You are always welcome to check SKAT.dk for further information.
Otherwise, you can read our answers below:
1. How much can I deposit? For 2025, the funding limit for the Aktiesparekonto is DKK 166,200.
2. How do I deposit funds into my Aktiesparekonto?
3. How do I withdraw funds from my Aktiesparekonto?
4. Can I transfer positions to/from my Aktiesparekonto? No, unfortunately not.
5. How do I trade on my Aktiesparekonto?
6. How can I see which positions I have on my Aktiesparekonto?
7. When and how do I pay tax on the Aktiesparekonto?
10. How is my tax calculated on the Aktiesparekonto?
11. Timeline for Aktiesparekonto Tax for 2024
12. How do I close my Aktiesparekonto?
1. How much can I deposit?
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Funding limit For 2025, the funding limit for the Aktiesparekonto is DKK 166,200. For 2024, the funding limit for the Aktiesparekonto is DKK 135,900. |
When assessing whether you can deposit more into your Aktiesparekonto in 2025 without exceeding the funding limit, you should base it on the account value as of December 31, 2024:
If the account value on December 31, 2024, was less than DKK 166,200, you can deposit the difference between DKK 166,200 and the account value as of December 31, 2024, in 2025.
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How can I check how much I can deposit into my Aktiesparekonto? You can always see how much more you can deposit into your Aktiesparekonto according to the current funding limit on the Saxo platform:
Here, you should select your Aktiesparekonto as the Saxo account you wish to transfer funds to, and you will then be able to see your:
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If you accidentally deposit too much into your Aktiesparekonto, you must withdraw the excess amount as soon as you discover the error. A fee of 3% will be imposed on the excess amount. Saxo Bank will automatically calculate and deposit the fee via your Aktiesparekonto.
2. How do I deposit funds into my Aktiesparekonto?
You can deposit funds into your Aktiesparekonto by logging into your normal bank account and making a regular bank transfer to your Aktiesparekonto. To find your Aktiesparekonto account details, you need to:
- Log into the Saxo platform and click on the main menu
> Look under Deposits and transfers > Deposit funds > Bank transfer
- Here, you should select DKK as the transfer currency and your Aktiesparekonto as the Saxo account
- You will then be able to see the account details for your Aktiesparekonto.
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Please note that you cannot make a direct transfer with a credit/debit card to your Aktiesparekonto. However, you can deposit funds with your credit/debit card to your regular investment account (INET) and then transfer the funds from your regular investment account to your Aktiesparekonto via Sub-account transfer on the platform. Please note that there is a monthly limit for card deposits. |
You can read more about how to deposit funds into your account here.
3. How do I withdraw funds from my Aktiesparekonto?
If you wish to withdraw funds from your Aktiesparekonto, you can do so in the same way as when you withdraw funds from your regular investment account (INET). You can read how to do it here.
Please note that Saxo Bank calculates and reserves tax on your Aktiesparekonto daily if you have a positive return. The reserved tax amount therefore changes continuously depending on the performance of your investments.
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Please note that you cannot withdraw the reserved tax amount from your Aktiesparekonto, but you can trade with the amount. |
4. Can I transfer positions to/from my Aktiesparekonto?
No, it is not possible to transfer individual positions to/from your Aktiesparekonto.
Furthermore, it is not possible to transfer an Aktiesparekonto to Saxo Bank at the moment.
To transfer your Aktiesparekonto out of Saxo, you need to contact your receiving bank, which will be able to initiate the transfer.
5. How do I trade on my Aktiesparekonto?
When you want to trade through your Aktiesparekonto, you need to select your Aktiesparekonto as the Account in the trading window for the instrument you wish to trade.
Can't select your Aktiesparekonto in the trading window? Read more here.
6. How can I see which positions I have on my Aktiesparekonto?
You can easily check which positions you have on your Aktiesparekonto by:
- Clicking on Portfolio in the top menu > You will then see which accounts are linked to your Saxo account > Select your Aktiesparekonto under Accounts
- If you are using our SaxoTraderGO/Investor app, click on Portfolio in the bottom menu > You will then see which accounts are linked to your Saxo account > Select your Aktiesparekonto under Accounts
And so, you will be able to see which positions you have on your Aktiesparekonto. You will also be able to see your cash balance and account value.
7. When and how do I pay tax on the Aktiesparekonto?
If you need to pay tax on your Aktiesparekonto, the tax will automatically be deducted on February 14, 2025, directly from the Aktiesparekonto.
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How do I check how much I need to pay in Aktiesparekonto tax for the previous year on the platform? From January 1, 2025, you will be able to see your total tax amount for the previous year (2024) by:
Here, you should select your Aktiesparekonto as the Saxo account you wish to transfer funds to, and you will then be able to see your:
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We will deduct any tax, regardless of whether there is coverage on your Aktiesparekonto or not.
If you do not have enough funds on your Aktiesparekonto to pay the tax, we ask you to deposit the missing amount as soon as possible (see under point 1 1. How much can I deposit?), as it is not allowed to have an overdraft on the Aktiesparekonto.
If you have enough funds on your Aktiesparekonto to pay the tax, you still have the option to deposit the amount corresponding to the tax in the same year the tax is due.
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Regardless of the funding limit, you can deposit funds to pay any tax in the same year the tax is due (cf. §9 section 2 of the aktiesparekontolov). This means that it is possible to deposit any tax for 2024 throughout 2025, even if you have utilized the entire funding limit. |
8. Can I have an overdraft on my Aktiesparekonto?
No, it is not allowed to have an overdraft on an Aktiesparekonto according to the aktiesparekontolov. If your Aktiesparekonto is overdrawn, you must cover this amount as soon as possible. You can cover the overdraft either by:
- Selling securities on your Aktiesparekonto, or
- Funding your Aktiesparekonto. Please note that the deposit to your Aktiesparekonto must not exceed the annual funding limit. If the deposit cannot be made without exceeding this limit, the overdraft can only be covered by selling securities.
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If you have to pay Aktiesparekonto tax for 2024, the amount will be deducted on February 14, 2025, directly from the Aktiesparekonto. The amount will be deducted regardless of whether there is coverage on the Aktiesparekonto or not, and an overdraft may occur, which you are asked to cover as soon as possible. Depositing an amount equivalent to the tax is independent of the funding limit (see under point 1 1. How much can I deposit? or point 7 7. When and how do I pay tax on the Aktiesparekonto?). |
9. Do I have to pay interest/do I earn interest on an Aktiesparekonto?
No, an Aktiesparekonto does not accrue interest.
10. How is my tax calculated on the Aktiesparekonto?
You are taxed at 17% on the returns from the Aktiesparekonto. The return is calculated based on the mark-to-market principle at the end of the year. You can read more about how the Aktiesparekonto is taxed here.
Saxo Bank reports all the information to the Danish tax authorities, and the tax is calculated and paid by Saxo Bank via your Aktiesparekonto.
11. Timeline for Aktiesparekonto Tax for 2024
Aktiesparekonto tax for 2024 – paid on February 14, 2025 |
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| December 2024 |
Saxo sends an information email about any tax payment for 2024 and the new funding limit for 2025. |
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January 1, 2025 |
Tax calculation is based on the value of the Aktiesparekonto as of December 31, 2024. Read how to check how much you need to pay in Aktiesparekonto tax under 7. When and how do I pay tax on the Aktiesparekonto? |
| February 14, 2025 |
(Positive) Tax amounts are deducted from the Aktiesparekonto, regardless of whether there are sufficient funds available in the account. |
12. How do I close my Aktiesparekonto?
You can close your Aktiesparekonto by accessing your Portfolio > Select your Aktiesparekonto > Click on the three dots in the top right corner > Close this account