Payout Schedule

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In the case of a payment plan (or withdrawal plan), the investor can have amounts paid out regularly from his investment fund , which usually has to be a certain amount. He can decide whether in addition to the earned income of its parts and assets to be paid out (payment plan with capital consumption) or whether it only from its capital should accrue revenues (payment plan with preservation of capital; a perpetual annuity ). Payment plans are often used to create a supplementary pension in retirement and are an alternative to an immediate pension .

Forms of payout plans

The main forms of the payout plan are fund withdrawal plans and bank payout plans.

Fund withdrawal plan

With a fund withdrawal plan, the regular payouts are financed through the sale of shares in mutual funds. The assets can be distributed across different types of funds - such as equity funds , pension funds or open-ended real estate funds . Co-payments or additional payments are just as possible as the liquidation of the investment deposit. The advantages of a fund withdrawal plan are flexibility, the possibility of diversification and the chance of a relatively high return .

Bank payout plan

With a bank payment plan, investors agree with the bank on a regular monthly payment rate and a fixed interest rate. Bank withdrawal plans are therefore less risky than fund withdrawal plans. However, they are also considered to be less flexible: Investors are bound to an agreed term of their bank payout plan. Usually this is ten or 25 years.

Examples

Any tax implications are not taken into account in the withdrawal . Depending on the income situation and tax exemptions , the withdrawals must be taxed: In Germany, income from payment plans is subject to the withholding tax .

With capital consumption

The withdrawal takes place in advance (on the 1st of the month).

  • Capital = 100,000 €, annual interest rate 4.00%, monthly withdrawal = 1000 €. The capital is used up after 10 years 7 months, there is a remaining balance of € 331.19.
  • Capital = € 80,000, annual interest rate 5.00%, monthly withdrawal = € 500. The capital is used up after 21 years 6 months, there is a remaining balance of € 212.82.

Without consuming capital

The interest is withdrawn immediately upon crediting, so the capital remains constant:

  • Capital = € 50,000, annual interest rate 5.00%, annual withdrawal: € 2,500
  • Capital = € 80,000, annual interest rate 1.75%, annual withdrawal: € 1,400

See also

Web links

Individual evidence

  1. ^ Federal Association of Investment and Asset Management: Fund withdrawal plan
  2. Handelsblatt.com: Bank payout plan - more profitable, but less flexible