Definition
Share savings account — abbreviated ASK — is a tax-favored account for investing in stocks and equity funds. You can buy and sell freely within the account without paying tax on gains or dividends along the way. The tax is deferred until you withdraw money privately.
Major advantage: Money grows tax-deferred inside the account. Over 20-30 years this can make a difference of hundreds of thousands of NOK compared to a regular account.
What can you hold in ASK?
Stocks listed on exchanges in the EEA · Equity funds with over 80% stock content · ETFs · Not bonds or interest funds
"The system rewards those who use it wisely. The share savings account is the government gift to the patient investor."— Florence Scovel Shinn