M wants to raise the
Photo: Jessica Gow/TT

M wants to raise the ceiling on tax-free ISK savings to 500,000 kronor

The Moderates (M) want to raise the ceiling on how much you can hold in an ISK account without paying tax to 500,000 kronor, up from the current 300,000 kronor, the party writes in a press release.

According to M, the proposal would cost SEK 3.5 billion per year. The financing is expected to come from reduced tax losses on endowment insurance as well as efficiency improvements and savings.

"Those who do the right thing, work hard and put aside a little each month should be able to keep more of their savings. It's fair," says party leader and Prime Minister Ulf Kristersson in a press release.

The Liberals proposed the same level increase in May.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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