This account type is one of the many tax-friendly investing accounts. However, an Aktiesparekonto is only available to those residing in Denmark and citizens of Denmark.
What is an Aktiesparekonto?
An Aktiesparekonto is Danish savings account for investing in shares. The account can be used for both buying and selling shares, and for holding shares that are not currently being traded.
It can also be used to hold cash, which can be used to buy shares when the market is open. It is typically managed by a bank or an investment company, and the fees are usually lower than those charged by a broker.
How much can I invest into an aktiesparekonto?
As of 2021, the total amount you can deposit into such an account is DKK 102,300.
What are the benefits of an aktiesparekonto?
An aktiesparekonto offers a number of benefits, including:
- Lower fees: Aktiesparekonto fees are typically lower than those charged by a broker.
- Easy to use: The account can be used to buy and sell shares, and to hold shares that are not currently being traded.
- Flexible: The account can also be used to hold cash, which can be used to buy shares when the market is open.
What will my tax rate be?
Instead of the regular capital gain tax, you will be taxed at a flat 17% rate on returns made within the account.
Where do I get one?
Brokers such as Nordnet and Saxo Bank offer these accounts.