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Teilfreistellung

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1 guide · Last updated 2026-08-04

An investment chart on a laptop screen representing ETF performance and taxation Investing

Investing in ETFs as an Expat in Germany: 2026 Tax Guide

A 300 EUR monthly MSCI World Sparplan at 7% growth nets about 13,046 EUR of a 16,000 EUR gain after Vorabpauschale and Abgeltungssteuer, roughly 18.5% tax drag thanks to Teilfreistellung.

Aug 4, 2026 11 min read 5 official sources

The Sunday briefing

Never miss a rule change

New guides, rule changes with the date they took effect, and the occasional correction. One short email a week, and I write every one myself.