Fifth Capital Formation Act

from Wikipedia, the free encyclopedia
Basic data
Title: Fifth law to promote the creation of wealth for employees
Short title: Fifth Capital Formation Act
Abbreviation: 5. VermBG
Type: Federal law
Scope: Federal Republic of Germany
Legal matter: Employment Law
References : 800-9
Original version from: July 1, 1965
Entry into force on: January 1, 1982
New announcement from: B. v. March 4, 1994
( BGBl. I p. 406 )
Last change by: Art. 111 G of November 20, 2019
( Federal Law Gazette I p. 1626, 1689 )
Effective date of the
last change: 		November 26, 2019
(Art. 155 G of November 20, 2019)
GESTA : B030
Weblink: Text of the 5th VermBG
Please note the note on the applicable legal version.

The Fifth Capital Formation Act ( 5th VermBG ) regulates the promotion of capital formation by employees through agreed capital- forming benefits from employers in Germany .

Capital-forming benefits are cash benefits that the employer invests for the employee in the form specified in Section 2 of the Act. According to § 13 there is an entitlement to an employee savings allowance , provided that an income limit specified there is not exceeded.

The law applies accordingly to civil servants , judges , professional soldiers and temporary soldiers ; the payment to these status groups, however, is based on the law on capital formation payments .

Changes

The law was last amended by Article 8 of the Law on Modernizing the Taxation Procedure of July 18, 2016.

Web links