#403 Derfor er BSU Norges beste spareordning

[Music] Freeing 19% of your savings is risky and free of charge. You can only get that in the BSU order, but it's not as popular anymore. Why isn't that? And why should it still be popular? [Music] That's the topic in today's special episode of BSU. And we can start to draw a bit over why it's not so popular anymore. Why do you think people, like elderly people in that society, that they get closer to each other, have a bit of extra drops to save in BSU? Yes, because the bank has noticed a certain decrease in BSU savings in the last few years. And I think it's due to two things. One of them is the regular change that came. First, it was very 2021, where it became a regular change that made you not get more savings that day when you buy your own wallet. Or from that year, when you buy your own wallet, you don't get more savings. Before that, you actually got it until you had the full price of 300,000 kronor. You got your own wallet, no matter if you bought your own wallet or not. Then you were under 34 years old. And then just for those who don't know what BSU is, it's a bondship for young people. You have to be younger than 34 years old to get your own wallet. That's at least 20%, at least 10%. And giving you both a good amount of money to save for the day so you don't have your own wallet. It's also one of the regular changes that made that right and wrong. From that year, when you bought your own wallet, you didn't see it as so attractive with BSU savings, because you didn't get a lot of money for the day, but a good amount of money. And then there's someone who still saves for the day, because that's possible. It's possible to get money from BSU savings, so you don't get this amount of money for the day. But others chose to save for the day. So one of the other things was that when you bought your own wallet, the amount of money went down from 20% to 10%. And those two changes made of course the BSU order less attractive. So that's in a way, what would you call it? Pull here, or is it a push on pull effect, maybe? I'm a little sure of what is push and what is pull, but the only thing that does in any case the regular changes make the order less attractive. But there is something else that has happened that has made an alternative more attractive. Namely, what many people do now, they save their money in the action fund instead of the BSU order. Also those who could actually get a tax for the day. And the reason for that is that the action fund has gone so phenomenally well in the last five years. In any case, the global action funds, which have both been used as a way to advance especially some for the American action, Apple, Microsoft and Vidya, which is one of the global funds. And that the corona crisis, the corona has weakened itself, which makes it, you know, a double-dop here. You get a good release, a normal release, five years over 100% on the fund money. And then you think that yesterday the world will repeat itself in the morning and one will still get a good release there. So then there will be a lock of that instead of putting pressure on the BSU, which gives 60%. It will almost get forced when you can get, at least now in 2024, a 20% increase in a global fund. Then it will only get 6-7% on saving the money. Yes, and if you just look at the global index in the year, it is almost 33%. And then you feel that 6.5% to 7%, it can seem a bit confused, at least when you don't get a tax for the day. That's true. And even with a tax for the day, it doesn't matter what it looks like. But of course we have done that. And as you were saying, if you pay a tax on the BSU, because you can put it into 27-1,500 kroner per month on the BSU. In the year, of course. In the year, of course, and save a total of 33,000 kroner in that order. And if you do that, if you put in 27-1,500 kroner per month, then you want to put it into that order. You get a tax that you can collect with other taxes on 19%. And you have to have almost up to 30% in the tax fund to actually compete with that type of tax. And also because remember, the tax on the tax fund is 37,8%. Effective tax, a little less on the basis of income tax, but in a way. It means higher than 22% that you have on your BSU-checks. So 19% will actually be an effective income tax for your BSU income tax, if that's the case. Because you get both taxes for the day. You get back 2750 kroner from the start of your income tax. That's why you get back, you can put it on savings account or whatever you want. And in addition, a very good bank income tax of 6-7%. So that gives you the amount you have to collect with the tax fund in your tax fund. So it gives you an effective income tax of 19%. And this must underline, this is a risk-free income tax. If you are not sure if the bank is going to compete, you will get your money back. But it is definitely not sure that you will put it in an tax fund. So that's why I mean that for bank savings, at least when you have received a high tax income tax, you should actually prioritize your BSU, especially the tax fund. But prioritize your second tax income tax in your BSU account when you get this tax fund. So if parents and best friends save for their children, or if the children themselves save for their child's savings, because they are young and don't have a tax income tax, then Axiophon can be a good alternative. You have called this Norway's best savings order, and you still mean that, but also your children's savings. Yes, that's right. The first thing we have known, what do you mean by a child's savings, I have an idea. There are three things, one time. That's what I was thinking. And you get this tax for the day, which we are dealing with. When you put in, for example, 20,000-20,000, then you don't need to put in 20,000-20,000 crowns. It's just that you have tax taxes per year, you can put in 10,000 or 10,000. Then you get back 10%, so if you put in 10,000 crowns, then you get back 1,000 crowns. You put in 20,000-20,000, then you get back 2,750 from the start. So what you have to be careful about is the remaining amount, 24,750. So back, it is a little more subtle than just that the victim will bank on the door and learn to make some money. He or the state then gives it back in the way that it is taxed for the tax that you pay for, then, for example, 20,000-20,000 crowns. Which you get, then, 90% of the tax you pay for 20,000-20,000 crowns, possibly then tax-taught time will be a little over in the course of the year. That's one thing, and the other thing is that it has some of the highest bank rates. The bank is still willing, after the young customers, who have a long, long time plan with them, they will have a lot of good permission to be a customer until they are 70 years old and a loyal, good customer who we don't lower the rates for when other customers get tax-taught and so on. That's what the dream customer is for the banks. And before they build the reality, they put up the high rate for the day again. But you can decide for yourself how you want to have the BSU account. You can move it when your bank is not so good at BSU rates for a long time. But the point is that this bank rate is almost, I would say, high in terms of the other savings for the banks. They are at 6-7%. The difference is relatively, in a way, was a little higher from some years ago. But despite that, it is still willing, yes, 2-3% over where you get a good savings, at least in the largest banks. So this has been to be said, it is not a top project for the banks in an insulated way and give customers 6-7%. It may not defend such an unknown amount, in any case, insulated, if you look at the BSU account as a way to get a funding or get a means that they can lend again. But they realize that you may become a long total customer for the bank. So that's because it gives a high rate. If you don't mind, you save money for your own capital. That's a lot more important. You got a loan from the company, which says that you need 15% of your own capital, and you're going to buy BSU in Norway. And you get a kind of, I call it, the best diploma from the banks. They love a young savings. One that can put from 100 to 1,000 or 10,000 per year to a savings goal. And also because there is good reason for them to like people who see this. Not just because I build up a single capital, because strictly speaking, that single capital and get into the stock market can also help us with our mother and father's help. But when looking for a way, among other things, from the BN Bank, just in the middle of Norway, there are more poor people, among young loanmakers, who have been given help from their parents for savings, including those who have done the most part of the job themselves, that is, saved up a single capital. So it gives a lower risk for the bank to save money for those who actually have saved up money through, for example, the BSU order. So, the tax tax, the high bank rent and the best diploma that the children do. We have never been to this rule in 2021, where you don't get any benefit from saving money, or you don't get tax benefits, but you get a good income. There are also quite a lot of other losses and a lot of other opportunities for this order. And now we're going to go through perhaps the most common, and we were so far aware of this, that you're not going to save money in a year, where you have tax benefits. Why don't you do that? It's a rule with certain motivations, I would say. Before, it was like you should not save money in those years, you had tax benefits, for example, when you get a fee of 70,000 kronor a year, 100,000 next year, then you don't want to have any tax benefits. So the tax benefits that you possibly get from the BSU order, it just disappears. And you may not lead it over to next year, as you can do with a number of other benefits. For example, rent benefits, if you have low income, but you have a loan, that you haven't used because of your income, that you may not have any tax benefits, then you may lead it over to your own debt, or in practice, in many ways, rent benefits to next year, that may not be the case with the BSU, so it disappears. Now it's like that, that point is not as important for a long time, because we have got a rule that when you buy a loan, you may not get any tax benefits. It means that almost no one will be able to save up the total amount of 300,000 kronor before they buy their first loan. For example, if you are able to save up to 200,000 kronor before you buy a first loan, and then you have a year in the middle of that, where you have low income, and you may not get any tax benefits, then you may not play any role, and you don't use that from day one, regardless, because you don't want to be able to save up to the full amount. You use the total amount of money you have, that's easy. If it's like that, that you start saving up so early, because your parents started saving up so early for you, that you actually want to open up the total amount of 300,000 kronor before you buy your first loan, then it's a point that you don't save up to the full amount. But for all of you, you can only give money in the old rule that you don't have to save up to the full amount in the year. I can give you a little dilemma here. You are the best parent with some money that you want to give to your children. You can open up a visit account from your 13 year old. If you are the best parent with 27,500 kronor, would you rather place it in a global index fund or a visit account? No, I would rather place it in a global index fund. Because they don't get a new loan from this tax fund, as I said. There is nothing, there is nothing. But in addition, you have to save as much as possible. It might take 10 years, 10-15 years before you take the money to buy your own loan. And then I think, in fact, I can spend a lot of money on an axiom from a foreign BSU loan. But there is something more that many best parents and parents want to, maybe, to save up the money, so that when you put them in an axiom, and you know that maybe you are 18, if you put it in a legal name, then you are afraid that they will use the money to everything else, that was the formula, while in a BSU account. They don't spare that kind of money, but you have to pay for it back in the tax account, if you use the money in a different way than the legal formula. So it is a much higher burden to use on a full fund. So if you are curious more about how to transfer the axiom to children or children, then you can scroll back a bit to our Recaldy archive. There we have talked about several reasons. You have written down that an unused BSU loan can be transferred to the real estate. Yes. It must be a gift. Yes. If you can't use this loan, then it can be that because you have a very low income, then it can be that you can transfer it to your real estate, if he or she has high income. It is a little bit high that not everyone is able to transfer. But if you use the loan together, then it is not possible, because then, yes, again, then you will not get any tax return. There are so many cases where you are married and do not use the loan. No. But it can be an alternative. It can be that if someone has moved together with his real estate, and knows if they can use the loan, and you have thought to transfer the BSU loan to the real estate, then you will not be able to use this loan, because you know that the income is there as a home server. It is also true that you do not get tax return if you use the loan. But is this only a primary loan? Or is it all kinds of loans that you use as a loan? Yes, all kinds of loans, unfortunately. So if you are just a small part of, for example, a child's home to your parents or something like that, or your best parents, it can be that you are not just a hundredth part, or unless you have a big debt, then you are actually enough to block your BSU loan. So in the future, you are in the tax report with a loan in them, then you will not automatically get tax return. Isn't that a bit strange? Yes, it is a bit strange, but... You do not have to argue that you live in a primary borough against a shipyard in Västerål? Yes, someone could also say that it is OK. If it is a small part or a smaller part, then it will get a loan in the future. But I think it is a kind of contradiction that I have made in this system, which I thought I would save money on. But you get a BSU loan, but you do not get a tax return. Yes, so the money, they are good enough to get a loan, but you do not get a tax return. How long do you use? It is more than a year, so you need an 11-year-old to save a full BSU account. So what we are talking about is not saving a year with tax return. If you are 22, 23 and 20 years old, then it does not mean that any longer. No, it is not true. If you are 22 and 20 years old, and do not save an ear in a BSU, then you will be able to fill up the account if you save every single year. And stop when you are already 33 years old with the last chance. If you have a year or two without tax return, then there is nothing to say. Because you do not go to jail. You have not received a tax return yet, because you have already started saving a year. So 22 years is the limit for this law of the index point, I can say. So the second year starts very early, just to say it again. It starts very early with BSU saving. So it can be that it is too late to save a year with tax return. Because the super-spares that fill up their account every year, and are so super happy in the BSU order, that they have perhaps let themselves free a little of these extra BSU orders, 2-0 extra. So what is the name of the BSU? Do you think this is a good alternative? Yes, I absolutely think so. If you take out a risk-free savings, and I especially think that if it is only 3-5 years that you are going out on the market, then you should not only save in the form of high risk, such as pure tax. So you actually use the options that are equal to risk-free high risk savings, as much as possible. And then when it is filled up, BSU takes BSU 2-0. It is quite the bank's own version of BSU 1-0. You will not get any tax return today. And it is actually the bank's rules that control the account type, there are no authorities here. So you will see that different banks actually have different rules also on how the savings account is. For example, it is like a normal BSU, then you can just fill up with the interest rate of 20-30,000 a year. If you have a large interest rate, and save in BSU 2-0, then you can actually go to the bank. I know that the O-Boss bank, and when that has had, then you can fill up the amount on the interest rate of 300,000 a year. So it is at least 1 interest rate of 300,000, you can go straight into the O-Boss or the interest rate. They do not have as high interest rates as all the best BSU banks that you have to take into account. But are you going to place a large amount and know that you are going to do it on the interest rate, then it can be worth checking those two. You should also know that some banks say that they do not have more than one BSU-2-0 account, while others do not have that type of restriction. So it means that you can actually have more BSU-2-0 accounts in different banks. Not two BSU-2-0 accounts in the same bank, but you can have it in three banks and save as much as possible on the risk-free way there. But many banks require that you have a BSU-O-G account number one to get number two. Most of them, yes, but some may not have it. Some may not have it at all. But most of them have it, meaning that you have to have the BSU-1-0 version of it. What can you use these BSU-1-0 accounts for? Is it possible in that second that you are going to buy a bank and have a transaction yourself, or do you have a little more to use the money on? Yes, I have quite a lot of options, but it needs to be bodily related. You can push up with the BSU-1-0 accounts, for example, if you have already bought a bank. This change has come from a couple of years ago, I don't think this is what you can use the BSU-1-0 accounts directly on the BSU-1-0 account. But it is also so that there is a completely friction-free way to solve the problem with the BSU-1-0 account. That means that you can use the BSU-1-0 accounts to pay down on the bank account. And if you have a well-paid bank account, or you are going to push up, instead of using the BSU-1-0 accounts on each bank account, you can make it easier to pay it down on the bank account. It is quickly done. You just log in to the bank and maybe do it yourself, if you have a similar account. Or you pay the bank account up and push up. And then you can use the BSU-1-0 accounts to pay down on your account, if in that way you, for example, finance an account. So you always want, if you have bought a bank account, buy a bank account after you have installed the BSU-1-0 account, because this is a little bit important. You have to first install the BSU-1-0 account. You don't have to have any money in there, but you have to install it first. And then buy a bank account. Then you can use the BSU-1-0 accounts on the bank account you bought. If you start a bank account, if you buy a bank account first, and then a BSU savings can start, then you can't use the BSU-1-0 account on the bank account you bought. But you can use them on bank account number two, for example. But do you have to spread the BSU-1-0 account if you are going to use it as a capital, which is what most people do, or can it become a bank account? No, it can become a bank account. There will also be a change, I think five or six years ago, that you can use the BSU-1-0 account as your own capital without having to transfer money, as you say, on the bank account. You can still save on the BSU, but the money you have saved not yet, can be used for the bank as security, as a one-capital for the bank. That's the only difference. If you were to buy a bank account worth 1 million and had 150,000 on the BSU, and that's 15%, not true, of the BSU-1-0 account, then you don't need to transfer the money to the bank. You don't have to limit yourself to spending only 850,000, and then save the 150,000 on your own. You can spend 1 million on the bank, against those who have the BSU-1-0 account as security. But that's what happens now. I remember it very well, as a dark time in my life, that I got business from my bank, because the bank thinks I'm old, and I can't afford to have the BSU-1-0 account for a long time. I was 34 years old. That's many years ago. It's not so many years ago. And then, at the same time, the good, good interest, not just because I got a real-time check that now it's starting to grow good, but the interest was also much worse. This applies to all banks. The interest in the bank is violent, just in that moment. April 18th. I don't remember that. April 18th is my birthday. It's a bit of a birthday gift. It's a bit of a birthday gift. You're only going to get 1% of the interest, when it's 6,5% as before. Yes, that applies to all banks, but some get a very small amount, which allows you to keep the good interest until it's usually 36 years old. So it gives you a two-year interest here, with a good interest. Banks like Sparbank 1 Sørnorge, the old SA bank, and Sparbank 1 Sør, the new bank called Sparbank 1 Sørnorge. They have that in the two-year clause. I think the middle of Norway has that too. But the SA bank had that, but I think they changed it. So the interest goes down when it's about 34 years old. Sparbank 1 Sørnorge, Sparbank 1 Sørnorge, and Sparbank 1 Sørnorge, are the two-year clause. So you still get a good interest there. While the other banks go down, it's true that here, we have the right view of our north. We have to find the worst banks in the class. One thing is that you've seen it from the B, from 6.62.75, or Sparbank 1 Sørnorge down to 3.5, or, let's take another example, Hansbanken, 6.62.95, but the bank up in the north, that was on the loan to Bodegrym, I think, for this last week, they, what do you give them, Hager? They lower interest rates from, not completely, it's not such a top interest rate, 6.25, most banks are above that, for customers with an interest rate of 134. But the idea is, you have a private loan, and, what is it, 18 April? Yes. So it will be 19 April. The same as Hassan El Fakiri, just wondering about it. I have a friend who has a meeting with me, Trinly Satzda. Nile? Who did you say? Trinly Satzda, Spytkaster. Yes, exactly, yes, the old Trinly, Trinly Visse and Andreas. So that's good, but no, then they lower interest rates to 0.15%. So, the exchange rate. The exchange rate. Fy, Sparbank 1 Sørnorge. This is too bad. Norlis had a question about this. It was very early in the month. After all, it was also reasonable to investigate the practice. And yes, quite right. 0.15%, the interest rate down to that year, you built 34 years. The exchange rate is not so very good, from 6% to 0.20%. But they are, at least in the exchange rate that Visse has just done, decidered. Jumbo is the two. The exchange rate, not completely top there at all, when you write with the exchange rate that the bank could have a large interest rate, but fit when you built 34, because then the interest rate down to 1.50%. So this must at least Sparbank 1 Sørnorge and the exchange rate do something about it. It's not possible. I mean, this limits almost to, I'm not going to make a mistake in my words, even if it was a little bit, but it is, I would say, almost unethical, because you go from at least to keep a kind, a kind of savings rate, like all those savings rates, and the rest of the banks have done, have given at least a little bit, but yes, the usual savings rate, if it is 2-3%, then at least not 0.15%. So here they have to buy, and change the practice. But we can now move forward to another bank, the other part of Skala, the Sparbanken Öst. The interest rate of the bank, on the other hand, was a bit low, and the interest rate was good. Yes, and that was my city in the development. That was the drama. That was what you thought? Yes, we were going to the drama. It was Hürüm. Me and Röiken. From Röiken, yes, by himself. So now I have to shift into Asker, and a part of Akersjus, so there is not a part of Buskrullenge, but that is completely the case, when the Sparbanken Öst, they give an interest rate of 6.25%, which is probably not good, at least in the collection with the others, down half, a bit as good as that. But do you keep the interest rate, even after 36 years? A big shout out, as they say, to the Sparbanken Öst here, to save as little as possible, not just, not really, we have been doing this for two years, but to continue with the interest rate, until you are 36, 37, 38, maybe until you are 54, who knows, maybe I should have spread the BSU account, but I led it to our friends in the drama, in their time. But at least, this is formidable, this is the story now. So you have to take care, check your bank, what's going on there, you are not 34, if you do not have, use your BSU funds, because there is once again, that this is interest rate, I have to talk about 6.25%, which still lies a little bit, a little bit over, where the best interest rates are. So there is no point in saying, to pay down your interest rate, with your BSU account, before the interest rate is below the interest rate. And of course, if you are in the Sparbanken Öst, or if you have a interest rate of 5.5%, and have a account in the Sparbanken Öst, as 44 years old, and get 6.25%. How do you manage that? The choice is there. You save 0.75% on that, and if you have 300,000, then there are a few thousand left. It will be more money. Since we have been in a little football country, then we can raise a few interest rates. Both a interest rate and a funds rate. Have you considered which interest rates do you like best? I like maybe the best interest rate, because we have seen it like that. You have to remember that. It is true that if you have a low interest rate, but similarly, such that you have some... you do not pay any tax for the money, then you will also get a tax-free BSU interest rate. It is not like you... You do not notice that. It is not like you have to jump off, in the tax report, to get a tax-free interest rate. It happens automatically. It is not clear if it is nice or not. If you have low interest rate this year, or if you are a student, then you will actually get a tax-free BSU interest rate. Similarly, as has been in the previous report, other capital interest rates, for example, if you sell stocks, you will be able to get a tax-free profit in the years when you have low interest rate. What about the interest rate you have on the second place? The tax-free interest rate? Is it a good tax-free interest rate? Yes, it is not... I know that many people do this, and I think that it is in a practical and motivating way. That is what they do after all. After all, they lower the BSU interest rate, cover the tax-free interest rate, instead of taking out the entire interest rate and paying down on their loan, they cover the tax-free interest rate to the bank in a few years. If you think that you pay 10,000 or 15,000 each month on your loan, then you track your BSU account per month. You can get this from the bank to help you with it. If you don't do it yourself in the bank. Then you take a normal tax-free interest rate, the 10-15,000 that you pay on your loan. If you pay on an index fund, or a global index fund, then it happens automatically. Many think that it works very well. I don't think so, but you could do it in a different way. But it works, it works, Andreas, and many are very happy in that way. That's why it's nice to make it known to others. We got a question here. In our question and answer episodes, which you can listen to on the podcast. There was one who also had a kind of fraud, or maybe we managed to create a fraud. It was because he put in 27,500 SEK in January, on a global index fund, in a tax-free account. And when it was lack of lead towards the end of December, he could take out the fraud, while the fraud is still in the tax-free account. Do you think it's a good fraud? Yes, it's exciting. It's a pretty high risk. Yes, it is. You could have, alternatively, put it in a tax-free account in the beginning of the year, and then get 6-7% for sure. But at the same time, you want to let the fraud go. And that's the point. Of course, in the future, you actually have one. It doesn't work anymore. If it goes in, it takes out... If you want to get out of the tax-free account, you have to take the previous year's tax-free account. It's a bit more complicated. What you want to do is... It's a matter of taste. The tax-free account just goes in. But most of all, it has something to do with the tax-free account. Is it like when you put in the money on the tax-free account, during the year, are they allowed to buy the account? Or is it a deadline that makes the money still available? The deadline is 31st to 12th, because it's a tax-free account you've done in, for example, the year. So if you put in the money in January, February, or March, and see that you actually need the money, or at least some of the tax-free account, you can take it out again. If you want to get out of the tax-free account, well, if you want to get out of the tax-free account, you can still take it out, but you have to pay it back for the tax-free account. So you can make a free statement within the tax-free account that you should put in at the start of the year, or in the first month of the year. You mentioned this before, that you have to make sure that the tax-free account is closed. And so you put it in a tax-free account. But say that you drop this with the tax-free account, that you just let the tax-free account pay off the loan. Is that sensible? Yes, again, if the rent on the tax-free account is higher than the rent, you can just let the money stay there. But as we understand, most banks send the rents down to 2-3% when you have built it for 34 years. And then the tax-free account is much lower than you want it to pay down to your loan. So then you should have all the money going to the bank or the bank. Good. Shall we send the money to the bank? Send the money to the bank. That's a nice way to end it. Remember to visit Snapis Kebab, a new little kebab with the old bank account. Not the new bank account, but the good old one, with the old tax-free account there. We'll be back on Tuesday with questions and answers. You can get that on Pottby. And we'll be back on all possible platforms with a new episode of Money Rode next Thursday. Thank you for watching. You have heard a podcast from VEG, responsible editor, Garud Steiro.