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SMARTBROKER+ Altersvorsorgedepot: costs, variants and terms

SMARTBROKER+ has announced 2 products for the Altersvorsorgedepot (Germany's new state-subsidised retirement investment account): Standarddepot (3 variants: MSCI World, MSCI ACWI, FTSE All-World), Freies Altersvorsorgedepot. This page lists everything SMARTBROKER+ has published about it so far, with the source and the time we retrieved it.

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Before launch

Early registration: ReservationSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)

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Standarddepot (3 variants: MSCI World, MSCI ACWI, FTSE All-World)

StandarddepotSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)

Costs

Total cost p.a.
€0 in the first three years (up to €25,000 invested); thereafter TER mostly < 0.15% p.a., refund only with ≥ 15 trades/year in the main accountSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Refund of fund costs
100% TER refund in the first 3 contract years up to €25,000 invested; thereafter per contract year only with at least 15 trades in the main account (savings plans do not count); quarterlySource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Fee for purchases and sales
€0 (all orders, regardless of volume)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Cost of switching provider
Switch from standard to self-directed account free of charge; costs of transfer to another provider not stated (statutory max. €150 in the first 5 years)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Not yet published:Front-end loadCosts in the payout phase

Investment

Who decides on the investment
managed (Standarddepot)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Growth component
ETF on MSCI World, MSCI ACWI or FTSE All-World (3 variants; product/ISIN not published)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Low-risk component
low-risk fund of risk class 1 or 2 (name/ISIN not published)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Shift before retirement
5 years before payout starts max. 50%, 2 years before max. 30% in the growth-oriented ETF; can be opted out ofSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Investment choice
two funds per variant; choice of 3 Standarddepot variantsSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Contribution guarantee
no contribution guarantee (0%)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Not yet published:Initial allocation

Contributions and switching

Lump-sum payments
Yes (one-off purchases possible)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Riester transfer
Yes; transfer into the AVD possible (free of charge at the previous provider for Riester contracts older than 5 years)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Not yet published:Minimum contributionPausing contributionsAllowance application

Payout

Drawdown plan
Drawdown plan until at least 85 (description of the statutory framework; own payout terms not published)announcedSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Not yet published:Life annuityWithdrawal for owner-occupied property

Opening an account

How to sign up
online (app/web), activation alongside the main accountSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Not yet published:RequirementsCertificationSpecial features

Freies Altersvorsorgedepot

Self-directed accountSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)

Costs

Total cost p.a.
only fund and order fees (€0 account/savings plan; orders under €500 €1)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Fund costs (TER)
depends on the product selection (no refund)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Fee for purchases and sales
€0 from €500 order volume via gettex, €1 below thatSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Cost of switching provider
Switch from standard to self-directed account free of charge; costs of transfer to another provider not stated (statutory max. €150 in the first 5 years)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Not yet published:Refund of fund costsFront-end loadCosts in the payout phase

Investment

Who decides on the investment
self-directedSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Shift before retirement
no lifecycle requirements; 100% equity ETFs possibleSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Investment choice
ETFs and funds up to risk class 5, EU government bonds; wide choice of ETFsSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Contribution guarantee
no contribution guarantee (0%)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Not yet published:Growth componentLow-risk componentInitial allocation

Contributions and switching

Lump-sum payments
Yes (one-off purchases possible)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Riester transfer
Yes; transfer into the AVD possible (free of charge at the previous provider for Riester contracts older than 5 years)Source ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Not yet published:Minimum contributionPausing contributionsAllowance application

Payout

Drawdown plan
Drawdown plan until at least 85 (description of the statutory framework; own payout terms not published)announcedSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Not yet published:Life annuityWithdrawal for owner-occupied property

Opening an account

How to sign up
online (app/web), activation alongside the main accountSource ↗ · retrieved 21 October 2026 at 13:41 (Berlin time)
Not yet published:RequirementsCertificationSpecial features

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