Please note that the following answer only applies to clients of our German offering.
With an exemption order, you instruct your bank to exempt accruing investment income from automatic tax deduction. Without this order, the bank will pay 25 % capital gains tax as well as 5.5 % solidarity surcharge and, if applicable, church tax to the tax office.
The statutory maximum limits for an exemption order of an individual are 1,000 euros and 2,000 euros for a joint exemption order of a married couple or registered partner.
To set up or change an exemption order, please log into your personal client area on our website and open the "Profile" menu item. In the "Taxes" section, you can set up or change your exemption order. Processing of your exemption order by the custodian bank usually takes a few banking days. The previous amount will be displayed until the new amount has been finalised. No action is required on your part during this time.
Please note: In the case of a joint exemption order, the maximum amount of 2,000 euros may not be split between both accounts, as the custodian bank would otherwise be unable to process the orders. The joint exemption order can only be set up on one account and will also be applied to the spouse's account in the Baader Bank system.
An exemption order that has been set up applies to all your business relationships with the custodian bank. As you use Scalable Capital with the custody account management at Baader Bank, the submitted exemption order applies to all products that also use Baader Bank for custody account management. The display in your personal client area shows you the entire exemption order deposited with the custodian bank.
Please submit your exemption order before the end of the current year. Exemption orders are always valid from 1 January of the current year or from the beginning of the business relationship.