What works in Sweden

Tactical asset allocation after tax in Sweden: the rules of the ISK, Ordinary depot, in plain words with sources, and what they cost 107 strategies over 2006 to 2026.

Version: 1.0
Published: 8 October 2026
Rules last checked: 8 October 2026

Investeringssparkonto (ISK)

Switching is free; the levy is the same for a trader and a holder.

Tax cost a year (median): 1.0 pts
Median strategy, before / after tax: 10.4% / 9.4%
S&P 500 held, after tax: 11.4%
60/40 after tax (worst fall): 8.7% (-17%)

15 of 107 strategies beat a 60/40 after tax in this account with a smaller worst fall; 26 beat the S&P 500 held throughout. Returns a year, in SEK.

The rules

No tax on gains or switches.
A yearly tax of 1.065% of the average account value above SEK 300,000 (2026).

Confidence in these rules: high. Checked 8 October 2026. Sources: Skatteverket: Skatt pa investeringssparkonto; Placera: Sa mycket hojs skatten pa ISK nasta ar (27 Nov 2025); Regeringen: En skattefri grundniva for sparande pa ISK och i kapitalforsakring.

Ordinary depot (aktie- och fonddepa)

Gains taxed at 30% while losses only count at 70%.

Tax cost a year (median): 3.2 pts
Median strategy, before / after tax: 10.4% / 7.2%
S&P 500 held, after tax: 10.5%
60/40 after tax (worst fall): 7.8% (-17%)

3 of 107 strategies beat a 60/40 after tax in this account with a smaller worst fall; 6 beat the S&P 500 held throughout. Returns a year, in SEK.

The rules

30% on gains, average-cost method.
A net loss reduces tax at 70% in the same year, with no carry-forward.
0.12% a year on fund holdings (standard income).

Confidence in these rules: medium. Checked 8 October 2026. Sources: Skatteverket: Fonder (capital gains, genomsnittsmetoden, schablonintakt 0.4%); Skatteverket: Kvittning och kvotering; HFD 2016:22 (foreign funds and schablonintakt).

Every strategy, account by account

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How this was computed, the limits, and every other country are in the full study.