The Finance Ministry intends to kickstart investment for Slovaks on the stock market. It will launch a new type of 15-year investing, a long-term investment saving for employees from January 2016. If savers maintain their investment for the entire period, their yields will be exempt from taxes. The tax exemption will only be preserved under this condition, reads an article in the Hospodárske noviny daily. A maximum of 3,000 EUR per year can be put into the new individual account. Since nothing prevents companies from contributing to the employee's saving account, the new investment can be used as an alternative pension saving. However employers are unlikely to contribute, concludes the HN daily.
Katarína Richterová, Photo: SITA
