The Portuguese Securities Market Commission (Comissão do Mercado de Valores Mobiliários or CMVM) proposed creating individual savings and investment accounts exempt from capital gains taxes after three years. The initiative aligns with the European Union's Savings and Investment Union framework and aims to redirect household bank deposits, which totaled 204.2 billion euros in August, toward financial markets. CMVM plans to target deposits yielding low average interest rates near 1.6%.
CMVM Proposes Tax-Free Savings Accounts After Three Years
Tuesday, 6 October 2026AI summary
Context & Explainers
The CMVM is Portugal's securities market regulator (Comissão do Mercado de Valores Mobiliários), which supervises stock markets, investment firms and investor protection. The CMVM will shortly present a proposal to the Government for Savings and Investment Accounts (CPI), so investors should follow the proposal for changes to retail investment options.
