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swiss annuities Comparison
Difference between US and Swiss annuities
The information published below is only indicative and may not be accurate due to frequent change in tax laws at all times. Please consult a tax advisor in your country. We ask you to consult a tax expert in your home country for professional advice with regard to filing taxes.
| U.S Fixed Annuties | Swiss Fixed Annuities | |
| 1. Privacy | no | yes |
| 2. Asset Protection | no | yes |
| 3. Diversification | no | yes |
| 4. Investment Choice | no | yes |
| 5. Liquidity | no | yes |
| 6. Tax deferral | yes | no |
| 7. Multi Currency choice | no | yes |
| 8. Currency switch | no | anytime |
| U.S Variable Annuities | Swiss Variable Annuities | |
| Asset protection | no | yes |
| Privacy | no | yes |
| Full diversification | no | yes |
| Hedge against dollar decline* | no | yes |
| Tax-deferral | yes | yes |
| Flexibility | yes | yes |
| Choice of investments | yes | yes |
| Liquidity(* unless invested in foreign currencies) | yes | yes |
| Multicurrency choice | no | yes |
Comparison of offshore investment strategies
| Investment | Individual investment strategy |
Asset protection |
US Tax-deferral | Exempt from US withholding taxes |
| Foreign bank account | yes | no | no | no |
| Foreign fixed annuities | no | yes | no | yes |
| Foreign variable annuity | yes | yes | yes | yes |
Swiss bank account vs Swiss Annuity
| Swiss Annuity | Swiss Bank Account | ||
| Asset Protection | yes | no | |
| Creditor Protection | yes | no | |
| Secrecy | yes | no (Currently no real privacy for swiss bank accounts) | |
| Swiss Income Tax | no | no | |
| Swiss Withholdding Tax | no | yes | |
| U.S Income Tax | yes - Please consult a tax advisor in your country. | yes ( US citizens would require to report to IRS on Form 1040 on any foreign held bank accounts.) | |
| U.S Withholding Tax | no (Since there is no investment in U.S securities) | no (most swiss banks dont allow U.S citizens to invest in U.S securities) | |
| U.S Excise Tax | SwissIinsurance - no IRS requires you to file Form 720 for 1% excise tax if you buy a foreign held annuities. Recent tax treaty with switzerland eliminates this tax. But Liechtenstein insurance are not exempt from this. |
- | |
| EU Savings Tax Directive | no | yes | |
| Growth | yes (diversified choice of investments can go upto 17% depending upon risk you take) | yes (depends on banks interest rate 2-3%) | |
| Depository Institutions | Swiss Insurance Company | Swiss Bank | |
| Asset Protection | yes According to Swiss law, swiss annuities, when properly structured, your annuity cannot be attached or seized, and cannot be included in any bankruptcy proceedings. | no | |
For more information please refer our Frequently Asked Questions(FAQ's) section. Should you have any questions of general category, please do not hesitate to Contact Us.