Investeringssparkontot - Effekterna av schablonbeskattning

Abstract

In January 2012 the Swedish Government implemented the Investment Savings Account. There are now three different types of accounts, with different taxation rules, in which private investors can buy assets in. One of the reasons behind the legislation was to make it easier for private investors as the Investment Savings Account allows investors to trade with securities without having to declare the specific trades. Due to the difference in taxation between the accounts, this thesis aspires to find if the implementation has made investing easier for investors. Moreover, the thesis examines if the adoption of the Investment Savings Account has been beneficial. This is done through a quantitive method based on historical data between two of the accounts, Investment Savings Account, and conventional brokerage account. The results are later analyzed by a comparison with earlier studies on the subject and by analyzing statistics available on the Swedish securities market. The quantitative example is based on three different investments strategies, one passive and two active, all of them invested in both accounts with different taxation. The results find that, for all investment strategies, the Investment Savings Account outperformed the conventional brokerage account in every aspect investigated. However, it is more ambiguous if the implementation has simplified investing in securities or if it has become more complicated. Moreover, statistics show that the Investment Savings Account is growing more popular as more money is being invested overall in securities and more people are investing in securities.