Investments made in funds that are registered in a country - member of European Union or European Economic Zone - and are deemed as investments funds according to the law about Investment Management Companies. Additionally:
20%* from gross income of that year, about which an income declaration has to be submitted.
For example, if the declaration is submitted for year 2011, then the tax refund will be from income of year 2011.
All investments are not necessarily to be declared at onced, once 5 years have passed. Income declaration may be submitted even in year 2014.
For example, if there were several investments in different funds and the overall amount is greater than 20% from yearly gross income, only a part of investments can be specified in the declaration and the rest can be declared in future years.
* This limit includes also donations, gifts, contributions to private pension funds, insurance premium payment. For example, if contributions to 3rd pillar pension were a total of 5% of gross income, and insurance payments - 6%, then the remaining 9% can be used for fund investments. (20%-5%-6%).
Description on tax refund provided here is informative and Swedbank does not hold responsibility for costs or losses that may occur in case the information provided is not complete, not precise or does not match clarifications made by State Revenue Service or another competent government institution on tax refund procedures. To receive full information on taxing of certain types of income Swedbank suggests all potential investors address their tax consultants.
The capital gains tax payable by the customer is as follows:
* the number of months when the units were owned by a customer** the number of months during which the units were owned by a customer after 1 January 2010
Investing into fund it is important to remember that high risk investments not only have higher potential profit, but also higher potential losses. Securities' values can fluctuate in both positive and negative directions. Historical profitability does not ensure the same income in the future.To find out what investments types will be acceptable for, fill in Investment profile questionnaire.
It is possible to invest into investment funds every business day (if the fund is public), as well as receive invested money in several days' time, depending on the fund.
To minimize the risk, the fund's assets are invested in a dispersed manner in various objects. By making an investment, the investor acquires relative ownership to the fund's investment portfolio in proportion to the investment amount.
Investment of fund assets is done by competent investment managers with rich experience in operating on financial markets, which will ensure efficient management of your portfolio.
Investing in funds allows the investor to save time and money as it takes only one financial operation. By purchasing and selling securities fund make transactions for large amounts, thus more favorable terms can be achieved.
Our Internet Bank site provides a detailed report of your investment and information about the current value. Likewise, you can easily make fund purchase, redemption or switch transactions, and open or change fund standing order, etc.
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Investment funds are formed by uniting financial resources of many investors. These resources are further managed by professional investment managers, giving possibility to get profit from securities market.
A fund order is an order you give to the bank if you wish to buy or sell units in a particular fund. In a purchase order you note the value up to which you wish to purchase units and state whether the issuance fee of the units forms part of the transaction amount or not. In a sales order you state the amount of units you wish to sell. The bank programme checks whether there are sufficient fund units in your securities account and enough money in your settlement account to pay the service fee. If so, the sales order will be carried out.
On the basis of a standing order the bank purchases fund units for your securities account. You choose the frequency with which you purchase units and the amount you purchase when you enter into your standing order contract. If you do not have sufficient money in your account at the moment when the purchase of units is due to occur, this purchase is skipped and a new purchase order is submitted on the next date set out in the standing order.
You can exchange your units for another class of units in the same fund or for the units of another fund managed by the same company. Check the terms and conditions of specific funds for more information. Units are redeemed according to the number and sales price of the exchanged units and new units are issued based on their purchase price. No disbursements are made when you exchange units.
Through Swedbank you can buy and sell securities which are traded on the stock market as well as those which are not. To trade in securities off the stock market, you will need to provide your account manager (i.e. Swedbank) with an order to buy or sell securities. The other party in your transaction must provide the same order to their account manager.
Securities transaction against payment means that Swedbank guarantees the transfer of the money from the buyer’s account to the seller’s account. Secure transaction means that no automatic transaction occurs: the buyer must pay for the securities.
Effective from 09.12.2019
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