EU publishes Blueprint for a Savings and Investment Account

The EU aims to make it easier for citizens to access capital market investments to achieve higher returns than with savings deposits. To this end, it is proposing a savings and investment account modelled on existing savings and investment accounts in several countries. On 30 September 2025, the European Commission published recommendations for the design of the savings and investment account, along with a factsheet. A key prerequisite is that Member States introduce tax incentives.

Thomas Richter, BVI’s CEO, comments:
‘The EU's savings and investment account is a nice idea that will quickly be forgotten without tax incentives from member states. Tax incentives are most effective for capital markets in private pension provision. In Germany, the Altersvorsorgedepot is ready and waiting. If the government is serious about reform, it could be implemented as early as this autumn.‘

Further background information on the savings and investment account, as well as a comparison of existing savings and investment accounts in various countries, can be found in the Commission Staff Working Document.