On 10 June 2025, the European Commission (Commission) issued a call for evidence for a Recommendation on savings and investment accounts.

The call for evidence is part of the Savings and Investments Union strategy and contributions to it will be taken into account by the Commission when drafting its Recommendation on establishing savings and investment accounts, expected in Q3 2025. The Commission is seeking input on best practices to make savings and investments accounts a convenient entry point to capital markets for retail investors. This includes consideration on the tax treatment of such accounts.

Commissioner for Financial Services and the Savings and Investments Union, Maria Luís Albuquerque, said:

“We want to create a European blueprint for savings and investments accounts, designed to benefit our citizens as well as the wider economy. Experience in some Member States has shown the potential of this approach, by widening investment opportunities and increasing returns on savings for retail investors. Now, this needs to be replicated at EU level, drawing on the best practices already in place in some countries. That is why we are asking our consumers and stakeholders to send us their feedback – and we look forward to benefiting from their wisdom and experience”.