|Annual management fee*||0,90%|
* The management fee is calculated at the end of each quarter (31 March, 30 June, 30 September, and 31 December) based on the value of the managed portfolio. This fee is charged at the end of each quarter on a pro rata basis.
Capital gains tax
Capital gains tax only applies to the sale of:
In both cases a withholding tax (capital gains tax) of 30% is deducted from the capital gains resulting from these fixed-income securities.
There are 2 methods to calculate this tax:
A capitalisation fund invests 40% in bonds and 60% in shares. The investor purchased the fund for EUR 100, and sells it for EUR 120.
The BE TIS value is known at the moment of purchase and sale. If the difference is positive, it is taxed at 30% withholding tax.
The fund does not calculate any BE TIS value. The realised capital gains is EUR 20. As the fund invested 40% in bonds, the tax is only calculated over 40%. 40% of EUR 20 is EUR 8. The tax is 30%, which means EUR 2.4 is deducted and the investor will receive EUR 5.6 net. The fund invests 60% in shares; 60% of EUR 20 is EUR 12, for which no capital gains tax is calculated. The investor will receive EUR 120 – EUR 2.4 (capital gains tax) = EUR 117.6 on selling the fund.