Karri Salmi would like these investment products in a stock savings account

A total of more than 380,000 share savings accounts have been opened, and their average market value was a few thousand euros at the end of September.

CEO of the Stock Exchange Foundation Sari Lounasmeri states that the share savings account has increased the discussion about investing, and in addition, he sees some kind of rejuvenation surgery that has taken place among investors.

“According to research, the average age of investors has decreased. Many more young people have come to the market,” says Lounasmeri in Markkinaaraad and states that the share savings account was successful in that sense and was an easy way to start investing.

Eva’s leading tax expert Emmilina Kujanpää instead, you can see several development targets in the share savings account. First, he should be able to transfer his previous share holdings to a share savings account. Currently, only money can be transferred to a share savings account.

Secondly, according to Kujanpää, the upper limit of deposits should be removed, because there are no similar upper limits in other investment instruments. A maximum of EUR 100,000 can be transferred to the share savings account.

In Kujanpää’s opinion, the third development target is which investment targets can be acquired for the share savings account.

“A Swedish investment savings account can have all products that can be purchased on the stock exchange. For us, it is limited to shares only,” says Kujanpää.

Also Chairman of the Board of the Share Savers Karri Strait would like to add ETFs, i.e. exchange-traded funds, to the investment items to be acquired for the stock savings account. He justifies his view by the fact that the share savings account aims to attract those who are not yet investors to invest.

“I wouldn’t want to throw them in the deep end first to pick stocks from the Helsinki stock exchange, but first we start through funds and ETFs and then little by little, as interest grows, we start thinking about direct stock investments. Yes, it would definitely be part of the identity of this product that it would be possible to do index investing,” says Salmi.

Watch the video to see what Markkinaraad’s panelists say about the taxation of a share savings account.