For the pension

Aktien-Investor · 2025-08-07T20:35:01.017501Z

$TDIV ... because payouts are sexy...

Maximilian@Max095

1Settimana

Strong mix of dividends and price gains. Simply a strong ETF.🚀

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Spacepanda@Spacepanda

1Settimana

Do you know approximately how much withholding tax is due?

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Fortunus@Quiny

1Settimana

@Spacepanda 15% withholding tax on which you then save the solidarity surcharge. This results in a small tax advantage due to the withholding tax.

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Johnny B.@JBatelli

1Settimana

@Spacepanda The withholding tax is 15%.
But the good thing is that if you are over the tax-free amount, you don't pay much more because of the direct crediting of withholding tax and partial exemption. With the Dec. 24 distribution, I only paid a total of 17.7% tax. Although otherwise I am also roundabout at my 25-28% (due to capital gains tax + solidarity surcharge + church tax)

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CrashBurner@Psychedelic_Sunflower

1Settimana

Distributions would be sexy if there were no taxes in the savings phase.

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Aktien-Investor@Aktien-Investor

1Settimana

@Psychedelic_Sunflower How true ... but you have to die a death.

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Maximilian@Max095

1Settimana

@Psychedelic_Sunflower You also pay tax at the latest when you sell, and there is also the advance lump sum

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CrashBurner@Psychedelic_Sunflower

1Settimana

@Max095 Yes, that's true, but it's better to pay tax later than sooner. In addition, the FSA currently covers the upfront lump sum (for equity ETFs) for around €100,000. If a Dist-ETF with the same amount now pays out more than approx. 1.4% in dividends, you pay more tax than an Acc-ETF. In addition, you pay significantly less tax in phases of low interest rates. Even in years in which an ETF makes losses, you do not pay an upfront lump sum with Acc-ETFs; the Dist-ETF and its distributions are milked by the state even in loss-making years.
I can take advantage of the FSA with Acc-ETFs every year through sales, you just have to keep an overview of how many shares you have acquired in what order and at what price.

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Aktien-Investor@Aktien-Investor

1Settimana

@Psychedelic_Sunflower In loss years, there is generally no advance lump sum for accumulating securities investments. There is generally no advance lump sum for distributing securities investments.
The FSA is probably also a unique German thing. It doesn't exist anywhere else - and we all don't know for how much longer. Capital income is still taxed more favorably than work... who knows what the situation will be like in 30 years when I retire.

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Maximilian@Max095

1Settimana

@Psychedelic_Sunflower Who knows how high taxes will be in 20-30 years?

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Aktien-Investor@Aktien-Investor

1Settimana

@Max095 nobody ... but they are probably not lower than today ...

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CrashBurner@Psychedelic_Sunflower

1Settimana

@Aktien-Investor Yes, I hope I have been able to express it clearly. However, if the prime rate is higher than the dividend yield of a Dist-ETF, the up-front lump sum is still payable on distributors.

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CrashBurner@Psychedelic_Sunflower

1Settimana

@Max095 no one can give a serious answer. But I am sure that these taxes will continue to apply to distributions, which makes it irrelevant in the withdrawal phase whether I receive distributions or sell units of the same value. The difference is that the accumulator has paid less tax by then

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For the pension...