When will I receive the employee bonus?
The employee savings bonus is paid by the government on capital-forming benefits (vwL) that you receive from your employer and invest in certain financial products. However, it does not apply to all investment forms, only to investment funds and building society savings contracts.
Eligible investment forms:
- Investment fund savings plan: An income limit of 40.000 Euro (married couples: 80.000 Euro) applies from 1 January 2024.
- Building society savings contract: An income limit of 40.000 Euro (married couples: 80.000 Euro) also applies from 1 January 2024.
These income limits refer to taxable income – i.e. income after deduction of allowances, special expenses, work-related expenses, and child allowances.
Current: As of 1 January 2024, the income limits for both investment forms have been raised by the "Future Financing Act" (§ 13 para. 1 of the 5th VermBG). The new regulation applies to vwL invested from 1 January 2024.
Additional support for building society savings: In addition to the employee savings bonus, there is also the housing bonus, which is granted for taxable income of up to 35.000 Euro (married couples: 70.000 Euro).
