Hamburg (dpa / tmn) – Many employers help their employees save. Because in addition to wages or salaries, the boss often receives additional money month after month: active training benefits (VL). “Depending on the industry and the region, it can reach 40 euros per month per employee,” explains Helena Klinger of the Institute for Financial Services (iff) Hamburg.
Employers pay lump-sum benefits on a voluntary basis. Often, however, they are also required to do so by collective agreement, employment contract or company agreement. The employer does not transfer the respective amount together with the salary or wages, but directly into a savings system determined by the employee.
The employer pays regularly for six years, the money is dormant for the seventh year. After the deadline, employees can cancel the savings investment or partially pay for it themselves.
How to do it If you have not yet received service from VL, you should ask your company if there is anything more. If this is the case, it is necessary to conclude a savings contract of your choice. If the employer has confirmation, you can start. There are these possibilities:
– Bauspar contract: If you want to build a house, buy an apartment or renovate your property, a real estate company contract is ideal. The downside: there is relatively little interest on deposits. However, the saver guarantees a favorable fixed interest rate for a subsequent loan.
A loan exemption is also possible with home savings contracts. In this case, the credit will be paid. “Sometimes, some providers supplement the low interest rate credit with a bonus or a bonus when waiving a loan,” Klinger reports.
If you do not want to use the income from a mortgage loan agreement to finance a property, you can transfer the right to the fixed rate loan to a relative. “The transfer is at the discretion of the building company, but it usually accepts,” says Juliane Weiß of the Association of German Banks in Berlin.
– Bank savings plan: Those who want to rely on security are right with a bank savings plan for their CV services. The VL services flow into the VL account for six years, then the contract is suspended for one year. “There is a base rate and, as a rule, a premium at the end of the term,” says Klinger.
The advantage: a minus like with equity funds is not possible. The downside: the interest rates are manageable. If the financial institution has to declare bankruptcy, the balances are protected by statutory deposit insurance up to 100,000 euros.
– Securities savings: “Anyone who opts for a securities savings plan can benefit from high returns”, explains Weiß. As with the bank savings plan, the amount of the NAV is paid into the contract for six years, then rests for one year. “A global equity savings plan is an opportunity to earn an average return of 10% – that’s how things have been in recent years,” Weiß said.
But of course, there is no guarantee for the future, according to the spokesperson for the banking association. “It should be clear to employees benefiting from this VL savings option that there are constant ups and downs in the stock market,” Klinger emphasizes. If the stock price is low after seven years, it may be beneficial to wait for the stock price to recover.
– Repayment option: Employees can also use VC benefits to repay existing home loans and savings and bank loans. With this variant, the borrower receives the NAV amounts transferred to his own account.
The bank confirms in writing that the employee will use the benefits of the LV to pay off debts. The employee gives this letter to his employer. “But it is also possible to have the services of VL transferred directly to the loan account,” explains Weiß.
This is often not a problem with building society loans, as borrowers usually have a special repayment option. With mortgages outstanding, consumers should talk to their bank.