Investeerimiskonto is an account opened with an investment firm, to which you can deposit cash for investing. The investment account allows you to defer your income tax liability for any investments bought and sold with the money deposited in an investment account. This means you can buy and sell investments, receive dividend income, and reinvest the gains tax efficiently.

I already have an investment account in a bank - can I have more than one investment account?

Yes! The number of investment accounts you can have is not limited – you can open one with every bank or investment firm that offers it. If you have an investment account in a bank, you can deposit money from there into your Lightyear investment account without this bringing about tax liability. That’s because transfers between different investment accounts keep the money within the investment account system. Same is true for portfolio transfers.

When will the investment account “take effect”?

The law takes effect retroactively, meaning from 1.01.2024 and hence you can declare all this year’s activities in the investment account system.

Learn how the account works, how to declare your taxes and more:

• How does the investment account work?
• Investeerimiskonto the way it should be (see also FAQs below)