Can I have a savings account for social assistance?

Is a savings account allowed for social assistance?

• This question should actually be followed by a resounding no, because who receives money from the taxpayer community is not allowed to hold large amounts of money at the same time - either in a savings book, fixed-term deposit or overnight deposit account - to have.

• On the other hand, the recipients of HartzIV, because the actual social assistance no longer exists, should also be allowed up to have a certain amount of money in a savings account in order to pay for a later funeral mostly from their own resources can.

HartzIV or basic security?

• The legislature has created clear fronts here, because it cannot, for example, from anyone who may not have been involved in the through their own fault Unemployment benefit 2, also known as HartzIV, has slipped, require you to have to go to your child's savings account and use up all of the money first must before it
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  Money from the state gives.

• Assets in the form of a savings account are permitted up to an amount of EUR 3,100, but a maximum of EUR 9,750 for each person living in the benefit community. These savings are only available to that person. In the event of particular suspicion, the consortium can and may also check the savings accounts of every person if a There is a suspicion that a single person's savings have been spent on the community as a whole are.

• Furthermore, you can create a separate savings account for each child living in your benefit community, to which only the child aged 18 and over can access. Year of age has access. This ensures that this saved money is actually for the child. The maximum amount for each child is also 3,100 euros, but a maximum of 9,750 euros


Social assistance for pensioners - how to top up the pension

The state pension alone is less and less enough for many retirees to pay ...

• However, you no longer receive ALG 2 and receive from the state because your pension is too low, in addition to social assistance in the form of basic security, you are allowed a maximum of 3,500 euros on a savings account, which is locked and can only be used for your later funeral allowed.