Tax best enemy — legally!
Tax is unavoidable — but when you pay tax you can actually influence. A share savings account defers the tax until you actually withdraw money from the account.
In short: ASK = an account where money grows tax-free inside — you only pay tax when you withdraw money OUT of the account.
With ASK
After 10 years: ~215,000 NOK · After 20 years: ~466,000 NOK · After 30 years: ~1,006,000 NOK
Pay tax only on withdrawal
Without ASK
After 10 years: ~185,000 NOK · After 20 years: ~342,000 NOK · After 30 years: ~633,000 NOK
Pay tax every year
The difference after 30 years is almost 400,000 NOK — just because you used ASK!
"The wise do not just work hard — they work smart. Knowledge of the system is just as valuable as the money itself."— Florence Scovel Shinn