Here are some of the most significant benefits that can be achieved through an endowment policy for people resident for tax purposes in Spain.
• No taxes during the term of the policy
• No tax on the purchase or sale of securities during the term of the policy.
• The customer defines the investment strategy and bank.
• No limit to deposits.
• Opportunity to add more insured persons.
• No EU taxes.
• No inheritance tax with a lock-in and an irrevocable authority.
• No inheritance tax if the beneficiary lives in Denmark.
• No exit tax when you move. The policy can be cancelled at any time.
• The policy can be mortgaged and used as security for a new commitment.
• Payment at any time, although be aware of any lock-in.
• Only 18% tax on the policy’s growth in value is taxed as income in connection with payment