All terms
Tax exemption order (Freistellungsauftrag)
An instruction to your bank not to tax investment income up to the saver's allowance.
With a tax exemption order (Freistellungsauftrag) you tell your bank: please don't deduct capital gains tax up to this amount. You usually set it online in a few clicks; the bank needs your tax ID (Steuer-ID).
You can split the saver's allowance across several banks. In total, your orders must not exceed 1,000 euros (couples: 2,000 euros). The Federal Central Tax Office checks this.
Example: you have a brokerage account and a savings account. You assign 700 euros to the brokerage account and 300 euros to the savings account, because you expect about 300 euros of interest there.