"We can help many nationalities and residents around the world with smart tax and financial planning."
Life insurance wrappers, if structured properly, can help you with asset protection and in many cases, tax reduction which will protect your wealth and your heirs from unnecessary taxation. These can often be used in conjuction with trusts or pension trusts for maximum protection and tax efficiency. It can also be a very useful structure to avoid double taxation if you are an expat resident abroad.
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|Country||Tax on Savings & Investments without an Insurance Wrapper||Tax with an Insurance Wrapper||Wrapper Benefits|
|Austria||25% Capital Gains Tax, Reporting Requirement||No Tax until Withdrawal; No Tax if Policy is for 15 Years+||No Tax after 15 Years, No Reporting Requirements|
|Belgium||27% Withholding Tax on Dividends, 15% - 30% on Savings Interest||No Witholding Tax, Insurance Tax of only 2%||Tax-free Growth, No Reporting Requirements|
|Italy||Savings Interest and Dividends are Taxed at Your Highest Personal Income Tax Rate (23% to 43%)||Tax Not Paid until Withdrawal||Tax Deferral, No Reporting Requirements|
|France||18% Capital Gains Tax plus 12.1% Social Tax, Reporting Requirement||Tax Not Paid until Withdrawal. Varies from 35% to 7.5% if policy term is over 8 years||Tax Deferral, Wealth Reporting Requirements|
|Germany||25% Withholding Tax on Dividends & Interest, 25% on Capital Gains||Tax Not Paid until Withdrawal||Tax Deferral, No Reporting Requirements|
|Israel||25% Tax on Savings & Investments, Reporting Requirements||Tax Not Paid until Withdrawal||Tax Deferral, No Reporting Requirements|
|Netherlands||35% Withholding Tax, Personal Income Tax up to 52% Income Tax, Reporting Requirement||1.2% on Annual Policy Value Plus 30% on Fictitious Income of 4% p.a. on Value Contract||Tax Reduced, Simplified Reporting Requirements|
|Spain||Personal Income Tax Up to 49% and Capital Gains Tax of 19 to 21%, Reporting Requirement||Tax Not Paid until Withdrawal||Tax Deferral, No Reporting Requirements|
|UK||Income Taxed at Highest Personal rate (20% - 40%), Dividends Tax (up to 32.5%), Capital Gains Tax (10% - 20%)||Tax Not Paid until Withdrawal||Tax Deferral, No Reporting Requirements|
|US||Personal Income Tax up to 39.6% and Short/Long Term Capital Tax of 20%/39.6%, Reporting Requirement||No Tax until Withdrawal (Special Conditions Apply)||Tax Deferral, Regular Reporting Requirements|
Please note the table above may not be accurate currently as tax rules change so frequently. Please use this only as a rough guide. This is a very simplified view and also doesn't take other considerations into account such as tax thresholds, wealth tax, inheritance taxes and estate planning into account. Please consult a financial adviser and a local tax attorney for the latest rules.
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