Adding Accounts Information - Info on Account Types
Instructions
TBSZ Account
Hungarian tax-resident clients can add a fixed-duration TBSZ account and take advantage of tax shelter benefits. A long-term investment (TBSZ) account provides preferential tax treatment for profit/gains on investments held three to five years.
TBSZ accounts must always be linked with an Individual account, and you may have one TBSZ account per collection year, up to a maximum of five TBSZ accounts. A collection year is the year in which you open and fund your TBSZ account. To link to an individual account, please take the steps outlined here.
Your TBSZ account can only be funded during the collection year, and the minimum funding amount for a TBSZ account is HUF 25,000. Withdrawals can be made at any time, but the preferential tax treatment is lost if you withdraw before the end of year three and reduced if you withdraw before the end of year five.
To find out additional information on this account type, please click here.
PEA Account
French tax residents can open a PEA to invest in European securities while benefiting from advantageous tax conditions. The account must be held by a natural person, and each person is only allowed one PEA account. The maximum lifetime contribution to a PEA account is €150,000. All contributions to the plan are cash-only and must be denominated in EUR. The PEA is an envelope intended to encourage investment in French and European equities. The account allows to invest in stocks, ETFs and Funds.
To find out additional information on this account type, please click here.
RSP Account
A Retirement Savings Plan (RSP), once registered with the CRA (Canada Revenue Agency), allows the plan holder to invest on a tax deferred basis. Contributions made to the RSP are tax deductible (up to a limit) and any income or capital gain received inside the RSP would not be taxed until the money is withdrawn. An IB customer is limited to opening one regular and one spousal RSP account. Existing eligible IB customers may open the RSP account as a linked account from Account Management. To link an account, please follow the steps outlined here.
To find out additional information on this account type, please click here.
TFSA Account
TFSA (Tax Free Saving Account) is offered by IB Canada for Canadian residents only.
A Tax-Free Savings Account (TFSA) allows customers to set money aside tax-free throughout their lifetime. Each calendar year, customers can contribute up to the TFSA dollar limit for the year, plus any unused TFSA contribution room from the previous year, and the amount withdrawn the year before. Existing eligible IB customers may open the TFSA as a linked account from Account Management. To link an account, please follow the steps outlined here.
To find out additional information on this account type, please click here.
SMSF Account
A self managed superannuation fund or SMSF is a private superannuation fund, regulated by the Australian Taxation Office, that can be owned and managed by up to four members. Accounts are only available to Australian customers whom are carrying out the role of trustee or director of a Self Managed Superannuation Fund (“SMSF”). The client must be 18 years or over to open an account.
Our SMSF account is designed to enable compliance with the applicable regulations governing superannuation funds in Australia. For example, our SMSF account enables the trustee or director of the SMSF to generate customized account statements in order to assist with the record keeping and annual audit requirements applying to SMSF’s under the law.
To find out additional information on this account type, please click here.