It is important to plan ahead for future retirement. The ability to invest your savings into private pension plans has gradually diminished with the introduction of more restrictive rules on tax deduction.
Occupational pensions, which in the past have guaranteed predetermined benefits, have shifted towards defined contribution plans, with the ability of the individual to invest their own capital being crucial to the size of their future pension. Catella offers personalised advice on pension management.
These days, saving for your retirement is demanding for you as a client, as well as for your advisor. New forms of saving and new products, combined with changing tax legislation, offer you more choices as a saver for building up your retirement capital. You can save into a private pension, an endowment and through your employer into an occupational pension.
A new savings platform was introduced on January 1, 2012, the investment savings account(Investeringssparkonto, ISK), which allows you to save into an account on the same flat-rate tax terms that apply to an endowment. Catella offers (depåförsäkring) securities account insurance policies with a number of providers, as well as investment savings accounts.
Securities account insurance (depåförsäkring)
We continuously evaluate the insurers in the market in order to be able to offer our clients the best value options when it comes to securities account insurance (depåförsäkring). This type of policy has liberal investment rules and therefore has access to more or less all listed securities, while unit-link insurance, for example, is only able to offer mutual funds. Securities account insurance (Depåförsäkring) can be arranged with a Swedish insurance company or with a foreign insurer in the EU/ESA.
It is important to consider the tax rules that apply to these alternatives. If you are planning to move abroad in the future, a foreign insurance policy may be beneficial since the tax on returns only applies to persons who are liable to tax in Sweden. It may also be important to consider the tax agreements in the EU/EEA. Withholding tax is payable for investments in foreign shares, which among other things means that a client with a foreign insurance containing Swedish shares is charged a withholding tax of up to 30 % on dividends.