Government bonus payment management

Convenient allowance management for your Riester retirement plan products

DIAMOS government bonus payment management enables you to easily and extensively automate the management of fund-based Riester retirement plan savings plans. All processes from the request for allowances to the processing of allowances and the pay-out phase are reliably covered. The communication interface to the Central Allowance Office for Retirement Assets (ZfA) is an integral component of the module.

Functional scope at a glance:

Product design

The design options of standardised fund asset management are available:

  • Fund portfolios
  • Lifecycle models
  • Cyclical rebalancing
     

Automated data exchange with the ZfA

DIAMOS government bonus payment management supports the entire data exchange with the Central Allowance Office for Retirement Assets (ZfA), in particular

  • Notifications within the framework of the allowance procedure (ZuSy)
  • Notifications within the framework of the pension notification procedure (RebSy): Pension notification (MZ01 notification)
  • Machine enquiry procedure (MAV) with automated determination of tax identification numbers (TIN)
     

Efficient support for the savings phase

  • General contract management
  • Allowance application management, including permanent allowance application
  • Flexible management of the current contribution limits
  • Extensive plausibility check of the application data
  • Automated allocation of paid allowances paid
  • Check for maximum funding limits/year
  • Start of deposit during the year
  • Marking of a new deposit amount
  • Flexible adjustability and clearance of fees
  • Harmful use, including notification to the ZfA
  • Suspension of the contract with reactivation
  • Capital transfers (change of provider, transfer to spouse in the event of death)
  • “Residential Riester retirement plan”: Interim withdrawal for residential purposes
  • Deferral
     

Needs-based design of the pay-out phase

  • Small-amount pension
  • Immediate life annuity
  • Income drawdown and subsequent life annuity
     

Comprehensive reporting: From official forms to individual customer reporting

  • Annual reports such as certification according to Section 10a, paragraph 5 EStG and according to Section 92 EStG,
    Application for old-age pension allowance
  • Quarterly reports such as certificate according to Section 94, paragraph 1, sentence 4/Section 95, paragraph 1 EStG (in the case of harmful use)
  • Notification of taxable benefits from a retirement provision contract or from an occupational pension scheme according to Section 22, No. 5, sentence 5 EStG
    Nr. 5 Satz 5 EStG
  • Certificate according to Section 22, No. 5, sentence 7 Income Tax Act (EStG)
  • Comprehensive provision of customised forms management and reporting
  • Certificate according to Section 7, paragraph 4, No. 9 Retirement Provision Contracts Certification Act (AltZertG)
  • Annual custody account statements
  • Data for the continuation of a contract in accordance with AltvDV Section 11
  • Statements of transactions
  • Distribution notices
  • Annual report with, among other things, the use of the amounts paid in, the capital formed to date, the retained acquisition and sales costs, and the income generated
  • Covering letters and letters are supported by the efficient reporting and letter functions
  • Check-lists for underpayment, overpayment
  • Reports on contract status, start of contract, end of contract, transaction history, sales activities, and the like
  • Report on capital adequacy and treatment under the Large Loans and Million Loans Ordinance (GroMiKV)

Benefit from our additional services

Professional consulting, integration, and support services – including regular user meetings and the extranet portal “MyDIAMOS”, which is exclusively available for our users – round off our offer for you. With the ISAE 3402 Type II attested DIAMOS data centre, we offer you an additional plus in efficiency. Via this, we provide application service providing (ASP) solutions individually adapted to your wishes.