Apply to close your housing subsidy account
Source: Zuständigkeitsfinder Schleswig-Holstein (Linie6Plus)
Service Description
If you have a home subsidy account, you can save tax through single taxation.
When the payout phase of your pension plan begins, your existing home subsidy account will be taxed annually and gradually until you reach the age of 85.
Alternatively, you can have your housing promotion account taxed once. In this case, only 70 percent of your housing promotion account will be taxed. To do this, you must submit an application to the Central Allowance Office for Retirement Assets (ZfA).
Teaser
If you have a home subsidy account, you can save tax through single taxation.
Process flow
If a one-off taxation of your home subsidy account is more favorable for you, you can apply for this informally at the German Pension Insurance Association - Central Allowance Office for Retirement Assets (ZfA).
- The ZfA will review your application and decide whether your housing subsidy account should be closed.
- You will receive a notification of approval or rejection of your application.
- If the ZfA approves your application, it will inform you of the amount to be liquidated and notify your provider and the tax office.
- Taxation will be carried out by your local tax office.
Requirements
- You have used the retirement savings capital from your certified retirement savings contract with subsidized amounts for the homeowner pension subsidy (Wohn-Riester).
- You have a home subsidy account.
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The payout phase of your pension contract has already begun or is about to begin.
Which documents are required?
- Informal application
What are the fees?
Levy: free of chargeThere are no costs.
What deadlines do I have to pay attention to?
You cannot apply to close your housing subsidy account retroactively.
Processing duration
Processing time: 2 - 4 Weeks
Legal basis
Appeal
- Appeal
- Action before the tax court
What else should I know?
The following information is available:
- In the case of single taxation, only 70 percent of the total amount of the housing promotion account (liquidation amount) is taken into account in the total taxable income.
- You can opt for single taxation at any time during the payout phase of your pension plan.
- If you no longer use your home yourself within 20 years of the start of the payout phase (giving up owner-occupation), the portion of the liquidation amount not yet taken into account will also be taxed.
Author
Central Allowance Office for Retirement Assets (ZfA)
Forwarding service: deep link to the original portal
The text was automatically translated based on the German content.