Split €1,000 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 go unused at withholding.
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 does this mean for your real wealth?
The calculation above holds for the income you entered. If you have portfolios at several banks, Planafolio Pro suggests how to split your saver's allowance based on where your capital income actually arises.
Check my exemption order against my real incomeWhat does the result mean?
The result shows how you can split the saver's allowance across your banks so that as little of it as possible goes unused, and how much tax you save with it in the model.
Model assumptions
- The allowance is split in proportion to the expected income per bank. Losses and partial exemption are not taken into account.
- Tax rules as of 2026: flat tax, solidarity surcharge, church tax, partial exemption and saver's allowance as set out in law.
How the calculator works
The allowance is split in proportion to the expected income per bank and rounded to whole euros without exceeding the cap.
More on the methodologyWorked example
Example: splitting the allowance across three banks
The calculator's default values above: three accounts with expected income that together exceed a single person's saver's allowance.
Inputs
- Expected income, broker account€900
- Expected income, savings account€350
- Expected income, second brokerage account€120
- Saver's allowance (single person)€1,000
Calculation
| Total income | €1,370 |
|---|---|
| Broker account's share of income | 65.69% |
| Savings account's share of income | 25.55% |
| Second brokerage account's share of income | 8.76% |
Result
| Exemption order, broker account | €657 |
|---|---|
| Exemption order, savings account | €255 |
| Exemption order, second brokerage account | €88 |
| Tax saved (at 26.38%) | €263.75 |
Income exceeds the allowance, so it is used in full. The split follows the expected income per bank, so no allowance sits idle at one bank while tax is withheld at another.
Legal status 2026, without church tax. An allowance that was split badly can be recovered through the tax return.
Common mistakes
Granting more than the allowance in total
The total of all exemption orders must not exceed the saver's allowance: €1,000, €2,000 for joint assessment. The calculator keeps within that limit.
Selecting joint assessment without qualifying
The higher amount applies only with joint assessment, for instance for married couples. Splitting it without being entitled means granting orders that exempt more than you are allowed.
Just carrying last year's income forward
The split follows expected income at each bank. If it changes, the split no longer fits. Exemption orders can be changed for the future; tax overpaid otherwise comes back via your tax return.
Sources and status
Content reviewed on September 29, 2026. Legal status: 2026. The sources are official German legal texts and data and are therefore in German.
- § 44a EStG – Abstandnahme vom Steuerabzug (Freistellungsauftrag)
- § 20 Abs. 9 EStG – Sparer-Pauschbetrag
The calculation is a simplified estimate and does not replace tax advice.
What can I do?
Adjust the split when your income per bank changes – exemption orders can be changed at any bank for the future.
What matters
Three things that make the allowance expensive
All three lead to tax being withheld even though the allowance was available — the money then only comes back via the tax return.
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 go unused at withholding and can only be claimed via the tax return (Anlage KAP). 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 per person and year, €2,000 for jointly assessed couples. Interest, dividends and capital gains stay tax-free up to that limit. For the bank not to withhold tax in the first place it needs a Freistellungsauftrag — without one, the tax only comes back via the tax return.
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.
Embed this calculator on your own site
Free, no sign-up, no tracking. A one-line snippet that resizes itself — for blogs, guides and comparison sites.
More calculators
You might also like
Don't just calculate — keep track
Planafolio follows your portfolio, taxes and retirement plan automatically. Start free, no credit card.
Check my exemption order against my real income