Assets
What is assets?
Assets are everything you already own at the time of filing your application. This includes all assets that can be liquidated, valued as of the date of application.
This includes: household goods, motor vehicles of all kinds, real estate, houses, jewelry, cash, life insurance policies, home savings contracts, etc.
What does not count as assets?
Motor vehicles valued at up to 15,000 euros are not considered assets in the SGB II calculation if you, as the owner, are capable of working.
The following are also not taken into account: reasonable household goods, retirement savings if they meet certain requirements, and assigned or pledged financial investments.
You may also own assets up to a certain value.
If you are applying for basic income support for the first time, you will be subject to a so-called waiting period of 1 year. During this time, as a single person, you may own assets worth up to €40,000. If there are several people in your household, the other individuals may each own assets worth
€15,000 each.
After the waiting period ends, each person in the household may own €15,000 in assets, regardless of their age.
Your assets are therefore reviewed when you submit your application and again after the waiting period has ended.
Was this article helpful to you?
You'll need to accept analytics cookies to rate this content.
Further articles
New Application/Submitting an Application
Information regarding the (initial) application process.
Application for Renewal of Benefits
Information regarding the application for renewal of benefits.
Calculation Explained Simply
Information on the composition and calculation of benefits.
Income
Information on what constitutes income and how it is calculated.
Reasonable costs
Information on the topic of reasonable costs