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Altersvorsorgedepot-Ratgeber by Kai Stockschlaeder, insurance broker not tied to any insurance group

Subsidy calculator: what the Altersvorsorgedepot brings compared with an ETF savings plan

The calculator shows subsidies and tax relief separately and compares the subsidised account with an ordinary ETF savings plan: same return, same cost logic, differences only from subsidies, tax and health insurance.

Passed, core rules apply from 1 January 2027 Pension Reform Act (Altersvorsorgereformgesetz) · BGBl. 2026 I Nr. 156 · checked on 23 October 2026

Short answer

Enter your monthly contribution, age, children and tax rates. The calculator applies the basic subsidy, child subsidy and starter bonus under sections 84 to 86 of the German Income Tax Act as in force from 2027, the extra tax relief from the automatic comparison by the tax office, and the result compared with an ETF savings plan. Your entries stay in your browser.

Your details
Tax and health insurance
Assumptions for both options

The assumptions of this calculation

    Statutory values: basic subsidy 50 % up to 360 €, 25 % up to 1,800 €; child subsidy at most 300 € per child; bonus 200 € under 25; minimum contribution 120 € (sections 84 to 86 EStG new version, BGBl. 2026 I No. 156). ETF side: flat-rate tax 25 % plus 5.5 % solidarity surcharge, partial exemption 30 %. Health insurance: 14.0 % plus additional contribution 2.9 % (2026 average), long-term care 3.6 % or 4.2 %.

    Result

    …subsidies in the first year
    …extra tax relief in the first year
    …state support relative to your contributions (whole term)
    Until retirementAltersvorsorgedepotETF savings plan
    Your contributions
    Subsidies (of which child subsidies, bonus)0 €
    Capital at retirement
    Tax (account: your retirement tax rate on everything; ETF: flat-rate tax on the gain)
    Health and long-term care contributions
    Invested tax relief after tax0 €
    After tax and contributions
    in today's purchasing power

    How the calculator works, and what it leaves out

    • Nominal values: all amounts in the table are euros at the time of retirement. The row "in today's purchasing power" converts them back with your inflation assumption.
    • Same logic on both sides: both options get the same return and are charged their running costs. Differences come only from subsidies, tax relief, taxation and health insurance.
    • Simplified taxation: the account's whole capital is taxed at your retirement tax rate; for the ETF, the gain after partial exemption is taxed at the flat rate plus solidarity surcharge, without saver's allowance, advance lump sum and church tax.
    • Health insurance: for voluntarily insured people the calculator deducts contributions on the full account payout, on the ETF only on the gain. The first is the cautious reading, the second my assessment; the contribution ceiling is ignored.
    • Not included: guaranteed products, acquisition costs, transfers, annuity factors, changes in law and rates before retirement.
    • Privacy: the calculation runs entirely in your browser. Nothing is stored or sent.

    Sources

    1. Pension Reform Act, Federal Law Gazette (BGBl.) 2026 I No. 156 (German; sections 10a, 84 to 86 EStG new version)
    2. Section 22 no. 5 EStG (taxation of payouts) (German)
    3. Section 32d EStG, section 4 SolZG, section 20 InvStG (taxation of the ETF plan) (German)

    Kai Stockschlaeder, Insurance broker (§ 34d (1) GewO), not tied to any insurance group · compares all providers

    Published: 25 October 2026 · As of: 25 October 2026