The government’s new autumn budget has been presented, and it looks like taxes will be reduced on several fronts in 2025.
Among other things, the Tidö parties and the Sweden Democrats want to lower the tax on fuel and remove the flight tax.
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The losers in the new autumn budget
The tax will also be reduced for many groups in society – but it is far from everyone. Some are not affected at all by the government’s autumn budget.
According to the savings economist Frida Bratt at Nordnet Bank, it is especially those with high debts who will be particularly vulnerable.
– Those in debt, those with unsecured loans with high interest rates, have higher costs because the interest deduction on this type of loan is phased out over a period of two years, she said in a previous interview with News24.
READ MORE: They are the budget’s big losers: “Not affected at all”
Minister of Finance Elisabeth Svantesson (M). Photo: Pontus Lundahl/TT. Economen: Cheaper and easier to save
Some for whom the budget will pay off are small savers.
The government will spend SEK 4.4 billion on lowering the tax on ISK and KF accounts.
Felicia Schoenprivate economist at Avanza, tells us that it will be cheaper to save in connection with the implementation of the autumn budget.
– This is a long-awaited and welcome proposal for the government. Now it will not only be cheaper to save and invest, it will also be easier, she tells Nyheter24, and continues:
– This makes saving in shares and funds available to everyone, not just to those who are already committed.
For ISK accounts, you pay tax on the value of the savings annually.
Felicia Schön, private economist at Avanza. Photo: Avanza press pictures. Felicia Schön, private economist at Avanza. Photo: Avanza press pictures. Then it pays extra to invest
Today, the first SEK 50,000 you save is tax-free. When the autumn budget takes effect in 2025, the 150,000 kroner provided will be tax-free.
Schön at Avanza believes that it will encourage more people to save money in ISK or KF accounts, as the tax cut will apply to both old and new savers.
– The tax on various accounts for investments is not entirely easy to understand, which can have a deterrent effect. From 2025, anyone who wants to start saving in shares or funds can feel secure that the first SEK 150,000 is completely tax-free, she says and continues:
– I think it will lower the thresholds so more Swedes dare to take the step from savings account to investments for their long-term savings.
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The stock market, shares, funds. Photo: Oscar Olsson/TT.Fondsparande. Photo: Henrik Montgomery/TT. So much more does it pay to save money
At Avanza, several calculation examples have been made:
If you have saved up 150,000 kroner, today you pay 1,629 kroner in tax on that sum. After the autumn budget, you will not pay tax at all on that sum.
If you have saved SEK 200,000, you pay SEK 2,172 in tax today. In connection with the autumn budget, that figure will be reduced to SEK 543.
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See all calculation examples below:
Calculation example from Avanza. Photo: Avanza.