Insurer3 products
Allianz Altersvorsorgedepot: costs, variants and terms
Allianz has announced 3 products for the Altersvorsorgedepot (Germany's new state-subsidised retirement investment account): Altersvorsorge Standarddepot, AltersvorsorgeDepot InvestFlex, AltersvorsorgeVertrag InvestFlex80. This page lists everything Allianz has published about it so far, with the source and the time we retrieved it.
Before launch
Early registration: NoneSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
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Altersvorsorge Standarddepot
StandarddepotSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)Costs
Not yet published:Total cost p.a.Account or contract feeFund costs (TER)Refund of fund costsFront-end loadSavings plan feeFee for purchases and salesDepends on pricing planCost of switching providerCosts in the payout phase
Investment
- Who decides on the investment
- managed: Allianz sets two Active ETFs; reallocation and rebalancing between the two possibleSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Shift before retirement
- mandatory de-risking processSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Investment choice
- two fixed active ETFs (names/ISINs not published); no fund switchingSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Contribution guarantee
- 0% (no contribution guarantee)Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:Growth componentLow-risk componentInitial allocation
Contributions and switching
- Minimum contribution
- €120 per year (maximum own contribution €1,800 excluding allowances)Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Lump-sum payments
- Additional payments possible up to the annual maximum contribution limitSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Riester transfer
- transfer from another subsidised retirement contract possible (not counted towards the maximum contribution)Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:Pausing contributionsAllowance application
Payout
- Drawdown plan
- optional drawdown plan until minimum age 85Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Life annuity
- lifelong pensionSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:Withdrawal for owner-occupied property
Opening an account
- How to sign up
- online (from January 2027), without an intermediarySource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Start
- 1 January 2027Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Special features
- Partial payout of up to 30% at pension start; pension start 65–70 (deferral to 75); automatic increases can be included; cost structure described only as 'low-cost'Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:RequirementsCertification
AltersvorsorgeDepot InvestFlex
Variant not announcedCosts
- Fee for purchases and sales
- Rebalancing of the fund portfolio free of charge; other transaction costs not publishedSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:Total cost p.a.Account or contract feeFund costs (TER)Refund of fund costsFront-end loadSavings plan feeDepends on pricing planCost of switching providerCosts in the payout phase
Investment
- Who decides on the investment
- self-directed: up to 10 funds/ETFs at once, contribution split adjustable at any timeSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Shift before retirement
- optional de-risking managementSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Investment choice
- quality-checked funds and ETFs from the Allianz TopFonds universe, up to 10 at onceSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Contribution guarantee
- 0% (no contribution guarantee)Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:Growth componentLow-risk componentInitial allocation
Contributions and switching
- Minimum contribution
- €120 per year (maximum contribution €1,800)Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:Lump-sum paymentsPausing contributionsRiester transferAllowance application
Payout
- Drawdown plan
- optional drawdown plan until minimum age 85Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Life annuity
- lifelong pensionSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:Withdrawal for owner-occupied property
Opening an account
- How to sign up
- only via Allianz intermediaries/local contacts (advice); online only the StandarddepotSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Start
- January 2027Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Special features
- unit-linked solution based on InvestFlex; partial payout up to 30%; indexation can be included; managed in the 'Meine Allianz' portalSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:RequirementsCertification
AltersvorsorgeVertrag InvestFlex80
Variant not announcedCosts
Not yet published:Total cost p.a.Account or contract feeFund costs (TER)Refund of fund costsFront-end loadSavings plan feeFee for purchases and salesDepends on pricing planCost of switching providerCosts in the payout phase
Investment
- Who decides on the investment
- self-directed: up to 10 funds/ETFs, combined with the insurer's cover assetsSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Shift before retirement
- optional de-risking managementSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Investment choice
- Funds/ETFs from the Allianz TopFonds universe plus guarantee assetsSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Contribution guarantee
- 80% of contributions and allowances paid in, at retirementSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:Growth componentLow-risk componentInitial allocation
Contributions and switching
- Minimum contribution
- €120 per year (maximum contribution €1,800)Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Lump-sum payments
- Additional payments possible up to the annual maximum contribution limitSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Riester transfer
- transfer from another subsidised retirement contract possible (not counted towards the maximum contribution)Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:Pausing contributionsAllowance application
Payout
- Drawdown plan
- optional drawdown plan until minimum age 85Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Life annuity
- guaranteed lifelong pensionSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:Withdrawal for owner-occupied property
Opening an account
- How to sign up
- only via Allianz intermediaries/local contacts (advice)Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Start
- January 2027Source ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
- Special features
- Guarantee product: fund investment combined with guarantee assets; partial payout of up to 30%; automatic increases can be includedSource ↗ · retrieved 21 October 2026 at 13:32 (Berlin time)
Not yet published:RequirementsCertification
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