Determine the tax consequences after entering the payout phase of your pension plan
Source: BUS Rheinland-PfalzThe housing subsidy account is managed by the Central Allowance Office for Pension Assets (ZfA). It records the tax-subsidized pension capital tied up in residential property for subsequent taxation.
At the beginning of the payout phase, the ZfA determines the annual reduction amount. This is based on the balance of your home subsidy account at the start of the payout phase, spread over the years until you reach the age of 85.
In addition to the annual taxation of the reduction amount during the payout phase, you also have the option of a one-off taxation of the housing promotion account, i.e. the complete liquidation of the housing promotion account.