How to Track Scalable Capital Portfolio in Freenance 2026 — EU Broker, PRIME+, Savings Plan & Tax Report

Scalable Capital is the second pillar (alongside Trade Republic) of the German neobroker generation that has reshaped retail investing in Continental Europe over the last five years. Founded in 2014 as a robo-advisor, Scalable pivoted in 2020 to add a self-directed broker on top, and today offers three product layers under one roof: Wealth (robo-managed), Broker (self-directed flat-fee), and Crypto. The Broker product offers PRIME+ and Broker tiers, free ETF Sparpläne from €1, and access to Xetra, Gettex, and major US/EU exchanges.

For investors who picked Scalable over Trade Republic — often for the broader exchange access, the cash-balance interest rate, or the integrated wealth-management option — the same reporting limitation applies as with any single-broker app: Scalable shows you what Scalable custodies, in the way Scalable wants you to see it, and tells you nothing about your other brokers, your other asset classes, or your forward-looking financial trajectory. The consolidated tracker is the job of Freenance, not of Scalable.

This tutorial walks through the Scalable Capital export procedure, the import flow into Freenance, the German Abgeltungsteuer mechanics, and the multi-broker consolidation that emerges once the data is in one place.

TL;DR: Export your Scalable Capital transaction history (CSV via the web Activity tab) and your annual Jahressteuerbescheinigung (German tax statement). Import into Freenance. The tracker reconciles your Scalable positions, surfaces the 25% Abgeltungsteuer plus 5.5% solidarity surcharge correctly for German tax residents, and consolidates Scalable alongside Trade Republic, DEGIRO, IBKR, and other accounts. Sign up for Freenance and consolidate your portfolio.

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What Scalable's Native Reporting Misses

Scalable's product is competent but narrowly scoped. The portfolio screen shows positions, current value, day P/L, and a basic chart. The Activity screen lists transactions. Statements are PDF. The annual tax statement (Jahressteuerbescheinigung) is produced for German tax residents at year-end and covers German-tax-relevant figures only.

The gaps that matter:

• No multi-broker view. If you have a Sparplan at Scalable, an active-trading account at Trade Republic, ETFs at DEGIRO, and US options at IBKR, Scalable shows only its own slice.
• No cross-asset view. Bank cash, real estate, crypto on Coinbase or Bitpanda, private pension (Rürup, betriebliche Altersvorsorge), Polish or Italian assets — invisible.
• PRIME+ tier benefit visibility is limited. PRIME+ subscribers pay an annual fee in exchange for trade-flat-fee buys/sells. Whether that fee is paying for itself depends on your trading frequency — Scalable does not surface a "PRIME+ ROI" view.
• Sparplan visibility is per-Sparplan, not aggregate. Many Scalable users run three to ten parallel savings plans. The app shows each one's status but not the consolidated forward cash-flow commitment, nor the projected portfolio in 5/10/20 years.
• Tax report is German-jurisdiction-only. For non-German EU tax residents (Polish, Italian, French, Dutch citizens with a Scalable account), the Jahressteuerbescheinigung helps but does not produce the figures needed for the home-country return.
• No FIRE / runway planning. Scalable's robo-advisor (Wealth) produces a goal-based plan; the Broker product does not.
• Allocation drift detection is absent. If your target is 80% equities / 20% bonds and a market move has pushed you to 90/10, Scalable does not flag the rebalance.

This guide assumes you keep Scalable as your broker and add Freenance on top.

What You Need

1. A Scalable Capital account in good standing (Broker or PRIME+ tier).
2. Web access to scalable.capital — the CSV exports are web-only.
3. Your most recent Jahressteuerbescheinigung if you are a German tax resident (typically issued in January–February for the prior tax year).
4. A Freenance account — free tier is fine for one broker; paid tier unlocks multi-broker and multi-currency.
5. Roughly 20-30 minutes for the first import.

Step 1: Export Your Scalable Capital Activity

1. Log in to scalable.capital (web).
2. Click Transactions in the left navigation.
3. Set the date range to your full history at Scalable.
4. Click Export → CSV.

The Scalable CSV columns are (translated where German):

Date, Time, Status, Side, Type, Symbol, ISIN, Quantity, Price, Currency, Amount in EUR, Fee, Tax, Comments

Sides include Buy, Sell, Saving Plan (Sparplan), Dividend, Tax, Interest, Deposit, Withdrawal, Fee.

For ongoing maintenance, the export can be re-run for Last 30 days and incrementally merged into Freenance.

Statements PDF (Supplement)

In addition to the CSV, download:

• The monthly Quartalsmitteilung or Depotauszug for position-level reconciliation.
• The annual Jahressteuerbescheinigung (if German tax resident) which Scalable issues in January/February.
• The annual Erträgnisaufstellung which itemises dividends, interest, and WHT — useful for non-German EU tax residents who cannot rely on the Jahressteuerbescheinigung.

Step 2: Add Scalable Capital as an Account in Freenance

1. Log in to Freenance.
2. Assets → Add brokerage account → Scalable Capital.
3. Base currency: EUR.
4. Tax residency country: Germany if you are unbeschränkt steuerpflichtig in Germany, otherwise your home country.
5. Tag the tier (Broker / PRIME+) — this drives the fee-amortisation logic.
6. Save.

If you also use the Scalable Wealth (robo-advisor) product, create it as a separate account. The Wealth product manages an underlying portfolio of ETFs on a discretionary basis; positions can be reported but the buy/sell timing is broker-driven, not user-driven.

Step 3: Import the CSV

1. Open the Scalable Capital account in Freenance.
2. Import transactions → Upload CSV → select the file from Step 1.
3. Freenance auto-detects the Scalable column format.
4. Review the preview, with attention to:
   • Each Sparplan row imported as a buy on the execution date with the correct fractional quantity.
   • Dividend rows linked to their underlying ISIN.
   • Tax rows — German Abgeltungsteuer is withheld and paid to the Finanzamt by Scalable. Each tax row should pair with a dividend or realised gain.
   • Fee rows (PRIME+ subscription, trade flat fee) imported as cost events.
5. Commit.

How Freenance Models the PRIME+ Subscription Fee

PRIME+ costs €4.99 per month (€59.88 per year) as of 2026 pricing. In Freenance, this imports as a recurring cost tagged to the Scalable account. The annual cost view answers the question "did PRIME+ pay for itself this year" by comparing the subscription cost against the trade-fee savings (each trade outside PRIME+ costs €0.99 or more; if you executed 100+ active trades, PRIME+ is profitable).

Step 4: Handle the German Abgeltungsteuer Correctly

For German tax residents, the Abgeltungsteuer regime applies a flat 25% on investment income (dividends, interest, realised capital gains), plus a 5.5% Solidaritätszuschlag on the tax (effective rate ~26.375%), plus optional church tax (8-9% on the tax).

Scalable applies this automatically:

1. Realised gain or dividend triggers the tax withholding.
2. The withholding is credited against your annual Freistellungsauftrag (tax-free allowance — €1000 for singles, €2000 for joint filers in 2026).
3. Only above the allowance does cash actually leave for the Finanzamt.

For Freenance to display this correctly:

1. Set the Freistellungsauftrag amount in the Scalable account settings.
2. The German-tax module tracks year-to-date allowance consumption: how much has been used by Scalable vs other brokers (you can split a Freistellungsauftrag across brokers).
3. The dividend forecast view shows gross dividend, allowance impact, and after-tax dividend cash flow.

Vorabpauschale on Accumulating ETFs

For German-tax-resident investors holding accumulating ETFs (VWCE, IWDA, CSPX, etc.), the Vorabpauschale — a deemed-income tax on accumulating funds — is charged annually in January based on a formula involving the base rate (Basiszins) and the prior-year fund value.

Freenance:

• Computes the Vorabpauschale for each accumulating ETF in your Scalable account using the current-year Basiszins.
• Surfaces the expected January tax liability so you can plan cash for it.
• Reconciles against the Jahressteuerbescheinigung once it arrives.

This is critical because the Vorabpauschale surprised many ETF investors in 2024 when interest rates pushed it from near-zero (in the low-rate years) to meaningful amounts.

Teilfreistellung

Equity ETFs (those that hold at least 51% equities) benefit from a 30% Teilfreistellung — 30% of the gain or dividend is tax-exempt at the German level. Freenance applies this automatically when the ETF is tagged as equity-majority.

Step 5: Multi-Broker Consolidation

Once Scalable is in Freenance, add your other accounts:

• Trade Republic via PDF/manual ISIN entry.
• DEGIRO via CSV.
• Interactive Brokers via Flex Query.
• Revolut Stocks and Crypto via CSV.
• German bank accounts (DKB, ING, Comdirect) via the standard bank-statement CSV.

The consolidated views Freenance now produces:

• Net worth across everything.
• True allocation — equities, bonds, cash, crypto, real estate, by geography and currency.
• Combined Freistellungsauftrag usage across brokers — so you do not over-allocate the allowance to one broker while another is unable to shield its income.
• FIRE runway with Germany-specific tax drag built into the projection.
• Cross-broker dividend forecast netted for Abgeltungsteuer and Teilfreistellung.
• Tax-loss harvesting candidates with awareness of the Verlustverrechnungstopf (separate loss pots for equities vs other investment income).

Sign up for Freenance and consolidate your portfolio.

Step 6: Ongoing Maintenance

A typical maintenance cadence:

• Weekly: glance at consolidated dashboard. No action needed unless something looks off.
• Monthly: download Scalable CSV for the previous month, import into Freenance, verify positions reconcile.
• Quarterly: review allocation, Freistellungsauftrag consumption, PRIME+ ROI, and tax-loss-harvesting candidates.
• Annually (January-March): download the Jahressteuerbescheinigung, reconcile with Freenance's German tax report, file the return.

A Worked Example: A German-Resident Scalable User in Freenance

Consider a steuerpflichtig in Deutschland investor with:

• Scalable Capital PRIME+: 3 ETF Sparpläne (FTSE All-World accumulating, MSCI Emerging Markets accumulating, Euro Government Bond distributing), each at €500/month, running for 30 months.
• Trade Republic: 1 ETF Sparplan (MSCI World accumulating) at €300/month, running for 18 months.
• Bitpanda: €4,000 in BTC + ETH accumulated over a year of weekly buys.
• DKB current account and Tagesgeldkonto: €15,000 cash.
• A private pension (Rürup): €60,000 accumulated.

Total notional net worth: roughly €130,000.

What Scalable's app shows: only the Scalable slice (~€48,000 currently invested in three Sparpläne).

What Freenance shows after consolidation:

• Net worth €130,000 with the proper asset-class slicing.
• Equity allocation 70% (across Scalable, Trade Republic, and the equity component of Rürup).
• Cash 12%, Bonds 6%, Crypto 3%, Pension wrapper 9%.
• Forward dividend cash flow: roughly €600/year gross from the distributing bond ETF, netted to ~€400 after German tax (with the €1000 Freistellungsauftrag still partly available).
• 2026 Vorabpauschale for the accumulating ETFs: estimated ~€95 in tax liability charged in January 2027.
• FIRE runway: at the current €1,800/month contribution rate and assuming 5% real return, the projected portfolio reaches €500,000 in roughly 11 years.
• PRIME+ ROI: 4 trades per year outside the savings plans, each saving €0.99 vs Broker tier = €3.96; PRIME+ fee €59.88; PRIME+ is currently a net cost of ~€56 (i.e. only worth it if the cash-interest perk and instant-execution UX matter to the investor).
• Tax-loss harvesting candidates: the MSCI EM Sparplan is slightly underwater (-€500); harvesting could offset gains from the bond ETF if any are taken before year-end.

This consolidation took 30 minutes of one-time CSV imports across the four accounts. The dashboard is then refreshed monthly with the next batch of Sparplan rows.

Sign up for Freenance and consolidate your portfolio.

Why a Consolidated View Becomes Essential at Mid-Portfolio Size

There is a natural inflection point — typically when total invested assets cross €100,000 — at which a single-app view stops being adequate. The reasons:

• The number of distinct positions and tax events crosses what spreadsheet maintenance can sustain.
• The cost of tax mistakes (under-claiming credits, mis-classifying gains, over-allocating Freistellungsauftrag) becomes material.
• The optimisation surface widens: rebalancing, tax-loss harvesting, Vorabpauschale planning, currency-hedging decisions all require integrated data.
• The forward-projection question ("when do I hit FI?") becomes a real planning question, not an abstract curiosity.

Investors who have been using Scalable Capital for 2-4 years almost always reach this inflection. The consolidated tracker is the next step; Freenance is built to be that step.

Common Pitfalls

Frequently Asked Questions

Does Freenance auto-sync with Scalable Capital?

Not currently — Scalable does not expose a public retail API. The CSV import is the practical state of the art and takes five minutes per month. Auto-sync is on the roadmap pending PSD3/FIDA in the EU.

How does Freenance handle the Verlustverrechnungstopf (German loss pots)?

German tax law segregates losses by income category — Aktienverlusttopf (equity losses, only offsettable against equity gains) and Sonstige Verluste (other investment losses). Freenance tracks these separately so you do not assume a fully fungible loss carry-forward.

What about Scalable Crypto?

Scalable Crypto is a separate product. Its transactions can be imported as a crypto account in Freenance, with tax treatment per German Privatveräußerungsgeschäft rules (one-year holding period for tax-exemption in Germany; below one year, full income tax at marginal rate).

Can I track my Scalable Wealth (robo) plan in Freenance?

Yes — the underlying ETF positions and rebalancing transactions appear in the Scalable Wealth statements. Imported as a separate Freenance account, the tracker shows the Wealth-managed portfolio alongside your self-directed Broker portfolio for a single net-worth view.

Does Freenance produce a Steuererklärung for me?

No — Freenance produces structured tax figures (realised gains, dividends, WHT, fees) ready to drop into Anlage KAP, Anlage KAP-INV, and where relevant Anlage SO. You or your Steuerberater file the actual return via ELSTER. Freenance is the working-paper tool, not the filing tool.

Further Reading

• Investing in Germany 2026 — the full German investing tax-and-broker context.
• Track all investments in one place — the multi-broker, multi-asset rationale.
• How to monitor your investment portfolio — the broader monitoring framework Freenance is built around.

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This guide is for general information only and is not investment, tax, or legal advice. The German Abgeltungsteuer, Vorabpauschale, Teilfreistellung, and Freistellungsauftrag mechanics are described as understood for the 2026 tax year and may change. Consult a licensed Steuerberater for your specific situation.