There are tax exemptions for capital gains, but the bank does not automatically recognize them. You must set up the Postbank exemption order.
It can be worthwhile to give Postbank an exemption order. If interest income is generated, the capital gains tax accruing within the scope of the exemption amount is not automatically transferred to the tax office. Would you like to know how you can issue, view, change or cancel exemption orders? We will clarify the facts in this article.
If you have issued an exemption order, the bank will not pay any capital gains tax, solidarity surcharge or, if applicable, church tax to the tax office within this amount. By taking advantage of the savings allowance, you can receive a certain amount of capital gains tax-free each year. The savings allowance and the business expenses allowance make up the savings allowance. This is 1,000 euros per person.
An exemption order is valid for all investment and savings accounts held at Postbank. Exemption orders cannot be restricted to individual accounts and securities accounts.
This can be done easily via the bank’s online banking. If you are making a joint investment, it is advisable to visit a local branch or use the PDF form provided online and sign it and hand it in at the branch. The form must be received by the bank at least 15 working days before the interest is credited.
Exemption orders can be viewed and changed online at any time.
This works in the following simple steps:
Alternatively, you can also log in to the Postbank hotline using your telephone banking PIN. The number for this is: 0228 5500 5500.
Exemption orders with Postbank can be canceled at the end of the calendar year. This can be done informally by post or online. The letter must contain the customer’s personal data and the request for cancellation. You should also mention the request for written confirmation of the cancellation in the letter.
Notices of termination by post should be sent to one of the following addresses:
In order to delete your Postbank exemption order, prior cancellation is required.
