Commission requests information for European savings and investment accounts scheme

The European Commission invites citizens and stakeholders to contribute to the development of a European savings and investment account scheme. This initiative, which is part of the Savings and Investment Union Strategy, aims to make it easier for citizens to participate in capital markets, improving the profitability of their savings while increasing the finance available to EU businesses so they can grow, innovate and create jobs.

The Commission’s call for evidence hopes to gather information on best practices for making savings and investment accounts a convenient entry point to capital markets for retail investors. This includes considering also the tax treatment of such accounts.

Providing EU citizens with easy and cheap access to various investment opportunities is essential to encourage them to invest in capital markets. Savings and investment accounts could offer more and better opportunities to save and build wealth for important moments, such as retirement, buying a home or financing children’s education. These accounts allow individuals to hold – in a user-friendly and accessible way – capital market instruments, such as shares in listed companies or bonds and shares in investment funds, and can benefit from tax incentives or simplified tax processes.

Maria Luís Albuquerque, Commissioner for Financial Services and Savings and Investment Union, said: “We want to create a European savings and investment account scheme designed to benefit our citizens and the wider economy. Experience in some Member States has shown the potential of this approach, by widening investment opportunities and increasing returns on savings for retail investors. This now needs to be replicated at EU level, building on best practices already in place in some countries. This is why we are asking our consumers and stakeholders to send us their feedback, and we look forward to hearing their wisdom and experience.

The Commission invites EU citizens and stakeholders, including civil society, consumer associations, social partners, businesses, financial market participants and Member State authorities to submit their views on the “Tell us what you think” portal. The call for evidence will be open for four weeks. The Commission will take the contributions into account when drafting its Recommendation on the creation of savings and investment accounts, due in the third quarter of 2025.

More information: European Commission