Understanding Minimum Income Tax Implications for 2025

Introduction to Minimum Income Tax for Investors

Privately taxed investors in funds managed by Storebrand Asset Management AS need to be aware of the minimum income tax, or minimumsudlodning, that will be in effect for 2025. This important financial consideration will impact those who invested in certain equity funds by the end of April 2025, as they will be subjected to specific tax regulations associated with their holdings.

Subject Funds for Minimum Income Tax

Understanding which funds are affected by minimum income tax is crucial for investors. Below is a comprehensive list of equity funds managed by Storebrand that will be impacted:

Fund Details and Technical Distributions

Here are the specific funds along with their symbols and technical distributions:

• SKAGEN Focus A: DKK 26,69
• SKAGEN Global A: DKK 0
• SKAGEN Kon-Tiki A: DKK 128,12
• SKAGEN Vekst A: DKK 240,19
• Storebrand Global Multifactor A5: DKK 185,32
• Storebrand Global Plus A5: DKK 0
• Storebrand Global Plus B5: DKK 6,18
• Storebrand Global Plus C5: DKK 0
• Storebrand Global Solutions A5: DKK 98,89
• Storebrand Indeks - Alle Markeder A5: DKK 38,77
• Storebrand Indeks - Alle Markeder B5: DKK 21,48
• Storebrand Indeks - Alle Markeder C5: DKK 21,37
• Storebrand Indeks - Nye Markeder A5: DKK 48,36

Impact of Technical Distribution

It's essential to highlight that the technical distribution indicates a non-effective payment. Essentially, these values should be added to the purchase price of the original units for tax reporting. This method allows the investor to consider the amount as if it was obtained alongside the original units, which is advantageous for long-term financial strategy.

Next Steps for Investors

For those holding investments in the relevant funds, it’s advisable to prepare for the impact of the minimum income tax. Investors should consult with their financial advisors to strategize on optimizing tax efficiency, ensuring that they align their portfolios accordingly before the end of the financial cycle.

Storebrand Asset Management Overview

Storebrand Asset Management AS stands out as Norway's leading private asset manager, boasting around DKK 900 billion in assets under management. This organization is not only a key player in the Nordic market but has also taken significant steps in promoting sustainable investments for over three decades.

With a diverse range of solutions tailored for both institutional and private investors, Storebrand has established a strong presence in Denmark. It operates through a multi-boutique platform comprising various brands such as Storebrand Funds, SKAGEN Funds, and Cubera Private Equity.

Contact Information

If you have any queries related to the minimum income tax or your investments, you can reach out to:

Henrik Budde Gantzel, Director, henrik.budde.gantzel@storebrand.no

Frode Aasen, Product Manager, fdc@storebrand.com

Frequently Asked Questions

What is minimum income tax for 2025?

Minimum income tax is a tax applied to privately taxed investors in funds managed by Storebrand Asset Management AS, for funds held up to a certain date in 2025.

Which funds are impacted by this tax?

The tax applies to various funds managed by Storebrand, including SKAGEN Focus A, SKAGEN Global A, and several others as detailed in the fund list.

Why is technical distribution important?

Technical distribution is significant because it impacts taxation and how investors report the acquisition amount of their fund units, ultimately affecting their tax liabilities.

How can I prepare for the minimum income tax?

Investors should review their holdings and consult with financial advisors to optimize their tax strategies before the implementation date.

Who can I contact for more information?

You can reach out to Henrik Budde Gantzel or Frode Aasen at Storebrand Asset Management for queries or advice regarding investments and taxes.

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