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Determine the tax consequences after entering the payout phase of your pension plan

Service Description

The housing subsidy account is managed by the Central Allowance Office for Pension Assets (ZfA). It records the tax-subsidized pension capital tied up in residential property for subsequent taxation.

At the beginning of the payout phase, the ZfA determines the annual reduction amount. This is based on the balance of your home subsidy account at the start of the payout phase, spread over the years until you reach the age of 85.

In addition to the annual taxation of the reduction amount during the payout phase, you also have the option of a one-off taxation of the housing promotion account, i.e. the complete liquidation of the housing promotion account.

Process flow

  • Your provider will inform the ZfA of the start of the payout phase. The payout phase begins at the latest when you reach the age of 68.
  • You must pay tax on the amounts deposited in the housing promotion account at the beginning of the payout phase.
  • You will receive a notice from the ZfA stating the amount of the annual reduction.
  • Notwithstanding the reduction amount to be determined, you can request the ZfA to close the housing promotion account in full at any time during the disbursement phase.
  • The ZfA will also inform you of this amount in a notice.

Competent authority

Central Allowance Office for Retirement Assets (ZfA) of the German Pension Insurance Association

Requirements

  • You have used the retirement savings capital from your certified retirement savings contract with subsidized contributions for the homeowner pension subsidy (Wohn-Riester).
  • Your contractually agreed payout phase has already begun.

Which documents are required?

None

What are the fees?

There are no costs.

What deadlines do I have to pay attention to?

There is no deadline.

Processing duration

Processing Time: 0 - 4 Weeks

Legal basis

Applications / forms

  • Appeal
  • Action before the tax court

What else should I know?

There are no indications or special features.

Further Information

Author

Central Allowance Office for Retirement Assets (ZfA)


Forwarding service: deep link to the original portal

The text was automatically translated based on the German content.

Technically approved by

Federal Ministry of Finance (BMF)

Professionally released on

27.03.2024

Source: Zuständigkeitsfinder Thüringen (Linie6PLus)

Competent Authority

Zentrale Zulagenstelle für Altersvermögen (ZfA) der Deutschen Rentenversicherung Bund

Address
Geschwister-Scholl-Straße 10-13
14776 Brandenburg an der Havel

Postal address
10868 Berlin, Stadt
Telephone
+49 3381 21677200
E-Mail
Contact us
WWW
Website of the Central Allowance Office for Retirement Assets (ZfA)
Opening times

Office hours
Monday 8:00 -17:00
Tuesday 8:00 - 17:00
Wednesday 8:00 a.m. - 5:00 p.m.
Thursday 8:00 - 17:00
Friday 8:00 - 15:00