As of January 1, 2025, Sweden has introduced a tax-free exemption for savings in ISKs.
Key Details for 2025:
- Tax-Free Exemption: Up to 150,000 SEK per person across all ISK accounts.
- Taxation Above the Allowance: For amounts exceeding the 150,000 SEK threshold, the taxable amount is calculated based on a standardized return (schablonintäkt).
- Standardized Return Rate: The standardized return is determined by adding 1 percentage point to the government loan interest rate (statslåneräntan) as of November 30 of the previous year. For 2025, the statslåneräntan was 1.96%, resulting in a standardized return rate of 2.96%.
- Tax Rate: The standardized return is taxed at 30%, leading to an effective tax rate of 0.888% on the portion of your savings exceeding 150,000 SEK.
This tax-free exemption is applied automatically in your income declaration; no additional action is required on your part.
Looking ahead, the tax-free exemption is set to increase to 300,000 SEK per person starting in 2026.
The material contained herein is for general information only and is not intended to serve, and should not be construed as, tax, legal or investment advice. Please consult your own advisors.