AVD Depot – Deine staatliche Altersvorsorge

Available from 1 January 2027

Your state-subsidized Retirement Savings — reimagined

The Retirement Investment Account combines government grants with ETF returns. Up to €540 basic allowance per year, tax-free growth and no capital guarantee requirement.

01.01.2027

Launch Date

€540/year

Max. Grant

1% p.a.

Cost Cap

All Taxpayers

Eligible

Why the AVD is better

💰

Up to €540 grant/year

Government basic allowance plus child allowances

📈

ETF-based investing

No restrictions on where your money is invested

🏦

Tax-free growth

No tax deducted during the accumulation phase

🔓

No capital guarantee required

Full equity allocation possible — higher returns

How it works

Contribute

Make monthly deposits into your AVD account — from €10/month.

Government tops up

The government transfers your allowance directly into the account.

Build wealth

Your ETF portfolio grows tax-free until retirement.

AVD vs. Riester Pension

Why the new system is clearly superior

Feature

Riester Pension (old)

Retirement Investment Account (new)

Basic allowance

€175/year (flat)

Up to €540/year (tiered)

Child allowance

€300/child

ETF investment

❌ Not allowed

✅ Fully available

Capital guarantee

✅ 100% mandatory

Optional (0%, 80%, 100%)

Max. costs

~2% p.a.

1.0% p.a. (Standard Account)

Self-employed

❌ Not eligible

✅ Eligible

Tax-free growth

❌

✅

Market launch

2001

1 January 2027

What savers say

"With two children I receive almost €1,200 in grants per year. Better than any savings account."

— Markus H., 32

"As a new graduate I claimed the €200 bonus. Starting early really pays off."

— Sarah K., 24

"Finally a pension product I actually understand. ETFs, transparent costs, real returns."

— Thomas B., 45

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