No advance lump sum: Tax implications for fund investors

Frankfurt The low interest rate level puts investors in distress and is now also affecting the taxes that fund investors pay. Many of them do not have to transfer the usual advance tax payment for the so-called advance lump sum to the tax office this January. The reason for this is that the base rate published by the Bundesbank, with which the flat rate is calculated, is negative.

This means that investors no longer have to worry about having enough money in their clearing account at the turn of the year. You do not run the risk of having to pay the advance flat rate through fund sales or, in the worst case, even out of the overdraft facility.