Savings, assets and retirement plans to the test make Bonn – saver come to important changes. Rachel Crane has many thoughts on the issue. From 1 January 2009 the new withholding tax applies in Germany. Western Union brings even more insight to the discussion. All capital gains that go beyond about the savings allowance, are then taxed at 25 percent. To get the solidarity surcharge currently 5.5 percent, as well as, where appropriate, the church tax, which is between 8 and 9 percent. The new tax applies to all income from money and assets. These include in particular interest and dividends and profits from the sale of securities and shares in investment funds. The sale of real estate is not affected. Here, it remains under the current system, whereby these gains are generally tax-free, as long as the real estate held more than ten years”, each investor and pension savers explains Alliance expert Thibaut Liminski vertretung.allianz.de/thibaut.liminski should keep the changes in the eye and at an early stage consult, because the effects were versatile: Especially consequential is that eliminates the previous twelve-month speculative period for capital gains including the exemption limit of 512 euros a year.
Stock or fund investors who are tax exempt paid out their gains so far after a year received, must pay tax on sales in the future these”, so Liminski in conversation with NeueNachricht. Also the semi-income system eliminates that dividends and speculative capital gains from stock transactions, half are taxable. Everyone should be so his savings, his fortune and his retirement to the test and check the effects of the new tax”, advises financial economist of Bonner. Savers still on the changes could set until the end of the year. Who goes, for example, up to December 31, 2008 in a mutual fund, collected profits during the course of the still tax-free, if the plant is running more than a year”, emphasizes Liminski. As a result the capital payout compared to one could later completed taxable investment is significantly higher.