Still beneficial

Today's transaction history shows that we got the tax refund deposited into our accounts with Nordea yesterday. The same history shows that the tax for our holdings we have in our endowment insurances was collected on the same day. The net surplus was $120.

For each increase that Riksbanken makes of the policy interest rate, the tax on the holdings increases. Despite Riksbanken's recent increases, it is still significantly cheaper for us to have an endowment insurance compared to a brokerage account.

The policy interest rate and the energy price have the same characteristic, they affect pretty much everything.