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Finances Seedling1 min read

Financial awareness: the Altersvorsorgedepot

Rubin Basha

One should be financially aware, that is at least what I have my ears and eyes open towards often. I heard of a product today that I think is worth sharing. It concerns people living in Germany only.

  • Product: Trade Republic Altersvorsorgedepot, a state-backed retirement account, launches 1 January 2027.
  • Invests in ETFs, funds and bonds for the long term.
  • Cost: free, no custody or savings-plan fees; 1 euro per single trade.
  • Sweet spot: 150 euros a month (1,800/year) unlocks all benefits.
  • State allowance: up to 540 euros a year. Child allowance: up to 300 euros per child per year.
  • Tax deduction: the full 1,800 euros a year lowers taxable income.
  • Tax-free growth while saving.
  • Lock-in: money tied up until 65. Early exit means repaying subsidies and tax breaks.
  • Payout starts between 65 and 70; up to 30% as a lump sum, the rest via a payout plan to at least 85 or a lifelong pension.
  • Riester is replaced for new contracts.

Not financial advice. Check the official sources before deciding.

Originally posted on LinkedIn, where the discussion is.

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