Here are some of the most significant benefits that can be achieved through an endowment policy for people resident for tax purposes in Norway.
• 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 capital tax.
• No inheritance tax.
• No exit tax when moving to SE, CH, BE, AT. The policy can be cancelled at any time.
• The policy can be mortgaged and used as security for a new commitment.
• Earliest payment after 12 years, of which 6 years can be a payment.
• Only 28% tax when the policy is paid.