Investment account

With an investment account, you can trade mutual funds and shares without triggering tax on any profits. Tax liability only arises when withdrawing from the investment account.

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Get a better overview
Trade funds and shares without triggering tax. The tax is not triggered until you withdraw the money from the investment account.

Build your own portfolio

With an investment account, you get access to both securities and mutual funds in the same solution. In this way, you can easily put together a portfolio that suits your wishes and preferences.

You trade with your Investment Account via dnb.no. From here, you can trade funds from many reputable managers, individual shares and other listed products on a range of stock exchanges, including outside the EU/EEA. Tax is not triggered as long as sales, mutual fund exchanges and securities trading take place within the Investment Account.

Get a full overview of your investments with the positions report in the online bank. Once a year, DNB Liv delivers a complete annual statement that you add to your tax return. Easier reporting for you.DNB Liv leverer deg årlig en ferdig utfylt årsoppgave som du kontrollerer mot skattemeldingen.

See the equity trading price list

Ideal for customer who want:

An overall long-term savings and investment solution for shares and mutual funds without being limited to the EU/EEA
To make changes to their portfolio without triggering tax
The ability to adjust the proportion of equities (risk) without triggering tax
To choose who will be the owner, insured, payer or payment recipient
Savings without a lock-in period
The option to have a flexible incoming and outgoing payment plan

Important to know:

Balance in the investment account is included as a taxable asset
When closing an investment account, you must pay tax on the return
When withdrawing from an investment account, you must pay tax on a proportionate share of the return
Returns are taxed according to the average proportion of equities measure on 01/01 every year
The agreement’s proportion of equities and deposited amount forms the basis for the calculation of shielding deduction
You have no voting rights at AGMs for shares owned in an investment account

See our selection of funds

Costs:

Deposit cost: 0 %
Annual administration cost: 0 %
No costs when buying or selling mutual funds in Norwegian currency
Brokerage fees for the online equity trading service 0.05 %, minimum NOK 79*
A risk premium is charged for the sum insured (1 % of the insurance value) which is paid in the event of death.

*Follows DNB Markets' rates at the current time

Risk premium

Examples of risk premium with savings balance of NOK 100 000 (sum insured NOK 1 000):

30 years: NOK 0.57
40 years: NOK 0.97
50 years: NOK 2.22
60 years: NOK 6.07
70 years: NOK 17.98
80 years: NOK 54.78

Investment account

Establishment- and payment costs

0%

Annual platform fee*:
Actively managed equity fund:	0.30 %
Index fund	0.10 %
Balanced fund	0.25%
Fixed-income fund	0.20 %

No costs when buying or selling mutual funds in Norwegian currency

Brokerage fees for the equity trading service online

0.05 % minimum NOK 79

A risk premium is charged for the insurance sum (1 % of the insurance value) which is paid in the event of death

Examples of risk premium with savings balance of NOK 100 000 (sum insured NOK 1 000):

30 years:NOK 0.57

40 years: NOK 0.97

50 years: NOK 2.22

60 years: NOK 6.07

70 years: NOK 17.98

80 years: NOK 54.78

*Platform fees are for access to the trading platform for DNB and administration of the product. The size of the platform fee is determined by whether you save in an actively managed equity fund, index fund, balanced fund or fixed-income fund. Platform fees for pension profiles are calculated according to the same principle. Pension profiles with active management and proportion of equities from 80 to 100 per cent, pay the same platform fee as actively managed equity funds. Pension profiles with active management and from 20 up to 80 per cent of shares, pay the same platform fees as a balanced fund.

**Follows DNB Markets' rates at the current time

Terms and fact sheet:

Terms, Investment account (in Norwegian only)

Fact sheet, Investment account (in Norwegian only)

Fact sheet, tax rules (in Norwegian only)

The Investment account is a savings insurance product and is provided by DNB Livsforsikring AS.

DNB Bank is the distributor of the Investment Account. DNB Livsforsikring covers the actual costs of distribution with an add-on of five per cent.

See our price list for savings products here

Compare our prices with other companies at Finansportalen.no

Frequently asked questions about investment accounts

Which investment opportunities do I have?

You can choose between all types of mutual funds. See the full selection of mutual funds here See the full selection of mutual funds here

You can also invest in securities on the following stock exchanges:

Securities:

Norway: OSEBX – Axess – ETF

Sweden: Stockholm Stock Exchange ▪ ETF

Denmark: Copenhagen Stock Exchange

Finland: Helsinki Stock Exchange

USA: S&P 500 ▪ The Philadelphia Oil Service Sector Index. Selected shares from NYSE/Nasdaq

Ethical investments

What is SOR? Best available price?

Tax

The sale and exchange of mutual funds, shares and securities does not trigger any tax on earned returns until a disbursement from the investment account takes place.

On 1 January every year, the proportion of shares on the agreement is calculated (cash, e.g. the DNB Bankkonto mutual fund is kept out of the calculation).

The calculation of the return is based on the average proportion of equities for every year as of 1 January until withdrawal.

The return on the proportion of equities is taxed as capital gains
The return on the interest portion is taxed as general income
When realising losses, you get a corresponding deduction

On 31 December a shielding deduction is calculated based on the proportion of equities on 1 January.

Assets: The balance on 31 December is divided into capital and share capital respectively. Assets in shares will give a valuation discount in accordance with the applicable rates.

EU classification of mutual funds

The Sustainable Finance Disclosure Regulation (SFDR) came into effect in the EU on 10 March 2021. This has made it easier to compare financial products and services from a sustainability perspective, through uniform information and increased transparency.

The rules and legislation impose requirements on classifying mutual funds and include different categories depending on investment focus and how the fund is managed.

See expectation documents for DNB Liv

See expectation documents DNB Liv

Pension profiles - Sustainability information

Pension profile | 30 (in Norwegian only)Pension profile | 50 (in Norwegian only)

Pension profile | 80 (in Norwegian only)Pension profile | 100 (in Norwegian only)

Investment account

Build your own portfolio

Ideal for customer who want:

Important to know:

Costs:

Risk premium

Terms and fact sheet:

Frequently asked questions about investment accounts

EU classification of mutual funds

Pension profiles - Sustainability information

Our mutual fund products

Mutual fund list

Digital adviser

Equity funds

Index funds

Fixed-income funds

Balanced funds

Share savings account