How does the payment of the church tax work?

 Please note that the following answer only applies to clients of our German offering.
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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.

From 2023, the statutory maximum limits for an exemption order of an individual will be increased to 1,000 euros and 2,000 euros for 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.

The exemption order applies at bank level. So, for example, if you have asset management with us with securities account management at Baader Bank, the exemption order set up for this also applies to the Scalable Broker.

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.