building society savings contract) or EUR 20,000 (e.g. for an equity fund). 

In the case of joint taxation of spouses, the joint taxable income of the spouses may not exceed EUR 35,800 (e.g. in the case of a home loan and savings contract) or EUR 40,000 (e.g. in the case of an equity fund). The allowance is then granted at nine percent (42.30 euros) or 20 percent (80 euros). 

If both spouses are employed, both can claim the savings allowance. 

If your income exceeds the above-mentioned limits, but is within the limits for the granting of a housing construction premium, you have the option of claiming the VL paid into a building society savings contract as your own payments for the granting of the housing construction premium.