Retirement Provision Depot (Altersvorsorgedepot)

The Retirement Provision Depot is a new, already legally adopted component of private retirement provision in Germany and will be available starting January 1, 2027. It enables long-term asset accumulation through funds and other investments within a state-subsidized provision framework.

The background is the Retirement Provision Reform Act (Altersvorsorgereformgesetz), with which the legislator aims to modernize private retirement provision, promote higher-yield capital market investments, and make private provision more attractive and easier to access. The Retirement Provision Depot provides a contemporary alternative to classic, guarantee-based provision products.

In short: You invest for the long term in the capital market, benefit from state subsidies, and build up additional assets for retirement.

• Return Opportunities:
  Through investments in fund shares (in particular broadly diversified UCITS funds, which include many ETFs), yield opportunities can be utilized over the long term. In the standard Retirement Provision Depot, the selection of investments is made by the provider.
• State Subsidies:

  Depending on the design of the legal regulations, investors benefit from allowances, tax advantages, or other subsidy mechanisms.

• Flexible Asset Accumulation:

  Investment strategies can be individually adjusted to age, risk appetite, and personal provision goals. Unlike classic provision products, neither minimum capital nor minimum performance is guaranteed in the Retirement Provision Depot; within the framework provided by law, the proportion of riskier investments is automatically reduced in the final years before retirement.

• Transparency:

  The development of the provision assets can be tracked at any time.

  Investors see directly how their investments are performing.

• Complement to the Statutory Pension:

  The Retirement Provision Depot helps close potential provision gaps in retirement and strengthens financial independence.

Subsidy schemes

• Basic Allowance (Grundzulage):

  State subsidy on personal contributions; depending on the legal design, eligible individuals can receive an annual basic allowance.

• Child Allowance (Kinderzulage):

  Additional support for families with children eligible for child benefit (Kindergeld); the allowance is credited directly to the Retirement Provision Depot.

• Tax Subsidies:

  Contributions can be deducted for tax purposes within the statutory maximum limits (favourability test /

  Günstigerprüfung).

• Subsidy for Career Starters:

  Young savers can benefit from additional incentives to start building assets early.

Subsidy Limits (As of September 2026)

• Basic Allowance:

  50 cents per euro on the first €360 of personal contribution, 25 cents per euro on the personal contribution between €360.01 and €1,800 – the basic allowance is granted only up to a personal contribution of €1,800 per year and thus amounts to a maximum of €540 per year.

• Child Allowance:

  100% of the retirement provision contributions made, capped at a maximum of €300 per child and year.

• Career Starter Bonus:

  A one-time €200 for savers under the age of 25.

• Minimum Personal Contribution:

  Starting from the 2027 contribution year, the basic allowance and child allowance will only be granted if a minimum personal contribution of €120 is made annually.

• Maximum Contribution:

  Regardless of allowance subsidies, annual contributions to a Retirement Provision Depot contract are legally limited to a total of €6,840.

In addition to personal contributions, state allowances and tax advantages can support asset accumulation. This increases the effective savings performance and accelerates long-term capital growth.
The earlier saving begins, the stronger the compound-interest-like effect through the reinvestment of capital gains and distributions can work.

Please note: No liability can be assumed for the up-to-dateness, correctness, and completeness of the information.

Important Legal Notice: The information provided on this page regarding the new Retirement Provision Depot (AVD) is for general orientation and information purposes only. It does not constitute investment, financial, or tax advice and cannot replace it. All details regarding state subsidies, allowances, and tax regulations are subject to the respective laws and corresponding ordinances. Legally binding claims cannot be derived from this.

General notice

The sole binding basis for the purchase of investment fund units is the key investor information, the applicable sales prospectus with the investment conditions and the most recently published annual and/or semi-annual report of the respective investment fund.

These documents are available in German free of charge as a download on our website under the respective fund portrait or by post from Siemens Fonds Invest GmbH, 80200 Munich. The explanations are based on the current legal and tax situation. The tax assessment depends on the personal circumstances of the individual investor and may be subject to changes in the future. Such changes can also be introduced retroactively and have a negative impact on tax treatment.

Siemens Fonds Invest GmbH therefore recommends that interested investors obtain detailed information before purchasing investment fund units. Investment fund units are subject to fluctuations in value. Past values are not a reliable indicator of future results. Assets can go down as well as up. Investing in investment fund units therefore also carries the risk of losses and investors may not get back the full amount invested.

The sole purpose of this website is to provide information about Siemens Fonds Invest GmbH and the products of Siemens Fonds Invest GmbH approved for distribution in Germany. The information on this website is intended exclusively for persons who are resident in Germany or who access this website from Germany and, in particular, is not intended for nationals or residents of the USA.

The information and products presented do not constitute a recommendation or solicitation to purchase or sell investment fund units or investment advice. The information and assessments presented on this website are based on the information available to Siemens Fonds Invest GmbH at the time of publication and are subject to change at any time without notice.

The data used comes from various sources that have been assessed as accurate and reliable; however, their completeness and accuracy are not guaranteed.

Siemens Fonds Invest products are available in Germany, and this content is legally binding only in Germany. This content viewed in other countries is for informational purposes only. Please see our legal notice.