Questions and Answers About the Investment Savings Account
The Investment Savings Account (ISK) allows you to invest in funds, stocks, and other securities without having to declare individual capital gains or losses to the tax authority. Here are answers to the most common questions regarding managing your ISK.
How do I change my monthly savings plan?
Online Banking:
- Log in and navigate to Save > Monthly Savings.
- Select your active monthly savings plan and click the pencil icon to edit the amount or fund allocation.
The App:
- Log in, scroll down to the Save section.
- Tap Monthly Savings.
- Select your plan and make your changes.
How do I withdraw money from my ISK?
- Go to the Save tab and click on Account Overview.
- Select the ISK you wish to withdraw from.
- Select the specific fund you want to sell and press Sell.
It normally takes 2 to 3 business days for the funds from the sale to clear into the liquid settlement account linked to your ISK. Once the money is in the settlement account, you can freely transfer it to your standard bank accounts.
Why does my ISK have multiple account numbers?
An ISK is a wrapper that contains multiple accounts. The overarching ISK has one primary account number. Inside the ISK, there is a liquid settlement account (where cash sits before it is invested or after a sale) which has its own account number. Additionally, each specific fund holding within the ISK has its own unique sub-account number.
Can I transfer existing funds into an ISK?
Yes, but with tax implications. If you hold funds in a standard custody account, we can transfer them directly into your ISK without selling them. However, the Swedish Tax Agency treats this transfer as a sale, meaning you will trigger capital gains tax on the accrued profit at the time of the transfer. Contact Customer Service via the app to initiate a transfer.
How do I buy a new fund?
- Log in and navigate to Save > Find fund/security.
- Search for your desired fund and click on it.
- Enter the investment amount, click Buy, and review the order.
Important: For the purchase to execute, you must have the required cash available in your ISK Settlement Account before the fund’s daily cut-off time.
When will I get the money after selling a fund?
Normally, the money is deposited into your settlement account two banking days after the trading day, provided you placed the order before the 15:30 cut-off time.
Exceptions apply to specific international funds due to time zone differences:
- Quartal Asian Fund: Cut-off is 06:00.
- Quartal India and China Funds: Cut-off is 15:00.
- External Third Party Funds: Cut-off is 06:00, and settlement always takes at least 4 banking days.
What is the difference between an ISK and Capital Insurance?
Both are standard-taxed investment wrappers where you avoid manual tax declarations, but they have key legal differences:
- Voting Rights: You hold voting rights for stocks in an ISK. You do not in a Capital Insurance.
- Inheritance: An ISK becomes part of your standard estate upon death. A Capital Insurance allows you to name specific beneficiaries.
- Payouts: Capital Insurance allows for structured, automated monthly payouts over time. ISKs do not.
