Please note that the following answer only applies to clients residing in Germany.‌

A child can have up to €13,384 tax free income* per year, which consists of three components:

  1. €1,000 saver’s tax allowance: This can be activated by instructing a tax exemption order (Freistellungsauftrag) directly in the Scalable app. To do this select the account you want to manage under Profile > Tax exemption order in the app and Profile > Taxes > Tax exemption order in Web.

  2. €12,348 basic tax allowance: This can be achieved by submitting a non-assessment certificate (NV-Bescheinigung). Once you have received your non-assessment certificate from your tax office, please send a copy of the document to:


    ‌Scalable Capital Bank GmbH
    Seitzstraße 8e
    80538 Munich 
    Germany    ‌

    Alternatively, you can upload documents to the Scalable client area. To do so, please contact our Client Service Team via the Support function in the app or our contact form. We will then provide you with a personal upload link. Please do not send us original certificates.
  3. €36 special expense tax allowance
If a tax exemption order has been submitted, the custodian bank will not withhold the otherwise due capital gains tax on capital gains until the maximum of €1,000 has been reached. When a non-assessment certificate is filed, no taxes will be withheld.

* Scalable Capital does not provide tax advice. Tax treatment is individual and can change. Assumption: €1,000 saver’s tax allowance, €12,348 basic tax allowance and €36 special expense tax allowance, capital gains tax: 25%, solidarity surcharge: 5.5%, church tax: 9%.