If you are a US citizen and wondering if Germany has a 401K scheme like the US or not, then this post will help answering this question.

The short answer to the question is: no, there isn’t.

The long answer: in Germany there is a public retirement scheme, and each employee pays social security contributions automatically every month from their salary. However, some companies does offer an extra company-pension schemes with private insurance companies, but it’s not very common, and people tend not to take it usually. If you looking for more information, search this keyword on Google “Betriebliche Altersvorsorge”.