Split 1,000 EUR of allowance properly
Several banks, one allowance. Enter your expected investment income and see which amount belongs to which bank — and how much allowance would otherwise expire.
A suggestion based on your estimate. A Freistellungsauftrag always covers all accounts and portfolios at one bank.
Allowance fully used — that saves €263.75 in tax.
Distributing the maximum of €1,000.00.
Tax saved
€263.75
Allowance used
€1,000.00
Unused
€0.00
| Bank | Income | Allowance | of which taxed |
|---|---|---|---|
| Depot-Broker | €900.00 | €657.00 | €243.00 |
| Tagesgeldkonto | €350.00 | €255.00 | €95.00 |
| Zweitdepot | €120.00 | €88.00 | €32.00 |
The individual amounts never add up to more than the statutory maximum — exactly what you confirm on the official form.
What matters
Three things that make the allowance expensive
All three cost real money even though the allowance was available.
Only one bank instructed
Filing the full amount with a single bank means paying tax from the first euro at every other bank — even while the allowance sits unused.
Too much at the wrong bank
An allowance at a bank paying 50 EUR of interest is worth 50 EUR — the other 950 EUR expire at year end. That is why it is split by expected income, not evenly.
It applies per bank
A Freistellungsauftrag always covers every account and portfolio at one institution. Splitting it between two portfolios at the same bank is not possible at all.
Frequently asked
Understanding the Freistellungsauftrag
1,000 EUR per person and year, 2,000 EUR for jointly assessed couples. Interest, dividends and capital gains stay tax-free up to that limit — but only if a Freistellungsauftrag is on file.
The bank withholds capital gains tax from the first euro. The money is not lost: you reclaim the overpaid tax through Anlage KAP in your tax return. A Freistellungsauftrag saves you the detour and the lost interest.
Yes, any time until year end, usually in a few clicks in online banking. Changes can also be backdated to 1 January of the current year, and the bank refunds tax already withheld.
Your German tax ID. Without it a Freistellungsauftrag has been invalid since 2016. For joint filings both spouses need their own ID.
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