What are the tax benefits of a Riester pension in Germany?

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The Riester pension is a statesubsidised private pension scheme available to employees, civil servants, and some other groups subject to mandatory pension insurance. It offers two types of support: direct government allowances (Zulagen) and a tax deduction.

For 2024, the basic allowance is €175 per year per qualifying person. Additional child allowances are €300 per child born after 2008 (€185 for children born before). These allowances are credited to your Riester contract automatically when y

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Retirement

What are the tax benefits of a Riester pension in Germany?