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The capital-forming benefits must be invested in eligible investments. Eligible investments include: Building savings (e.g. building savings contract, debt relief for residential property, loan repayment for owner-occupied properties) Participation savings (e.g. purchase of shares, shares in equity funds or certain investments in the employer's company) Your taxable income in the savings year must not exceed certain limits. Individuals: for building savings: 17,900 euros, from 2024: 40,000 euros for participation savings: 20,000 euros, from 2024: 40,000 euros Joint taxation of married couples/life partners: for building savings: 35,800 euros, from 2024: 80,000 euros for participation savings: 40,000 euros, from 2024: 80,000 euros If both spouses or life partners are employed, both can claim the savings allowance. You must submit your application for the determination of the employee savings allowance no later than the end of the fourth year after the savings year. If your taxable income exceeds the above limits but is within the income limits for the housing subsidy, you can claim the capital-forming contributions paid into a building savings contract as your own contributions toward the housing subsidy.

You submit the application for the determination of the employee savings allowance with your income tax return.

The employee savings allowance amounts to 9 percent of a maximum amount of 470 euros per year for certain expenses related to housing savings and housing construction subsidies and 20 percent of a maximum of 400 euros for other types of capital-forming benefits. The entitlement to the employee savings allowance arises at the end of the calendar year in which the capital-forming benefits were invested. It is determined by the tax office of the employee's place of residence upon application. Payment of the employee savings allowance requires a six- or seven-year commitment period. However, this does not mean that contributions must be made for the entire term. The employee savings allowance is paid out. upon expiry of the lock-up period prescribed for the respective investment form, upon expiry of the blocking and repayment periods specified in the Housing Premium Act or in the Ordinance Implementing the Housing Premium Act, with allocation of the building savings contract, or in cases of harmless disposal.

Apply for the determination of the employee savings allowance with your income tax return. You do not need to attach a certificate to your income tax return. Your provider will transmit the necessary data (electronic asset formation certificate) electronically to your tax office, provided you have consented to the data transfer.