Flat tax - Have you ever heard?
(OpenPR) - The upcoming final tax affects everyone who expects now or in future capital gains. However, almost two thirds of Germans have never heard of her. This is according to a recent survey by market researcher GfK. Only four percent of respondents consider themselves well informed of the 1 January 2009 in force, tax information.
At first glance, the flat tax seems simple: Starting next year, payable on all private capital income and capital gains taxed at a flat rate of 25 percent. The flat tax is passed directly from the bank into state coffers - the tax liability is thus just "settled". Also, be paid directly solidarity surcharge and church tax where applicable. Together, the final charge to rise to 28 percent. be
Previously, capital gains recorded in the income tax return and declared with the personal tax rate. This eliminates the introduction of the flat tax.
Who can be exempt from withholding tax?
For all investors will continue to be a tax-free amount. The standard amount is then savers: stay for couples 1602 Euro, 801 Euro for singles income from investments in tax-free. How far can this be submitted to the Bank's exemption application, an already existing rule remains in effect.
Another way to get rid of the tax deduction offers, if the total annual income including capital income under 7,664 euros, the current exemption level is. Then the tax office should be a non-assessment certificate can be requested. This may be of interest such as students, students or retired people who make a living mainly deny from investment income.
What is true in the future for stocks and funds ?
for wealth accumulation and pension investors have been using for some time increases the chances of the capital market. Promise higher returns than shares as hard g eld, and with funds, the risk of securities investments limited. However, investors must rethink here with the introduction of flat tax.
Key Facts: •
gains so far were with at the expiration of a one-year holding period tax-free
• Introduction is the flat tax from 2009 capital gains tax general, 25 percent
the holding period of 12 months • •
abolished for dividends accounts for the advantage that they are taxed only half (half-income method) • the cumbersome need
Verlustverrechung does the future the Bank - at HVB happens even continuously optimized, so that as little as possible to pay taxes
• apply the new regulations not for investment, before 1 January 2009 are made (except for interest payments or dividends from securities covered by this protection does not stock, with price gains of certificates is limited to 30.6.2009)
"The changes can be very complex effects on the safe custody of investors have. This is in some points still legal uncertainty. It is important to respond. Whoever does not verify his assets and draws up if needed, may waste valuable money, "said Hendrik Pelckmann, responsible for investment products for private and business customers at HypoVereinsbank.
The consequences for savers may actually be serious: According to the Federal Association of Investment and Asset Management must be expected at a fund savings plan with monthly savings rate of 100 € after 30 years with a flat tax of 30,000 € be. The final wealth cheating actually 150,000 euros.
How the flat tax be avoided?
There are several ways to work around the flat tax:
First, the investor can adjust his portfolio before the introduction of flat tax in the long term. Then without prejudice to the continuance and price gains remain even after years of tax-free. However, the investors are thus on its flexibility. For each shift in assets after 2009 threatens 25 percent withholding tax.
An alternative that combines flexibility and tax-exempt, so-called funds of funds. These funds invest the money of investors turn to other funds. "The advantage of funds of funds, is that the manager even after introduction of the flat tax the assets through the exchange of the underlying funds at any time can move flexibly without the flat tax is due," said an expert Pelckmann of the HypoVereinsbank.
HypoVereinsbank offers such a fund of funds concept based on so-called Exchange Traded Funds (ETF). ETFs are passive funds that mimic usually different stock market indices by country (eg DAX), by region (eg emerging markets) or industries. You do not have to be actively managed. Shall devolve no high costs for administration. The basic approach: do not put all eggs in one basket. So diversify investment world, rearranged flexibly, and at very low cost.
Another innovation in order to avoid the withholding tax in the long term, the combination of investment products with insurance companies. Endowment policies are largely exempted from withholding tax.
Examples of such a combination are unit-linked insurance schemes, such as the pension assets of HypoVereinsbank. Here, regular contributions are invested in equity funds, but also secured a pension for life. The combination of classical and modern pension fund can be long-term benefit of the odds on the exchange, without worrying about the flat tax have to. And, although variable contributions paid and the investment strategies can be changed dynamically. Moreover, such an investment vehicle is capable Riester.
"However, when making investment decisions should not tax considerations alone are in the foreground. Basically, the criteria for personal investment strategy - in the second step, a tax planning is appropriate, "advises expert Pelckmann of the HypoVereinsbank.
Conclusion: Investors should use the time until the final introduction of the flat tax in order to optimize their capital structure. Who wants to start in the near future with the investment, should consult extensively on the new tax and its impact.
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