According to the plans of the coalition, those who save their money should be relieved in the future (symbol image)
Photo: imago images/MiS
Finance Minister Christian Lindner wants to increase the so-called savings allowance in the tax return, as agreed in the coalition agreement.
It is to rise from currently 801 to 1000 euros for singles and from 1602 to 2000 euros for life partners, according to the draft of the annual tax law, which is available to the dpa news agency.
The savings allowance is an income tax exemption.
Up to this amount, capital gains such as interest remain tax-free.
The planned increase is part of the coalition agreement between the SPD, the Greens and the FDP.
The lump sum will be raised for the first time in 22 years, said the FDP politician Lindner.
"Anyone who saves money or invests in shares should finally be allowed to keep more of the net from the gross." This also strengthens private pension provision and is particularly important in times of rising prices.
He also wants to strengthen the investment and stock culture, said Lindner.
»Young people in particular are increasingly investing their savings in their own retirement provision.
I would like to honor that.« The next step towards implementation would be a decision in the cabinet, after which the Bundestag will deal with the draft.