Quit Riester and get your money back?

Terminating Riester is only the second best solution

• As an investor, you may have various reasons for terminating your Riester and wanting the money back.
• In principle, you are only entitled to full reimbursement of the contributions paid if it can be proven that there was incorrect advice. The only possible case for this is actually only that you are neither directly nor indirectly entitled to allowances.
• If you terminate your Riester contract, how much money you get back depends on the form of savings.
• With the exception of bank savings plans, which tend to eke out a shadowy existence, all other variants are subject to commission.
• At a Riesterpension insurance For example, you will only be reimbursed for the surrender value. In addition to the initial commission, there are also setup fees and ongoing costs for the contract. These will be charged to your contributions.
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Terminate Riester and have it paid out - you should consider that

In principle, you can terminate any type of Riester contract and the respective ...

• The consequence of this is that the sum of the contributions paid in initially greatly exceeds the contract balance.
• The situation is similar with building loan and savings contracts, the conclusion fee is also a commission for the agent.

There is only limited money back

• Aside from the costs that are withheld if you terminate your Riester contract, you will also have to pay money back to the state.
• The subsidy received or the tax advantages are also retained.
• Dismissing a Riester is not the ideal solution, you will make losses.
• Since you won't get the money back that you paid in, an exemption from contributions is the better solution. In addition, there may be the possibility that you will be a Riester againpension Aim at a later point in time - a dormant contract, at least with a pension insurance, offers a better basis for calculation.