Monday, October 5, 2009

News Personal Finance Insurance

Contracts of life insurance units of account or multichannel are now exempt from social taxes from 12.1% (CSG, social levy of 2% and additional contribution) when they come undone by the death of insured. The bill funding the Social Security (PLFSS) released today, concludes that exception. In the future, the insurer shall, before paying the death benefit to (x) Beneficiaries (s), subtract 12.1% of the gains made under the social taxes paid to be paid to Social Security. Recipe expected: 270 million euros. This will have "a financial impact in 2010," reads the PLFSS, it should be applicable in 2010 for all contracts multichannel who unwind by the death of the insured.
The termination of the contract by the death was the last exception to the rule. In all other cases, samples of 12.1% on earnings was due: to each withdrawal on multichannel and contracts each year when the "Register of interests into account, for contracts to support single euro.

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