The number ISK accounts doubled in 2015 – Västerbotten Courier

Economy. It took a few years after the start but now ISK accounts have a broad impact. Last year, over 1.8 million Swedes at least one such account, compared with just over 953 000 a year earlier, according to the Tax Agency.

Facts

the rules of standard taxation of ISK accounts declined slightly at the end of last year. Now that the value of the account multiplied by government borrowing in November (last 0.65 percent) plus 0.75 percentage points. For a saving of 100 000 means that 1.4 percent, or 1400 crowns. The sum is taxed ultimately by 30 percent or SEK 420.

The benefits of savings form include that it is easy to buy and sell securities without having to declare each business individually and that there is no withholding tax on dividends in Swedish equities.

this savings form is also suitable for children.

the disadvantages are that it will be the same standard tax even when the value of the account decreases.

the investment savings account (ISK) was introduced at the turn of the year 2011/12 with the purpose that savers could trade in shares, mutual funds and other securities without having to declare any profit or loss. The balance in the account flat tax once a year and then it’s fine with it.

Tax-free dividends

2012 opened the 231,015 Swedes a ISK account and, in principle, the number has doubled each year since its. In 2015 the figure was 1,839,617, according to the Tax Agency. Because the flat tax is linked to the currently extremely low government borrowing, savings shape is very favorable, but of course, provided that the shares and funds in the account increases in value.

– If you want to save in any other way than in a regular savings account, such as stocks and mutual funds, so is ISK account excellent. It is easy to manage purchases and sales within the account and any dividends in the account is essentially tax-free compared to conventional stockbrokers, says Ingela Gabrielsson, private economist at Nordea.

The levy may be less favorable if interest rates rise sharply, but such a change, there are few today who expect at least a couple of years ahead.

Warning for IPS

ISK accounts are favorable so the opposite is true for the individual pension savings ( IPS) that no longer benefit from the tax deduction. Last year was despite the 3.6 billion kronor taxed on the type of account, the money will be taxed a second time when they are taken out.

– All players are trying in all channel informing about this: Stop immediately to save that way. However, you should save for their own retirement, but then in other forms, such as in a ISK account, says Ingela Gabrielsson.

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