The Swedish National Audit Office (Riksrevisionen) says in a new report that use of the investment savings account (Investeringssparkonto, ISK) has caused SEK42bn (€4bn) in lost tax revenues, and has recommended that the government advise Parliament about the impact of the regime. The ISK regime was introduced in 2012 to make it easier for individuals […]
Lannebo Fonder, the Swedish boutique with some SEK70bn (€6.8bn) of AUM, has launched its investeringssparkonto (ISK) for local investors who wish to save directly into its funds within a tax efficient wrapper. The ISK regime in Sweden works similarly to, for example, the ISA regime in the UK, in that account holders can invest in […]
Swedish government proposals to tax investments held within so-called investeringssparkonto (ISK) investment savings accounts that act as tax wrappers, have been condemned by the Swedish Investment Fund Association (Sifa), as posing a threat to what has become one of the most popular ways to engage in long term savings in the country. Some two million accounts […]
The key rate used to calculate tax due from gains from investments held according to the tax efficient investment savings account regime (investeringssparkonto, ISK) in Sweden has been set at 1.25% for 2017, reports the Swedish Investment Fund Association. Hanna Helgesson, Financial Savings economist at the Association notes that this rate actually represents the “floor” […]
Regulatory proposals have been put forward in Sweden that would allow fund manufacturers to also offer tax efficient savings accounts under the regime governing investment savings accounts (investeringssparkonto, ISK). The proposals have been put forward by an ongoing enquiry making recommendations for the government. The Swedish Investment Fund Association (Fondbolagens förening) has been pushing for […]
The Swedish ISK (Investeringssparkonto) investment savings account regime is becoming an increasingly important route to fund distribution, according to net investment returns analysed by the country’s largest online stock broker. Avanza has estimated that up to 2 million Swedes are now using an ISK account to improve returns from assets such as funds and direct […]
The Swedish Investment Fund Association (Fondbolagens förening) has objected to proposals to change the effective flat tax rate applied to the country’s tax efficient investment savings account wrapper regime known as Investeringssparkonto. This type of investment savings account was introduced to facilitate savings, including through collective investments, which are held within the wrapper. According to […]
Sweden’s so called Investeringssparkonto, a tax efficient savings wrapper regime, has accounted for the biggest share of household total savings into funds over the past year, data from the Swedish Investment Fund Association suggests. Net savings into funds via ISK accounts hit SEK51bn (€538m) in 2014, which was the single biggest share along side other […]
The latest cut to the benchmark Swedish government borrowing rate should serve to create better returns for investors using the investment savings account (Investeringssparkonto) wrapper, according to the Swedish Investment Fund Association. The rate, which is a reference rate used for tax purposes, was cut to 0.9%. This means that the effective flat rate tax […]
Data published by the Swedish Investment Fund Association suggest a third of net fund sales through the third quarter went through the tax efficient investeringssparkonto (ISK) the investment savings account structure lunched under the previous government – some SEK11bn of total net savings of SEK33bn. Direct investments in funds by households over the period were […]
There are mixed views as to whether the 80,000 investment savings accounts opened in Sweden since the start of the year represent a success or failure of one of the flagships of the government’s savings policy.
Jonathan Boyd rounds up the best news and analysis from Investmenteurope.net.