Terms of Use
These terms govern your use of this website and the plan it produces. Please read the first section even if you read nothing else.
1. This is educational information, not advice
Everything this service produces is educational information. It is not personalised financial advice, not investment advice, not tax advice and not legal advice.
The plan is arithmetic performed on figures you typed in. It knows nothing about you beyond those figures: not your employment, your health, your dependants, your tax position, your existing pension entitlements, your other assets, or anything else that a person advising you would be required to consider.
No recommendation to buy, sell or hold any financial instrument is made anywhere in this service or in the document it sends you.
2. No investment service is provided
This service does not provide investment advice (Anlageberatung), investment broking (Anlagevermittlung), contract broking, portfolio management or any other investment service within the meaning of the Wertpapierinstitutsgesetz (WpIG) or the Kreditwesengesetz (KWG).
The provider is not licensed as an investment services enterprise and does not act as one. No financial instrument is offered, arranged, recommended or placed.
3. No client relationship
Using this service does not create a client relationship, an advisory relationship, a mandate or a duty of care in respect of your financial decisions. No contract for advice comes into existence, and none is offered.
You remain solely responsible for your financial decisions. Before acting on anything you read here, consider taking advice from a licensed adviser who can take your full circumstances into account.
4. Projections are illustrations
Where the plan shows what an amount might grow to, it applies a constant assumed annual return to a regular contribution in a straight line. Real returns vary from year to year and include losing years. Nothing shown is a forecast, a promise, or a representation about what any particular year will do.
Assumed returns are stated on screen and in the document, next to the figures they produced. Past performance is not a guide to future performance.
Projections allow for inflation. The assumed returns are real returns, after an assumed rate of price inflation set out on the methodology page, and projected amounts are shown in present-day purchasing power. Projections assume that monthly contributions are increased each year in line with that rate. No allowance is made for taxation, product charges or transaction costs unless the plan says otherwise.
5. Accuracy
The plan is only as good as the figures you enter. It cannot detect a mistyped number, and a plan built on a wrong figure will be confidently wrong.
The service is provided as it is. While it is built and tested carefully, no warranty is given that it is free of error or that it is suitable for any particular purpose. To the extent permitted by law, liability is limited to intent and gross negligence, and to the breach of material contractual obligations; statutory liability for injury to life, body or health is unaffected.
6. AI-generated text
Some explanatory sentences shown beside your figures are generated by an AI language model and are labelled as such where they appear. They describe numbers the calculator has already produced and never determine one.
The PDF contains no AI-generated text at all. Its figures come from the calculator and its wording is fixed.
7. The app in development
References to an app in development describe an intention, not a commitment. Nothing about its features, its availability, its timing or its price is promised, and no payment is taken for it.
8. Governing law
German law applies. If you are a consumer, this does not deprive you of the protection of mandatory provisions of the law of your country of residence.