A simplified example for the success bonus calculation

Let’s assume 60,000 euros were invested in a wikifolio certificate at once at the beginning of the year.

  • With the associated wikifolio, you were able to achieve a performance of 18 percent by the end of the year.
    In terms of investment volume, you have increased the investments of the investors by 10,800 euros to 70,800 euros (18 percent of 60,000 euros).
  • The predetermined performance fee of 20 percent is calculated in the wikifolio based on the 10,800 euros of capital growth – that is 2,160 euros – and deducted.
  • The basis for your revenue share is the performance fee after a deduction corresponding to the German VAT rate.(1) Assuming an applicable German VAT rate of 19 percent, the base for the success bonus in our example is 1,815.12 euros (2,160 divided by 1.19).
  • Based on the investment volume of the wikifolio certificate of more than 50,000 euros, you are entitled to 40 percent of the performance fee pursuant to the above-mentioned scale.

You will therefore receive a success bonus of 40 percent of 1,815.12 euros. That is 726.05 euros.
As needed, a value added tax chargeable event will be considered.

 

 

(1) This deduction stems from the contractual setup between the issuer of wikifolio certificates and wikifolio Financial Technologies AG and is completely independent from the VAT treatment of the transaction between you as a wikifolio trader and wikifolio.
The imputed VAT rate applicable for the deduction is the German VAT rate at the moment a new high watermark is reached, and the performance fee is calculated. For the period from Jul 1 to Dec 31, 2020 the deduction is reduced to 16 percent due to temporary tax reliefs in relation to the Covid19 pandemic (2. Corona Steuerhilfegesetz). For all other periods, the applicable rate for the deduction is 19 percent.
Due to technical reasons, you will receive separate Credit Notes, if the payout amount is made up by success premiums earned during periods with different imputed VAT rates.