Time value account
A working time account is a working time account in which employees can save overtime, unused vacation days or parts of their salary.
Work flexibly, shape the future
Time value account - what is it?
Work-life balance is having an ever greater impact on employees. Working time accounts are an innovative way of converting working time and salary into credit that can later be used for sabbaticals, early retirement or other leaves of absence.
Facts & Figures
FAQ on working time accounts
We have summarized the most frequently asked questions about working time accounts for you in our FAQ. Our experts will also be happy to provide you with individual advice.
Working time accounts offer flexibility in the organization of working life. They enable employees to take longer periods of time off without suffering financial losses and help companies to manage their employees' working hours in line with their needs.
Employees can pay overtime, unused vacation days or parts of their salary into the time value account. These deposits are converted into money and credited to the account. If necessary, the accumulated credit can be used for time off.
- Overtime
- Unused vacation days
- Parts of the monthly salary
- Special payments (e.g. Christmas or vacation bonuses)
- Supplements (e.g. for night work or shift work)
- Sabbaticals or longer breaks
- Early retirement
- Parental leave or care leave
- Further training or qualification measures
- Reduction in working hours with the same salary
The exact regulations may vary depending on the company and collective agreement. It is important to observe the company agreements and statutory regulations.
The working time account is usually managed by the employer or an external service provider. The administration includes recording the deposits, paying interest on the balance and paying out when the account is used.
The saved credit remains and can either be transferred to the new employer or paid out. The exact regulations should be read in the employment or collective agreement.
Yes, working time accounts are regulated by law, in particular by the Flexi-II Act in Germany. This law ensures that the assets saved are protected against insolvency and that the deposits are subject to tax and social security contributions.
- Flexibility in the organization of working life
- Possibility to take longer breaks without financial loss
- Financial benefits in the event of early retirement
- Tax advantages through equal distribution of income
- Complex administration and legal regulations
- Possible uncertainties in the event of a change of employer or insolvency
- Possible delays in the payment of the credit balance
In principle, all employees can use a working time account if the employer offers this. However, the exact regulations and requirements may vary depending on the company and collective agreement.
The best way to find out is to contact the company's HR department or works council. They can provide information on whether and under what conditions a working time account is offered.
Further insurance solutions
In addition to working time accounts, we also offer numerous other solutions that could be of interest to you.
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