2. Basic Amount for Property
Taking into account its purpose, the legislature grants numerous voluntary contributions which are intended to protect the assets against the Hartz IV benefits (so-called “soft assets”). Each person living in the community of need and their partner is entitled to a basic amount of EUR 150.00 per full year, but at least EUR 3,100.00 each. A minimum basic allowance of 3,100.00 EUR is payable to every child under age. Every person entitled to a benefit in the community will receive an additional allowance of 750.00 EUR. This is provided for taking into account the appropriateness of necessary acquisitions.
The basic amount for assets is therefore granted irrespective of any purpose. However, the maximum amount of the capital transfer is limited, which is the upper limit for the year of birth of the ALG II beneficiary:
|People by date of birth||max tax free amount|
|born before 01.01.1948||33.800 €|
|born before 01.01.1958||9.750 €|
|born after 31.12.1957||9.900 €|
|born after 31.12.1963||10.050 €|
More information on crediting assets with Hartz IV.