Apply for a housing premium Unfortunately this specification of service has not yet been completely translated.

If you are spending on housing, you can apply for a housing premium. Expenditure to promote housing construction is in particular contributions to a building-saving contract, but also other payments, e.B. for the first acquisition of shares in a construction or housing cooperative. The housing premium amounts to 8.8 percent of your expenses annually. For each year of savings, expenditure to promote housing is used at most: EUR 512.00 if you are single, or EUR 1,024 if you are married or have established a civil partnership. Savings year is the calendar year in which you paid the expenses. Note: The housing premium is not subject to income tax.

Application form that the investment institution sends you together with the annual bank statement.


Preconditions
Your taxable income for the savings year is no higher than: EUR 25,600 if you are single, or EUR 51,200 if you are married or have established a civil partnership. Attention: You cannot receive the employee savings allowance and a housing premium at the same time for capital-effective benefits. This excludes a double advantage. Therefore, the expenditure to promote housing construction must not be capital-effective benefits (VL) for which there is a right to an employee savings allowance. If you cannot apply for an employee savings allowance, for example because you exceed income limits, the VL can be included in the housing premium application.

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You must apply for the housing premium with your investment institution. To do this, use the form that your investment institution sent you together with the annual bank statement. Procedure for building-saving contracts Old contracts (concluded before 1 January 2009): The housing premium is only due for payments in a building-saving contract if the statutory blocking period of seven years after the conclusion of the contract has expired, or the accumulated assets (including the housing premium) from the contract is or should be used immediately and directly for housing or other residential purposes after payment. If you use the accumulated balance in any other way within the seven-year blocking period, the entitlement to the housing premium is waived. New contracts (concluded from 1 January 2009): The housing premium is only due for payments in a building savings contract if: the statutory blocking period of seven years after the conclusion of the contract has expired and you are not or have been older than 25 years at the time of conclusion of the contract or the accumulated assets (including the housing premium) from the contract is or should be used immediately and directly for housing or other residential purposes after payment.