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Give a share savings account as a gift

Give away your share savings account as a gift without it having tax consequences.

Man sitting at a table and looking at a computer, woman standing by the side of the table and holding a child while looking at a computer
  • Give away your share savings account as a gift without it having tax consequences

  • Give a gift that can increase in value

How does it work?

  • Share savings accounts that are to be given as gifts must be transferred in full. It is not possible to give away part of the holdings.
  • You can only give the Share savings account as a gift to another DNB customer. The gift recipient can later choose to transfer this to a share savings account with another provider.
  • The recipient must have created a share savings account in DNB in order for us to transfer your share savings account to it.
  • Before you fill out the transfer form, you must have the national identity number and the share savings account number of the gift recipient’s share savings account. The share savings account number can be found in the online bank.

Frequently asked questions about giving share savings account as gifts

Will it cost me anything to give my share savings account as a gift?

There is no cost to give your account as a gift, but please note that underlying prices for transferring shares apply.

See price list in markets for underlying prices

How long will it take before my share savings account is transferred as a gift?

The authorities have decided that moving the Share savings account can take up to ten days. Due to high demand among providers in the market, this may take longer. You can also choose which date you want the Share savings account to be transferred, but no earlier than ten days from the current date.

What happens if I buy and sell equity funds after I’ve ordered a transfer?

We recommend that you do not buy and sell shares or equity funds after you have ordered the transfer of a share savings account as a gift

What happens to savings schemes I have in the share savings account that will be given as a gift?

Savings schemes you have in your Share Savings Account to be given as a gift will be terminated. If the gift recipient wants to continue these after the Share savings account has been transferred to him or her, he or she must create these again. As soon as the Share savings account is transferred, the gift recipient will find it in the Share savings account overview. It will be easy to see which equity funds you have savings schemes for and easily create new or change existing savings schemes.

Are there any tax implications for giving my share savings account as a gift?

A share savings account is transferred with taxable continuity, which means that the tax position in the issuing share savings account is passed over to the receiving share savings account and is continued there. In other words, giving a share savings account as a gift does not trigger tax.

Will I be out of the market during the transfer period?

As the transfer takes place between Share savings accounts in DNB, you will not be out of the market during the moving period. You will be able to see the holdings in your Share savings account until the transfer is made to the recipient’s Share savings account.

What happens to my share savings account after the transfer is complete?

As soon as the balance in the share savings account has been transferred to the gift recipient, the empty share savings account and associated savings scheme will be closed.

What is the transfer process for giving my share savings account as a gift?

The first thing you need to do is fill in a transfer form. We will then transfer the holdings from your Share savings account to the gift recipient’s Share savings account on the selected date. We then close your empty Share Saving Account and any associated savings schemes linked to this.

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