How does the taxation of the advance lump sum work?

In January, your UnitPlus custody account will be taxed on the so-called advance lump sum. This is a tax based on the growth of fund and ETF investments from the previous year. As all UnitPlus portfolios including CashPlus are traded on the capital market, this tax also applies here. Setting up the exemption order can potentially be worthwhile here in order to keep the tax burden lower.

Portfolio value at the beginning of the year: €1,000
Base interest rate: *2.55 % (specified by Deutsche Bundesbank)
Factor: *0.7 (specified by the Federal Ministry of Finance)
= basic income €17.85

The tax calculation includes capital gains tax, solidarity surcharge and, if applicable, church tax: €17.85 * 26.375% = €4.70

For equity funds with more than 50% equities, a partial exemption of 30% is deducted from the base amount, which reduces the tax.

So if the value of your portfolio increased from €1,000 to €1,250 over the course of the year, the tax would amount to around €5.

This example does not take into account the fact that you may have only started investing money with UnitPlus during the course of the year. In this case, the tax is calculated pro rata per month.

The tax will be levied in January 2024 and automatically deducted from your UnitPlus custody account. We will automatically take your exemption order into account. You can easily set this up in the app under “Tax allowance”.