For those who invest via ISK, the tax will be raised sharply next year.
Now it’s time to think – am I really profiting from having ISK?
– If you have a return of 5-6 percent over time, it’s worth it, says Swedbank’s private economist Arturo Arques.
The government loan interest rate has been raised and then the tax on investment savings accounts (ISK) is raised automatically.
Next year, the tax will be 1.09 percent on the entire holding.
In ISK, you pay a flat tax on the holding each year instead of taxing the profit when you sell, as you do in a share or mutual fund account. So when is it worth choosing a traditional shareholding account?
Then ISK pays off
According to Arturo Arques, private economist at Swedbank, it is only appropriate to have stocks or equity funds in ISK.
– I usually say that you shouldn’t have anything other than shares and equity funds in ISK where you have an expected return of six percent or more. The Stockholm Stock Exchange has had a return of almost ten percent per year on average over time.
More advantages of ISK are that you don’t have to declare every purchase and sale, and that you don’t tax the profit.
Share deposit with a long savings horizon
If you have a very long savings horizon, tens of years, it can still pay to tax the profit. Since the money is taxed only when you sell at a profit, there is more money to make a return on in the meantime.
– The longer the savings horizon, the better it is with a share deposit.
Custodial accounts are also better suited for other types of investments, such as fixed income funds.
On Monday, the Ministry of Finance sent out a referral proposal which states that you do not have to pay ISK tax on amounts below SEK 300,000.