Table of Contents
Definition of wealth creation
Capital accumulation is the non-consumption-related use of parts of current income to generate future income. In addition to renouncing consumption (saving), the acquisition of assets can also take place through transfer, e.g. B. Inheritance, donation.
The following are considered to be a means of accumulating wealth:
- Purchase contracts for securities, e.g. B. Shares
- Securities or asset participation savings contracts
- Participation agreements, e.g. B. Employee participation in the company
- Bauspar contributions, e.g. B. to a home loan and savings contract
- Immediate housing expenses
State measures promote the accumulation of wealth among employees:
The fourth capital formation act of 1984 aimed to strengthen the participation of employees in relation to pure financial investments. To this end, the investment options have been expanded and the benefit framework has been raised to € 480.
The fifth capital formation law
The fifth capital formation law from the end of 1986 added the so-called extra-company component to company capital participation. It contains z. B. Shares in investment funds of 70 % in securities assets subject to foreign law.
The Tax Reform Act
The tax reform law introduced a restriction on capital-forming benefits that are invested from 1990 onwards, to asset participation, building society savings and similar forms of investment, so that insurance and account savings were no longer required (maximum amounts of up to € 408/480).
Employee savings allowance
The employee savings allowance is a benefit from the state to the employees if the employer creates capital-forming benefits for them. At the request of the employee, the savings allowance is set by the responsible tax office and paid out after the blocking period has expired.