An ISK (Investment Savings Account) is an account where private individuals can save in shares, investment funds or other financial products. For most people an ISK results in lower taxes and less work compared to a share/investment fund account and it is particularly suitable for long-term savings.   Key features: Low tax: You do not pay any capital gains tax on the sale of securities, instead you pay an annual percentage flat-rate tax on the value of the account. The tax follows the general interest rate situation and is at the moment very low.  Avoid declaring it in your tax return: No need to declare gains/losses from sales of securities. The tax information needed will be pre-printed in your tax return.  ISK’s favourable terms may change in the future.  Advinans will continuously analyse the situation for our customers to provide accurate advice and may, for example in the event of changed tax rates, recommend another account form.     Read more about taxation of ISK under the section ”Fees & Taxes”.

The minimum for a single deposit into an ISK with Advinans is SEK 1,000. For a monthly savings plan the minimum amount is SEK 100.

BankID is Sweden's largest and most secure e-identification and is as effective from a legal point of view as a written signature. Compared to user name and password or a written signature, BankID is a more secure and easier solution. That is why Advinans has chosen to base all identification and signing on that.

You register for BankID via your Internet bank. For more information, visit the support web page for BankID: https://support.bankid.com/sv/bestalla-bankid/bestalla-mobilt-bankid.

Advinans believes that an ISK is currently the most appropriate account form for the majority of our customers. The account has a simple setup, there is no need to declare anything and you can deposit/withdraw money as well as buy/sell securities without any fees or tax. Instead of capital gains tax on sales of assets, ISK has a percentage flat-rate tax on the entire capital which is currently very low.  Advinans continuously evaluates the market and the tax situation for different account types. If we consider another option to be more favourable, we will change our recommendations.

At present you cannot get a monthly payout from your ISK with Advinans. ISK is currently the savings form we recommend for private retirement savings and an opportunity for monthly payouts is therefore something we are looking at being able to offer in the future.

It is not possible to set up an account in a child’s name with Advinans. You can, however, save in your name and create a specific savings target for someone else, such as your children. Since Sweden currently does not have any gift tax, you may withdraw the money and give to your child when the time is right. By saving in your own name you also maintain control over your savings even after the child reaches the age of 18.

A person in a politically exposed position is a person who has or has had an important public function in a state or in an international organization. Advinans is obliged to ask if you are a person in a politically exposed position or a family member or a known employee of such a person.   You cannot become a customer of Advinans if you or someone close to you is a person in a politically exposed position. The cost of dealing with such customers would affect other customers. A person in your vicinity refers to a family member or known employee in accordance with the Act (2017: 630) on measures against money laundering and terrorist financing.  You cannot become a customer of Advinans if you or someone close to you is a person in a politically exposed position. The cost of dealing with such customers would affect other customers. A person in your vicinity refers to a family member or known employee in accordance with the Act (2017: 630) on measures against money laundering and terrorist financing.   What does important public function mean? By important public function in a state is meant functions such as: heads of State or Government, Ministers and Deputy Ministers and Deputy Ministers; members of Parliament members of the Management Board of Political Parties (represented in any of the bodies referred to in paragraphs 1-2 judges of the Supreme Court, the Constitutional Court or other high-level judicial bodies whose decisions can only exceptionally be appealed; senior officials of audit authorities and members of central bank governing bodies; Ambassadors, Chiefs of Mission and senior officers of the Armed Forces, and persons who are part of the administrative, management or control bodies of state-owned companies. An important public function in an international organization refers to functions such as: directors deputy directors board members holders of similar positions. What does a family member or famous employee mean? Family member refers to: spouse registered partner cohabitant children and their spouses children and their registered partners children and their cohabitants parents.   By known employee is meant a natural person who, according to what is known or there is reason to believe, jointly with a person in a politically exposed position is the real principal of a legal person or legal structure or who otherwise has or has had close relations with a person in politically vulnerable position, and natural person who is the sole real principal of a legal person or legal structure which, as far as is known or there is reason to believe, has actually been established for the benefit of a person in a politically exposed position. Close connections refer to close business connections and other connections that may mean that the known employee may be associated with an increased risk of money laundering or terrorist financing. ­­

Advinans only allows persons who are taxable only to Sweden to become customers. To allow customers who are taxable to other countries would involve a cost for Advinans which would ultimately need to be borne by our other customers. That is why we have chosen not to allow it at present. Taxable means an obligation to pay some type of tax, for example income tax, in a particular country. It is possible to be taxable to several countries but normally it is only to the country where you are primarily resident. The US has particularly strict rules and if you have any type of close connection to that country such as citizenship, residence permit, own real estate or have had a long-term stay in that country, Advinans recommend that you contact the IRS to determine any potential tax liability to ensure that you are not a so-called US Person.

To close and delete your account with Advinans, you need to first withdraw all the money, and then contact us and let us know that you want to delete your account. Follow these steps to make a withdrawal: Go to "Your finances". Select the portfolio you want to delete. In the upper right corner, select "Withdraw money". Mark that you want to withdraw all money from the account and confirm. Contact us at kundtjanst@advinans.se and announce that your account will be closed and deleted.   When the account is deleted, we will only save the information about you that we are required by law to do.