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Season 8 · Your own plan · 8.5

The account your country made for you

A tax-friendly accountSame investments, better tax
What it is

Many countries offer a special kind of investing account with better tax treatment than an ordinary one, meant to encourage saving for the long term.

Ordinary accountfull taxTax-friendlyless tax
Why it matters

Using the account your country offers, instead of an ordinary one, can mean keeping meaningfully more of the same gain, for no extra risk.

ORDINARY ACCOUNT€800 keptTAX-FRIENDLY ACCOUNTup to €1,000 kept
The numbers

The same €1,000 gain might keep €800 in an ordinary account and the full €1,000, or close to it, in a tax-friendly one, depending on the country's rules.

The benefitUsually comes with limits
The trap

These accounts often come with limits: how much can go in each year, or rules about when money can come out. Check the conditions, not just the tax benefit.

Your countryHas it got one? Look it up.
Where you see it

Look up your country's name for this kind of account: many have one, built specifically for long-term saving and investing.

Try it
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