Add the Retirement account now and win €540 yearly until your retirement.

Retirement account

The new era of private retirement provision

The Scalable Retirement account with state subsidies of up to €540 yearly. Add it now and win an additional annual bonus equal to the maximum base subsidy.

Already have an account? Log in to add a product.

Terms and conditions apply..

Commission-free¹

Account, deposit and withdrawal plan

State subsidies

Up to €540 in state subsidies per year and more.

Additional bonuses

€300 per child per year and a one-time bonus of €200.

More potential

Through higher return opportunities on the capital market.

¹ To the fee overview

Powering your payout

Win a bonus of €540 yearly until you retire.
Simply add the Scalable Retirement account to participate.

Add product
Terms and conditions apply.

Retirement account calculator

Retirement account: Calculate estimated additional pension.

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.

	ETF focus: Invest cost-effectively in securities for your pension.
	State support: Attractive state subsidies of up to €540 per year. Additional tax benefits of up to €497¹ per year.
	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

	Basic subsidies: Up to €540 per year from the state.
	Additional bonuses: €300 per child/year and a one-time €200 for those under 25.
	Tax advantage: Up to €497 refund per year possible.²
	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

	Contribution: Personal contributions of up to €1,800 per year are eligible for subsidies.
	Payout from 65: 30% possible as a lump sum, the rest as a monthly plan (at least until age 85).
	Early withdrawal: Subsidies are forfeited (Exception: purchase of owner-occupied residential property).
	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+ €0.99 with FREE
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.

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.

Important: Starting on 1 January 2027, the new Retirement account will replace the Riester pension.

Grandfathering for existing contracts: If you already hold a Riester contract, it will continue as usual. You can keep it or evaluate whether switching to the new investment account system makes sense for you.
No new contracts from 2027: Traditional Riester contracts can no longer be newly concluded starting in 2027.

The following table shows how the new pension investment account compares to your existing contracts:

The main differences at a glance


	Riester (No new contracts from 2027)	Rürup	Retirement account (from 2027)
State allowances	€175 per year and more possible allowances		Up to €600 per year and more possible allowances
Tax incentives in income tax return
Subsequent taxation on withdrawals
Payout before retirement start	With loss of state allowance and tax incentives		With loss of state allowance and tax incentives
One-time payout with retirement start	Max. 30%		Max. 30%
Payout as monthly pension after retirement start	Mandatory, at least until 85 years	Mandatory as a lifelong pension	Mandatory, at least until 85 years
Autonomous securities investments			Either select products yourself or have them managed
Guaranteed capital	Obligatory	Not obligatory	Not obligatory
Potential yields	Low to medium	Low to medium	Medium to high

Based on information from December 2025:

Feature	Retirement account	Early Start Pension
Who?	Compulsorily insured adults	Children (aged 6-18)
Subsidy	Allowances + tax bonus	Direct payment
Contribution	Personal contribution required	Personal contribution possible
Payout	From age 65	At the child's retirement age

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.

Investments in the Retirement account are treated as special assets (Sondervermögen). This means that the capital is legally strictly separated from the assets of Scalable Capital. Even in the unlikely event of insolvency, the securities remain your property and are untouchable. Furthermore, the depot is subject to strict supervision by BaFin and is audited according to the new statutory certification criteria for retirement provision products.