How is the contribution calculated?
There are clear guidelines on how your individual Riester contribution is calculated if you want to receive the maximum allowances. This should always be the goal, because this is the only way you can really use the state funding 100%.
4% of the previous year’s gross income for maximum allowance
You have to pay exactly 4% of your gross income (minus the allowances) from the previous year as a contribution to your Riester pension so that you receive the full allowances.
Most of the Riester contracts are unfortunately not “bonus-optimized” because people forget to adjust the contribution regularly if the income has changed. If you already have a Riester pension, I recommend at this point that you definitely check whether your contribution is really bonus-optimized.
For high earners, the tax advantage is usually more worthwhile than the allowances. Since the maximum contribution to the Riester pension is € 2,100 (minus the allowance), the tax-optimized contribution for a single without children would be € 160.42 per month.
€ 2,100 – € 175 (basic allowance) = € 1,925
€ 1,925 / 12 months = € 160.42 monthly fee
Minimum contribution (base contribution)
There is also a so-called basic contribution that you have to pay in at least. This is € 60 a year or € 5 a month. For example, if you have only a very low income, it is possible that your contribution to be paid (minus allowances) would be € 0. Nevertheless, at least € 60 per year must always be paid.
Riester pension – calculate contribution
Riester pension – simply calculate the contribution yourself