Many employees can receive asset-based benefits (VL) from their company
. Of the state, there is often a supplement. But only every sixth household in Germany uses VL.
Only about 15 percent of all German households use capital-efficient services, as the study Consumption and Media Analysis has found. This is often due to the ignorance of employees, believes Frank Tammen, financial expert of the consumer center of Lower Saxony in Hanover: “When I speak in the advice of financial services, then I often look in empty eyes.”
In fact, not all workers are eligible. Only if it is expressly regulated in the collective bargaining or employment contract, there are asset-effective services. According to the journal “Finanztest” issued by Stiftung Warentest (issue 4/2011), civil servants receive about 6.65 euros a month, employees of the iron and steel industry and the motor industry 26.59 euros and bankers 40 euros.
Not every employer pays
“It’s a gift from the employer,” explains Tammen. And in his opinion, this should be absolutely accepted, since the payment is not bound to certain income limits, as many workers mistakenly believe. These income limits apply only to government subsidies, which are still on top in the investment in certain types of investment, Tammen explains: “State funding is, so to speak, the icing on the cake.”
However, not every employer pays any capital-building benefits. Others only give the subsidy if the VL are put into a company pension scheme. Annabel Oelmann from the consumer center of North Rhine-Westphalia recommends accepting such an offer: “With the occupational pension, consumers increase their income in old age.” The alternative of giving up money usually makes no sense. “However, consumers should look closely at the terms of the contract and agree on additional benefits, such as disability insurance.”
Employee savings – the promotion of the state
The most important subsidy from the state, the employee savings bonus, is paid when singles do not earn more than 17 900 euros or married couples do not earn more than 35 800 euros a year. However, only if you put the money in a home savings contract or repay a building loan. For equity fund savings, the limit for single people is 20,000 euros or for married couples 40,000 euros.
Consumer advocates Tammen advises low earners to take the state subsidy in any case and to resort to one of the promoted products. Which one decides, depends on the personal risk tolerance. “The risk-conscious invests more in an equity fund, the other rather in a home savings contract.” According to “Finanztest” savers can look forward to the best Bauspar offer on a return of 3.35 percent.
For investors who are not eligible for state subsidies, consumer advocates advise Tammen to invest in a VL bank savings plan. According to Stiftung Warentest, investors here at the best provider can expect a return of 3.48 percent after seven years.
From equity funds, the expert advises against employees who are not eligible to pay, rather, because the investor can access here only a limited number of products that are approved for capital goods. “If I want to invest in equity funds, then I would do that outside the capital assets in this case.”
No matter which form of investment you choose, the employer pays the money directly to a savings account account specified by the employee. Seven years running a VL contract. “However, only six years contributions are paid, one year the contract is suspended,” says Annabel Oelmann: “Consumers should therefore early on care about a new contract.”
All eligible payers should note that the employee savings allowance does not come automatically, as Oelmann states, “It must be filed with the tax return each year, and the bank must provide the customer with the necessary certification to add to the tax return.”
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