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)