6Mês·

Exhaustion of tax-free amount 2024 - Dividend payment December 2024 at ING

The last few years I received the December dividends from my Vanguard ETFs at ING between December 27 and 30.

So far, however, I have not received the December 2024 payout. Is it the same for other ING customers?

This puts you at a disadvantage when using up the allowance in 2024 and also in 2025 (if there are then 5 payouts).

I realize that the payout will come in the next few days. But then it will no longer be allocated to the tax-free amount for 2024. Is there anything I can do about this or is it just bad luck?

27.12

Vanguard FTSE All-World ETF

Recebido x420,4 Dividendos em US$ 0,447

US$ 187,76

17 Comentários

Sina@lawinvest

6Mês

I would say that you can't make a blanket statement that it falls within the 2025 allowance, because it is possible that it will be booked with an earlier value date.

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C^r$t€n@-C94-

6Mês

@lawinvest achso okay, yes maybe/hopefully you're right. I'll see in a few days.

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S.A.U.@SAUgut77

6Mês

All payments with a value date up to 31.12. fall under the old allowance.

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S.A.U.@SAUgut77

6Mês

@Dividenden-Sammler you could have saved yourself the SOS from a tax point of view...

As I said, if the booking (value date) falls in 2024, it will also be processed for tax purposes in 2024 🫡

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Kai@Dividenden-Sammler

6Mês

Unfortunately, many statements here are not correct ....
For tax purposes, it is the inflow and not the value date that counts.

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S.A.U.@SAUgut77

6Mês

@Dividenden-Sammler completely wrong...if the value date is in 2024, this date also applies for tax purposes.

You cannot process the posting transaction from 2024 in 2025 😉

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Kai@Dividenden-Sammler

6Mês

@SAUgut77 then read up on tax law - the inflow and outflow principle applies ... at least in Germany, which I assume also applies to you. If you are liable to pay tax in another country, the rules may of course be different. Or there are already many rulings that regulate this situation.

If I have it right in my head ... §11 EStG

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S.A.U.@SAUgut77

6Mês

@Dividenden-Sammler So a dividend booked in 2024 is also treated for tax purposes in 2024 and that is how it remains.

This is different, for example, if a distribution is canceled and then rebooked (e.g. for REITs)

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S.A.U.@SAUgut77

6Mês

@Dividenden-Sammler so your statement is so generally wrong.

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Kai@Dividenden-Sammler

6Mês

@SAUgut77 However, the dividend was not booked in 2024 but only in terms of value date (which is decisive for the interest calculation at the bank) but was received by the holder in 2025 (i.e. booking date). There are special cases, that's true. However, these do not apply in the case of a dividend payment/distribution.

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MoneyIncinerator@DoppelSchlechtMinus

6Mês

@Dividenden-Sammler I have now looked again and I think you are right. I deleted the wrong comment.

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Kai@Dividenden-Sammler

6Mês

@DoppelSchlechtMinus Thanks, no problem. But it's also a bit twisted in places. Even if it is logical, e.g. with interest, it can also be different for tax purposes.
This would also be a special case (interest), for example, but unfortunately it will probably not work with the usual practice at TR (as an example), as they usually always pay the interest from the previous month in arrears in the following month. It would be different if the credit was usually made on the 31st of the month and was now only posted on January 2nd due to the weekend/holiday etc.
Loan interest/installments or salary payments also belong to such special cases - as a small digression.

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Christian@userc5689c89dacf462d

6Mês

Dividend arrived today

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C^r$t€n@-C94-

6Mês

@userc5689c89dacf462d Yes, it came to me too. My concerns were unnecessary. The posting date was 31.12.24. The allowance from 2024 was debited.

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