In January 2023 I opened my first TBSZ account , to which I make monthly contributions and invest the money right away. Every year in January I open a new TBSZ account and make regular monthly deposits and investments. I am only thinking long term, so I will not sell, and I want to keep my money in a TBSZ account for a long time.
My question is what happens when the 5 years expire in 2028? If I want to continue to keep opening TBSZ accounts every year from 2029 onwards and also keep my current investments in a TBSZ like now, what should I do? What does it mean to continue without a collective year (gyűjtőév nélküli folytatás) in this case? In this case, would I not be able to make new contributions from 2029? How can I ensure that from 2029 all my existing investments remain in my TBSZ account and that I can make new payments and investments?
It’s great to hear about your consistent long-term investment strategy using TBSZ accounts. Let me clarify what happens when the five-year period of your first TBSZ account expires and how you can maintain your investments while continuing contributions.
When the 5-Year Period Ends in 2028:
After five years, your first TBSZ account will “mature,” meaning the investments within it will be tax-free if you withdraw them.
If you don’t withdraw, the account transitions into a regular securities account. However, you can avoid this by opting for a continuation without a collective year (gyűjtőév nélküli folytatás).
What is “Continuation Without a Collective Year”?
This means you continue to keep your current investments in the TBSZ framework for the long term, but you won’t have a new gyűjtőév (collection year).
You won’t be able to make new deposits into this specific TBSZ account. It essentially becomes a “holding” account for your existing tax-free investments.
Opening New TBSZ Accounts Post-2028:
To keep making regular contributions and investments, you will need to open a new TBSZ account each year (as you’re already doing).
From 2029 onward, your matured TBSZ accounts will remain tax-advantaged for their investments, while your new accounts will begin their own five-year tax-benefit countdown.
Ensuring a Smooth Transition:
Simply continue your current practice of opening a new TBSZ account each year for contributions and new investments.
When a TBSZ matures, elect to continue it without a collective year. This way, your existing investments remain tax-protected, and you avoid unnecessary taxation.
By maintaining this structure, you’ll have a mix of matured TBSZ accounts holding tax-free investments and active TBSZ accounts receiving new contributions—all under the umbrella of TBSZ benefits.
If anything is unclear or you need further guidance, feel free to ask.