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Employee savings allowance Granting


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 following information is transmitted electronically to the tax office after the end of the calendar year in which the capital-forming benefits were paid, subject to consent:

  • the annual amount and type of investment of the VL,
  • the calendar year to which the VL are to be allocated and
  • the end of the blocking period, if applicable.

The savings bonus is 9%(in the case of a home loan and savings contract or the direct use of capital-forming benefits to build a home)
or
20% (for so-called participation savings)of the amount of the capital-forming benefits.

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

The employee savings allowance is determined annually by the tax office as part of your income tax assessment and paid to the investment institution in one lump sum after the determination period has expired (usually 7 years).

Who should I contact?

Tax offices

Competent authority

Country

Requirements

  • Income limits
    • Thetaxable income (see Section 2 of the Income Tax Act) of the employee may not exceed EUR 17,900 (e.g. for a home loan and savings contract) or EUR 20,000 (e.g. for an equity fund). For capital-forming benefits invested after December 31, 2023, the taxable income may not exceed EUR 40,000.
    • In the case of joint taxation of spouses, the amounts are doubled.
    • If the income exceeds the aforementioned limits, but is within the limits for the granting of a housing construction premium, it is possible to claim the capital-forming benefits paid into a building society savings contract as own payments for the granting of the housing construction premium.
  • Maximum amount of the subsidized amounts
    • The capital-forming benefits are eligible for the savings bonus 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). The allowance is then granted at nine percent of a maximum of (42.30 euros) or 20 percent of a maximum of (80 euros).
    • If both spouses are employed, both can claim the savings allowance.
  • Deadline for submission

The application for the employee savings allowance must be submitted by the end of the fourth year after the savings year at the latest.

  • Consent to data transfer

Which documents are required?

The income tax return

What are the fees?

Emission: free of charge

Author

The text was automatically translated based on the German content.

Data protection information


Landkreis Emsland
Address: Ordeniederung 1 , 49716 Meppen
Timetable
Postal address: Post Office Box 15 62 , 49705 Meppen
Timetable
Telephone: 05931 44-0
Fax: 05931 44-3621
Transport Connection:
Station Haltestelle Kreishaus
Bus: 993

Building Access
elevator available, wheelchair-accessible
bank account:
recipients: Landkreis Emsland
bank: Emsländische Volksbank
BIC: GENODEF1LIG
IBAN: DE26266600600120050000
recipients: Landkreis Emsland
bank: Sparkasse Emsland
BIC: NOLADE21EMS
IBAN: DE39266500010000001339
recipients: Landkreis Emsland
bank: Postbank Hannover
BIC: PBNKDEFF250
IBAN: DE36250100300012132306

Ansprechpartner

Marc-André Burgdorf
responsible for:
Bernd Otten (Datenschutzbeauftragter)
Telephone: 05931 44-1605
Fax: 05931 44-391605
Room:
605
responsible for:

Landesbeauftragte für den Datenschutz Niedersachsen
Address: Prinzenstraße 5, 30159 Hannover
Timetable
Telephone: +49 511 12045-00
Fax: +49 511 12045-99

Source: Serviceportal Niedersachsen (Portalverbund des Bundes und der Länder)