Posted Feb 17 2022 at 8:00 amUpdated Feb 17. 2022 at 9:59
Life insurance also offers a privileged framework for transmitting capital to loved ones under very advantageous tax conditions. “But you don’t have to bet everything on it. The applicable tax regime will be that in force on the death of the insured. Not so long ago, the capital paid to beneficiaries was exempt. Today, it is subject to a specific tax of 20% and 31.25%. But no one can predict what will happen in ten, twenty or forty years”, warns Sophie Nouy, director of the heritage expertise center at Cyrus Conseil.
When the beneficiary of the contract is the spouse or PACS partner, the capital paid by the insurer escapes all taxation, regardless of the age at which the subscriber funded his contract (before or after 70 years old) and the amount capital raised by the beneficiary. For beneficiaries other than the surviving spouse or PACS partner, the exemption from duties is only partial and has been reduced over time. However, it remains advantageous.
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