Belgium plans reforms to mobilize €300 billion of dormant savings

Belgium holds more than €300 billion in low‑interest, inactive savings. Policymakers are debating fiscal reforms aimed at redirecting this capital toward riskier, growth‑oriented investments. Minister Jan Jambon has proposed a simplified investment account modelled on the Swedish system to make market participation easier for households.

The proposals include direct tax relief for equity investors, such as lower dividend taxes, the removal of capital‑gains tax after a holding period, and reduced transaction costs. Earlier initiatives, like the one‑year “Van Peteghem” government bond that attracted over €21 billion in late 2023, show that Belgian savers will consider new options if they feel secure. The overall goal is to convert the large pool of dormant savings into active capital that can support businesses and the broader economy.