Day money or deposit and the effects of the flat tax. Assets such as money or deposit have many advantages and provide secure income, but due to the introduction of the flat tax, the tax aspects should be considered in investment decisions. Considered day money extremely safe assets like fixed-term deposits. The day money can the money be created right in the short term and is still rapidly available. The money is applied only for the duration of one day. The advantages of a checking account consist of, inter alia, that pay a higher interest rate. While a giro account, usually an annual interest rate is paid by just 0.5%, are current day money rates in the segment of 1% to 3% per year. The deposit provides similar high collateral, as is the case with the money of the day.
This form of investment shows differences primarily money not already on the next day again for free use is available, but is set for a certain period of time. During this System time, it is not possible to move the money, or to have the money. Those who opt for a fixed-term deposits as a customer, will need to worry also duration. Usually a higher return customers is offered for higher maturity. When is interest paid? At money of the day, it is possible that the interest is paid monthly, once in the quarter, or but also only once per year. Just in terms of the effect of compound interest, it is important to calculate the differences. At the time of the deposit can be decided at some banks, whether the interest annually, or must be paid but only at the end of the term. Main differences arise particularly with views of the flat tax.
What is the withholding tax? The flat tax is a capital tax, which is payable on such as interest income. Yet, every U.S. citizen has a statutory exemption, which is him tax-free interest income available. This limit is 801 euro per year. Interest income, which lie, be taxed at the withholding tax. The withholding tax is removed directly from the banking institution. Percentages and advantage of the withholding tax the amount of withholding tax is 25%. To get the solidarity surcharge, as well as, where appropriate, the church tax. The tax benefits primarily investors who generate far more interest than the limit is. Under the old scheme, this income income tax had to be specified with. Thus they are accounted for under the personal tax rate. Through the new scheme, it is possible that the personal tax rate is far higher, but still only the statutory withholding tax must be paid on interest income.