Raising the share savings account limit
Act amending section 5 of the Act on Share Savings Accounts
Deposits of up to 100,000 euros will be permitted in a share savings account instead of the previous 50,000 euros. As a result of the change, investors will be able to invest larger amounts without immediate taxation of returns.
- Status
- Passed with amendments
- Submitted
- 9 Oct 2023
- Latest event
- 13 Dec 2023
- Votes
- 1
- Speeches
- 32
- Confirmed
- 21 Dec 2023
- Statute
- 1181/2023
- Source
- eduskunta.fi ↗
What is proposed
The maximum amount of funds that can be deposited into a share savings account will be raised from 50,000 euros to 100,000 euros as of 1 January 2024.
What it means
The change will directly affect retail investors who have the capacity to invest more than 50,000 euros in shares. The effect is estimated to concern at most approximately 34,500 people in the coming years. State tax revenues are estimated to decrease by about 5 million euros in 2024, with the annual loss in tax revenue estimated to grow by about 5 million euros per year until 2028 because of the deferral of dividend and capital gains taxes.
How Parliament voted
2nd reading · 10 Dec 2023Parliament passed the act by 108–53.
The Centre voted with the government. 38 MPs were absent. Minutes ↗
Filled dot = yes, ring = no, grey = absent. Point at a dot to see the MP. Seats follow the current seating plan (updated 4 Nov 2026). 16 MPs who voted are not in the current seating plan.
A passed act does not enter into force immediately: the President of the Republic confirms it, and it enters into force on the date set in the act. This act was confirmed on 21 Dec 2023.
Debate in the chamber
What was argued and where each group stood, followed by MPs' speeches verbatim from the parliamentary record. Speeches are shown in their original language.
32 speeches · 2 debates
Key points of the debate
Parliament debated raising the maximum deposit limit for share savings accounts from 50,000 euros to 100,000 euros. The government parties and the Centre Party considered that the increase would strengthen domestic ownership, financial literacy and long-term saving. The left-wing opposition opposed the proposal, viewing it as a tax subsidy benefiting only the wealthiest, which narrows the tax base and increases inequality alongside cuts to social security.
- Does raising the deposit limit benefit ordinary small investors or only the wealthiest?
- Does deferring the taxation of investment returns narrow the state tax base and reduce tax revenue?
- Is increasing tax incentives for saving justified at the same time as cuts to social security?
- National Coalition PartyIn favour
According to the National Coalition Party, the reform promotes popular capitalism and channels funds sitting in zero-interest bank accounts productively into domestic capital markets.
”Osakesäästötilin talletuskaton korotus parantaa piensijoittajien asemaa ja luo kannustimia pitkäaikaiseen säästämiseen ja sijoittamiseen.”
— Noora Fagerström - Finns PartyIn favour
The Finns Party considered that raising the deposit limit would improve the position of Finnish small investors and encourage long-term wealth accumulation.
”Ehdotus parantaa piensijoittajien asemaa ja luo kannustimia pitkäaikaiseen säästämiseen ja sijoittamiseen.”
— Sakari Puisto - Social DemocratsAgainst
The Social Democrats opposed the proposal, arguing that it benefits only a small, wealthy fraction of investors and creates unjustified tax advantages while cuts are made to the most vulnerable.
”Osakesäästötilin katto täyttyy nykyisin alle neljällä prosentilla tilin avaajista, ja tämä veroale tulee hyödyntämään hyvin marginaalista joukkoa, alle prosenttia suomalaisista.”
— Helena Marttila - Centre PartyIn favour
The Centre Party supported the proposal as an important measure to promote household wealth building and the accumulation of domestic investment capital.
”Tämä esitys on todella hyvä.”
— Petri Honkonen - Left AllianceAgainst
The Left Alliance opposed raising the deposit limit as a tax cut favouring the wealthy that increases inequality and could allow taxation of returns to be avoided altogether.
”Tämä on jo valmiiksi rikkaimpia suosiva veronkevennys, joka tehdään samalla, kun oikeistohallitus tekee historialliset leikkaukset sosiaaliturvaan, lisää köyhyyttä ja pahentaa tuloeroja.”
— Mai Kivelä
This digest was generated by AI from 32 speeches 13 Sep 2026. Group positions are read from the speeches, not from votes; quotations were checked verbatim against the record.
Yleiskeskustelu päättyi. Eduskunta hyväksyi hallituksen esitykseen HE 44/2023 vp sisältyvän lakiehdotuksen sisällön mietinnön mukaisena. Lakiehdotuksen ensimmäinen käsittely päättyi.
Keskustelu päättyi ja asian käsittely keskeytettiin.
Stages of consideration
The bill's path from the preliminary debate to the decision, as recorded by Parliament.
- 9 Oct 2023Eduskuntakäsittelyn vireilletulo · Valtiovarainministeriö
- 10 Oct 2023Lähetekeskustelu · Täysistunto
- 24 Nov 2023Valiokunnan mietintö tai lausunto · talousvaliokunta
- 30 Nov 2023Ensimmäinen käsittely · Täysistunto
- 11 Dec 2023Toinen käsittely · Täysistunto
- 12 Dec 2023Eduskunnan vastaus ja kirjelmä
Decisions by law proposal1
- 1Laki osakesäästötilistä annetun lain 5 ja 17 §:n muuttamisestaHyväksytty muutettuna · 1181/2023 · 21 Dec 2023
Proposed law text
The law proposals in the bill as the Government presented them. The final act may differ after committee consideration.
The law text is shown in Finnish or Swedish from Parliament's official documents; it is not translated into English.
Laki osakesäästötilistä annetun lain 5 §:n muuttamisesta
Eduskunnan päätöksen mukaisesti muutetaan osakesäästötilistä annetun lain (680/2019) 5 §:n 1 momentti seuraavasti:
5 §Säästösuoritusten tekeminen, säästövarojen tuottojen maksaminen ja säästövarojen nostaminen
Palveluntarjoaja saa osakesäästötilisopimuksen nojalla vastaanottaa osakesäästötilille rahavaroja enintään 100 000 euron määrään asti. Varat on vastaanotettava sopimuksessa yksilöidylle henkilökohtaiselle rahatilille eli osakesäästötilille. Varoja voidaan sijoittaa 6 §:ssä lueteltuihin sijoituskohteisiin. Sijoituskohteet hankitaan säästäjän nimiin.
§
Tämä laki tulee voimaan päivänä kuuta 20 .
Main content of the bill (official)
The summary and title were produced with AI on 2 Sep 2026. They are not official documents – check the details in the original bill. The title and summaries are machine translations of the Finnish AI summaries. Speeches and quotations are always shown in their original language.