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Norway BSU Savings and Tax Benefit Calculator

BSU (Boligsparing for ungdom) is Norway’s youth home-savings scheme. This page explains the Norwegian rules in plain language and separates the advertised tax deduction from the amount your own tax can absorb.

Your amounts are calculated on this device and are not uploaded or saved.

Use the tool

Norwegian BSU · 2026 limits · checked 17 October 2026 · language does not change the tax jurisdiction.

Age on 31 December of the income yearTotal BSU deposits before this income year, excluding interest (NOK)BSU deposits already made during this income year (NOK)BSU deposit planned for this year (NOK)Income tax and national insurance tax available to use this deduction (NOK)Current BSU account balance including interest (NOK)

I will own part or all of a primary or secondary home on 31 December I withdrew BSU savings during this income year My BSU account is active and has not been used or breached

Optional savings comparison

Current ordinary savings balance (NOK)Years to projectBSU annual interest rate offered by my bank (%)Ordinary savings annual interest rate offered by my bank (%)

Enter rates from your own bank. The comparison assumes the same annual deposit in each account; BSU deposits stop after the year you turn 33 or when the total cap is reached.

Enter your year-end age, previous deposits, planned deposit and available tax.

Official Norwegian sources: Skatteetaten: 2026 BSU rates · Skatteetaten: BSU rules · Government: 2026 tax rates · Open Skatteetaten’s BSU information

Example

A NOK 20,000 deposit can create a nominal NOK 2,000 tax deduction at the 10% 2026 rate. If only NOK 1,200 of eligible tax is available, the deduction used is NOK 1,200 and the unused NOK 800 does not carry forward.

How this scenario works

The tool applies the official annual and lifetime contribution caps, checks the age and property conditions for a tax deduction, and limits the deduction to the tax capacity you enter. Interest rates for the optional savings comparison come from you, not a bank-rate feed.

Common questions

Who can receive the BSU tax deduction?

For 2026, you must be no older than 33 at the end of the income year, not own a primary or secondary residence at year end, have an eligible active account, and have enough income tax and national insurance tax to use the deduction.

What are the 2026 contribution limits?

The maximum new deposit is NOK 27,500 for the year and the total deposited principal under the scheme cannot exceed NOK 300,000. Interest is not included in those deposit limits.

Can unused tax deduction be saved for later?

No. The deduction cannot exceed eligible tax and an unused amount does not carry forward to another year.

Is BSU always better than ordinary savings?

No. Eligibility, tax available, home plans, account rates and withdrawal restrictions matter. The optional comparison uses the two rates you enter and does not recommend a bank product.

Scope and limits

Norwegian BSU rules only · 2026 limits checked 17 October 2026. This is an estimate, not tax advice or a bank quote. It does not model account contract breaches, moving savings between banks, withdrawals for non-housing purposes, personal tax calculation, interest taxation, future rule changes or all exceptions. No bank rates are assumed. Check Skatteetaten and your bank before making a deposit or withdrawal.