Add the Retirement account now and win €540 yearly until your retirement.
Commission-free1 Account, savings and withdrawal plans commission-free1 |  | State subsidies Up to €540 base subsidies yearly and up to €300 per child per year. | | Pension Bonus Invest without product costs for selected ETFs2. |
1 To the fee overview
2 Special conditions apply
Pension redefined: How the new Retirement account works
With the reform of private retirement provision, you can invest with state support starting January 2027 using a separate securities account.
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ETF focus: Invest cost-effectively in securities for your pension. |
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State support: Attractive state subsidies of up to €540 per year. Additional tax benefits of up to €4971 per year. |
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Full control: Flexible deposits via savings plan or one-off payment. |
The two phases of the retirement account:
1. Savings phase
You pay in during your professional life. The state provides support with subsidies and tax savings.
2. Pay-out phase
During retirement, you can access the capital step by step.
State support
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Basic subsidies: Up to €540 per year from the state. |
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Additional bonuses: €300 per child/year and a one-time €200 for those under 25. |
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Tax advantage: Up to €497 refund per year possible.2 |
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Tax-free growth: No taxes on capital gains until retirement. |
2 Assumptions: €1,800 annual personal contribution, €540 allowances, 42% marginal tax rate, 5.5% solidarity surcharge.
Key points to consider
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Contribution: Personal contributions of up to €1,800 per year are eligible for subsidies. |
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Payout from 65: 30% possible as a lump sum, the rest as a monthly plan (at least until age 85). |
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Early withdrawal: Subsidies are forfeited (Exception: purchase of owner-occupied residential property). |
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Tax: Taxation only in old age, usually at a lower tax rate. |
Flexible pension provision at fair terms
Fee comparison of account types
Standard account | Self-directed | |
Account | €0 | €0 |
Savings plans | €0 | €0 |
Deposits | €0 | €0 |
Withdrawals | €0 | €0 |
Buy and sell | €0 | €0 with PRIME+ |
Cost of the investment products | 0% p.a. in 2027 | From 0% p.a. |
Product costs, spreads and/or inducements may apply. 0% TER for selected ETFs until 31/12/2027. For Retirement Bonus ETFs, Scalable reimburses and reinvests the product cost (TER) back into your ETFs. According special conditions apply.
FAQ
According to the current status, the tax-subsidised Retirement account is scheduled to launch on 1 January 2027.
You can already now add the Retirement account to your Scalable account. We keep you informed about all further steps.
In principle, all persons who are compulsorily insured in the statutory pension insurance scheme (e.g. employees, apprentices) as well as self-employed and civil servants are eligible for subsidies.
There are two phases in the Retirement account:
Savings phase: You pay in during your professional life. The state provides support with subsidies and tax savings.
Pay-out phase: During retirement, you can access the capital step by step.
Contributions: Eligible contributions include personal contributions up to €1,800 per year. Deposits exceeding this amount receive no subsidies, but remain tax-free during the accumulation phase.
Withdrawals:
- Early withdrawals made before the age of 65 result in the loss of state subsidies (exception: use for owner-occupied residential property).
- At the start of the payout phase, a lump-sum payment of up to 30% is possible; the remainder is paid out as part of a monthly payout plan (at least until the completion of the 85th year of age).
Tax: Taxation occurs only in retirement, usually at a lower tax rate.
For selected ETFs in Self-directed Retirement account, Scalable reimburses and reinvests the product costs back in your ETF. See the full list of eligible Retirement ETFs.
Since the Retirement account must be state-certified and earmarked for a specific purpose, a special depot type within the Scalable account will be required.
You can already now add the Retirement account to your Scalable account.
