Vitality savings scheme

The vitality savings scheme enables people to save under lenient tax conditions. Participants in the vitality savings scheme can build up financial reserves to finance, for example, occupational retraining programmes or to bridge the period after having lost their job and before having found a new one.
On an annual basis, a maximum of 5 thousand euro is tax-deductible. Deposits are deductible in box 1 and are not taxed until the amount is withdrawn. The maximum amount is 20 thousand euro.
The vitality savings scheme applies to employees and entrepreneurs (e.g. self-employed without personnel).