(2023) What is the amount of the Riester child allowance?

For each child eligible for child benefit, a standard child allowance is paid if the father or mother takes out a Riester contract. This allowance is 185 Euro for children born before 2008 and 300 Euro for children born on or after 1 January 2008. Unless otherwise agreed, the child allowance is paid into the mother's account.

Spouses can apply for the child allowance to be allocated to the father. Such a transfer application remains valid until it is revoked. By the way, the application is possible for each individual child, so that, for example, one child can be allocated to the father and another to the mother.

For divorced or unmarried parents, the child allowance is granted to the person receiving the child benefit. If both parents receive child benefit for the same child in succession, the child allowance is granted to the parent who received child benefit for the first entitlement period in the calendar year.