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Meldefonds vs. Non-Meldefonds Comparison
Non-reporting funds (Schwarzfonds) are subject to flat-rate taxation: 27.5% on 90% of the annual NAV increase. This calculator shows how much that costs you over your investment horizon compared to a reporting fund (Meldefonds).
€
€
%
years
Meldefonds
27.5% KESt only on reported AgE (approx. 30% of return)
Final value (net)€ 134 015
Total tax paid€ 6 835
Total contributions€ 58 000
Non-Meldefonds
27.5% on 90% of NAV increase or min. 10% of year-end value (§186 InvFG)
Final value (net)€ 97 453
Total tax paid€ 28 215
Total contributions€ 58 000
Meldefonds advantage after 20 years
+ € 36 563
Simplified model calculation — actual results depend on fund income, market performance, and individual circumstances.
Growth trajectory (net after tax)
Check whether your ETF is a Meldefonds
In our guide we show you step by step how to check on my.oekb.at whether your ETF is registered as a reporting fund.