€20,000 first year
Up to €20,000 in the first year, then up to €5,000 per year thereafter.
Individual Investment Account · INR
Invest tax-smart.
We do the work.
The Individual Investment Account (Individualni naložbeni račun, INR) is Slovenia's new tax-advantaged way to invest for the long term. Most providers leave you to pick and manage the investments yourself. At JonatanMars Invest, we manage your INR for you, and when you withdraw, we calculate and pay the tax on your behalf.
Capital at risk. Investing involves risk: the value of investments can go down as well as up, and you may get back less than you invested. Past performance and any simulated/back-tested performance are not reliable indicators of future results. Tax treatment depends on individual circumstances and current law, both of which can change.
What is the INR?
Slovenia's account for the long term, with a tax advantage.
The INR is a long-term investment account created by Slovenia's Individual Investment Accounts Act (Zakon o individualnih naložbenih računih, ZINR), which applies from 5 March 2026. Similar accounts exist in other European countries, including Italy, France, Sweden and Hungary. The INR comes from the government's strategy for developing Slovenia's capital market to 2030, adopted in March 2023.
It is available only to individuals who are Slovenian tax residents, and each person may hold one INR.
The tax advantages
Keep more, over time.
| Advantage | What it means |
|---|---|
| Tax shield while invested | Dividends, interest, and capital gains inside the INR are not taxed as they accrue, tax applies only on withdrawal. |
| 0% tax after 15 years | A full tax exemption on your first withdrawal after 15 years with no interim withdrawals. |
| 15% flat tax | If you withdraw before 15 years, under ZINR you pay 15% income tax on the gain in the amount you withdraw. A withdrawal counts as gain first and only then as a return of your contributions. If a withdrawal contains €1,000 of gain, for example, the tax is €150. |
| No tax return for you | Your INR provider calculates and settles the tax, no separate tax filing on your part. |
| Inheritance | On the holder's death after 15 years without withdrawals, payment to heirs can be tax-free. |
The tax advantage does not reduce investment risk. If your investments fall in value, that loss stays inside the INR too. Tax treatment depends on your individual circumstances and on legislation, both of which can change over time. This is general information, not personal tax advice. We'll walk through your situation in a consultation.
Contributions
How much you can pay in.
€5,000 / year
For Slovenian financial instruments: up to €5,000 per year from the second year.
€150,000 paid in
Up to €150,000 paid in over the life of the account. Only payments count towards the cap.
You can start with as little as €500. The €20,000 minimum that applies to portfolio management does not apply to the INR. Capital at risk.
The difference
A managed INR.
Most INR providers offer an "execution-only" account: the tax wrapper is there, but you choose every investment, monitor the rules, rebalance, and handle the pitfalls. With JonatanMars Invest, your INR is professionally managed, using the same disciplined Smart Beta strategy we run across our portfolios. Luka Gubo, our director, is responsible for the investment process. The management board approves the investment policy and every change to the rules.
- A diversified portfolio from day oneA portfolio of several ETFs, matched to your risk profile (1 to 7).
- Discipline instead of emotionWe run the portfolio by written rules. We don't sell in a fall out of fear, and we don't buy in a rally out of excitement.
- Built-in tax efficiencyWe use accumulating ETFs and manage the account with tax in mind, which reduces the foreign taxes on dividends that an unsuitable fund choice can trigger.
- Tax settled at withdrawalWhen you withdraw, we calculate the tax, withhold it and pay it to FURS, so you don't file a tax return. We check the contribution limits on every payment in.
- Your time backYou don't need to watch markets, rebalance, or work out tax. You get a report every month, and your advisor is there when you need them.
Fees
Costs, line by line.
| Item | Amount |
|---|---|
| Management fee | 0.7% + VAT a year |
| Custody fee | 0.2% a year |
| Performance fee | 10% + VAT of profit above the high-water mark (the highest value your account has reached) |
| ETF running costs | The ETFs in the portfolio have their own costs, on average less than 0.20% a year (0.05% to 0.45% for individual funds). Each fund deducts them from its own value; they are not our income. |
| Transaction costs for you | €0, we cover them |
| Automatic rebalancing | €0 |
You request a withdrawal in the app, at any time. We sell the investments and pay the money into your bank account, usually within a few days. We charge nothing for a withdrawal. If you withdraw the whole portfolio, we charge the pro-rata part of the monthly management fee and any performance fee due. Tax on a withdrawal from the INR follows the rules in the tax advantages section on this page.
Your money is protected
Safeguards, built in.
- Segregated assetsYour assets are not on the firm's balance sheet. Client cash is held in fiduciary accounts at a bank, and securities are held by regulated custodians in a pooled client account, separate from the firm's assets; our records show what belongs to whom. The firm's creditors cannot reach these assets.
- ATVP supervisionOngoing oversight by the Securities Market Agency.
- FURS registerYour INR is held in the central register at the Financial Administration.
- Investor-compensation schemeStatutory cover up to €22,000 per investor. It protects against the firm failing to return your assets, not against investment losses.
- Detailed reportingYou get a report on your portfolio, costs and performance every month, and you can see your balance in the app at any time.
Honest framing
Who the INR is not for.
The INR rewards patience: its full tax advantage arrives after 15 years without withdrawals. If you will likely need this money within a few years, if it is your emergency reserve, or if you expect to make frequent withdrawals, an INR is probably not the right home for it, and we will tell you so.
How to open your INR
Fully digital, start to finish.
01
Register
Open your account digitally with KYC/AML verification in the app.
02
Risk profile
Complete the suitability questionnaire, which sets your risk profile (1 to 7).
03
Sign the INR agreement
Clear terms and costs, signed in-app.
04
Fund it
A one-off payment of up to €20,000 in the first year, regular payments, or both, within the annual limits.
05
We manage it
Your portfolio is run with the Smart Beta strategy, matched to your profile.
Capital at risk. Investing involves risk: the value of investments can go down as well as up, and you may get back less than you invested. Past performance and any simulated/back-tested performance are not reliable indicators of future results. Tax treatment depends on individual circumstances and current law, both of which can change. This website is a marketing communication. It is not investment advice, a personal recommendation, or an offer to enter into any contract. Detailed pre-contractual information is provided before any agreement is concluded.