There are a multitude of tax-friendly investing accounts a beginning investor might consider taking. This article aims to inform you about your options.
What is a tax-friendly investing account?
An account that is taxed less, sometimes not at all, for capital gains made on your investments. These come in retirement plans through companies to long-term stock investing structures initiated by investors themselves.
Starting the process
Firstly, it’s important to consider in which country or countries you are eligible to have & hold an investing account, as the options and rules differ per country.
In the US, a clear split is made between retirement accounts & low tax accounts.
Individual Retirement Account (IRA)
UK tax-friendly account
In the UK, Individual savings accounts (ISAs) are available.
DK stock account
In Denmark, anyone residing in the country can open 1 Aktiersparekonto (Stock saving account).
FR account types
In France, by using a PEA, you get a significant tax benefit.