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EU: European Commission recommendation on increasing availability of tax-advantaged savings and investment accounts (SIAs)

Intended to serve as a blueprint for those member states that wish to develop and implement SIAs

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October 6, 2025

The European Commission (EC) on September 30, 2025, published a “Recommendation on increasing the availability of savings and investment accounts (SIA) with simplified and advantageous tax treatment.”

  • The recommendation encourages all member states to establish SIAs in order to promote greater retail investor participation in capital markets.
  • The EC invites member states to consider and adopt a range of key design features, including user-friendliness (making the accounts easy to access and operate), as well as flexibility in terms of investing and divesting.
  • The EC also recommends a wide range of measures to support the uptake of SIAs, from incentives that encourage retail investors to open and maintain an SIA, to initiatives that simplify tax compliance.

The recommendation is non-binding on member states, but it is intended to serve as a blueprint for those member states that wish to develop and implement SIAs.

Read an October 2025 report prepared by the KPMG’s EU Tax Centre

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