In short
From 2027, new rules apply to saving for old age. Here you will find short answers to the questions that are asked most often.
Last checked: 11 October 2026 · 4 min read · RenteKannMehr editorial team
Now in more detail
Has the reform already been passed?
Yes. The Retirement Provision Reform Act (Altersvorsorgereformgesetz) was promulgated in the Federal Law Gazette (Bundesgesetzblatt) on 29 May 2026. The new subsidy and product rules apply from 1 January 2027.
Can I already open a retirement savings account now?
No. The new products may only be offered from 1 January 2027. Which providers will start then has not yet been settled.
What is the maximum subsidy?
The basic allowance (Grundzulage) is at most €540 a year, reached at €1,800 of your own contributions. For each child for whom child benefit (Kindergeld) is paid, up to €300 is added. Details: Understanding state subsidies.
Do I have to pay in a minimum amount?
To get the allowance, you need to contribute at least €120 of your own money a year.
Does the subsidy also apply to the self-employed?
From 2027, yes, for the first time, subject to statutory conditions – among other things, a tax return must be filed for the contribution year.
Is my money in the retirement savings account guaranteed?
Only if you choose a guarantee product with 80% or 100%. With the retirement savings account (Altersvorsorgedepot) and the standard account (Standarddepot) there is no contribution guarantee; losses are possible. More under Guarantees and their effects.
What will become of my Riester contract?
It continues. You can voluntarily switch to the new system – but then with all your contracts and with no way back. See Existing Riester contracts.
Will there be a state-run standard account?
The law allows the Federal Government to introduce a publicly run standard account by ordinance. Whether and when that will happen is open.
When can I get at the money?
As a rule, at the age of 65 at the earliest. At the start, up to 30% can be paid out in one go. See Payout phase and taxation.
More questions?
If you have more questions, talk to a personal adviser near you. They can look at your situation in detail. Asking is free and without obligation.