Vorabpauschale

In English: Advance lump-sum tax

A small yearly tax on funds that reinvest their gains (accumulating ETFs), charged each January even if you sell nothing. It is based on the fund's value × the Basiszins × 70%, capped at the actual gain. It is credited when you sell, so you are not taxed twice.

Where it comes up

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These are estimates to help you plan – not financial, tax or legal advice. They use German tax rules for 2026, assume steady returns and interest rates, and simplify where the page says so. Check the figures with your bank or a tax adviser before you decide.