Increasing the savings allowance shows little effect on investing with shares (in German)

In the model calculation, the financial effects of increasing the saver's allowance to 1,000 euros are examined with a view to equity investment and compared with other tax instruments. These include the cumulative savers' allowance, the tax exemption of capital gains after a holding period and investment savings accounts as they exist in other countries. 

The calculations show that the reintroduction of tax exemption of capital gains in combination with a saver's allowance of 1,000 euros or saving in shares via investment savings accounts offer a significantly greater advantage than the various saver's allowances. The increase from 801 euros to 1,000 euros hardly shows any effect.