The advance lump sum on investment funds is due on a fictitious income that investors have achieved with their fund allocations.
(Photo: imago images/MiS)
Frankfurt Rising interest rates aren’t just making savers happy. They also lead to the return of what is still a relatively new tax prepayment for fund shares. The so-called advance fee for investment funds was calculated for the first time in 2019 and quantifies a fictitious return that investors have achieved with their fund shares over the course of the year. Then they have to pay tax on it.
For the years 2021 and 2022 this lump sum does not apply. The reason: The base interest rate published by the Bundesbank, on the basis of which the flat rate is calculated, was negative. For 2023, the Bundesbank has now set the base rate at 2.55 percent. This makes the lump sum relevant again for many funds. This can be good news for investors. Because they can calculate the advance tax payment into their annual savings allowance.
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