According to Mr. Vaneyev, when using any instruments, including securities, the Russian investor pays the individual income tax 13% to the treasury.
"Of course, Personal Investment Account (PIA) is a tool that is in demand today, but the amount that allows get a tax deduction is not significant for every investor", said the expert. "Today, insurance products wrapped in investment cover, investment and endowment life insurance, are becoming increasingly popular. They have a number of advantages, such as legal protection: the funds invested in such a wrap are not considered as property and not alienated as a result of lawsuits, divorce proceedings, or third-party claims during the policy term. The policy owner is not required to notify the tax authorities about it".
"The potential profitability of the policy of investment life insurance is limited only by the growth of the asset selected and the participation ratio at 100% protection", said Konstantin Vaneyev.
“Endowment life insurance is a long-term product chosen by people who understand that there is no point to count on the state pension system", he continued, "Tax concessions apply in respect of investment and endowment life insurance. It is a weighty advantage of this form of investment, especially if it is a matter of large sums.”
Photo per website: http://prostopozvonite.com, ok.ru
