Swiss Annuities - A Better Alternative to Swiss Bank Accounts

SWISS ANNUITY PLANS

Swiss Annuities - A Better Alternative to Swiss Bank Accounts

When comes to safety for your money, there is no better country than Switzerland. Privacy with Swiss banks are long gone after 9/11 and the recent tax haven crackdown by countries across the globe. Added to that, the recent financial crisis, really threatened the collapse of big banks and insurance companies in US and people never before are so much concerned about the safety of their money with such institutions.

In recent years, swiss annuities emerged as a better alternative to swiss bank accounts. No wonder that a swiss annuity is as private as swiss bank account, and is governed by the same privacy laws in Switzerland. Instead on depositing your money into a swiss bank account, you get significant advantages when you buy a insurance contract, issued by a premier swiss insurance company. The money is held with swiss insurance company instead of swiss bank. Swiss Annuities are perfect investment vehicle for the future. You are not doing anything illegal, buying a insurance policy in Switzerland, as long as you report your income to IRS and pay taxes accordingly.

For most people, the complexities of offshore trust solutions for asset protection can be hard, cumbersom and involve lot of money. Money invested in a Swiss insurance policy is one of the simplest, inexpensive and safe way to protect yourself from legal lawsuits and other financial threats. Switzerland’s and Liechtenstein’s long tradition of providing confidentiality and safety to investors is extended to Swiss insurance policy issued by insurance companies in switzerland.

	Swiss Annuity	Swiss Bank Account
Asset Protection	yes	no
Safety & Growth	yes	no
Privacy & Secrecy	yes	no (Currently no real privacy for swiss bank accounts)
Currency Choice	yes	yes
Swiss Income Tax	no	no
Swiss Withholdding Tax (35%)	no	yes
U.S Income Tax	yes (works like any other american annuity but it can be deferred) more info	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	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 still you have to claim it.)	N/A
EU Savings Tax Directive	no	yes
Growth	1.75% to 3% (fixed rate annuity)	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. Note: It is possible to initiate a bankruptcy proceeding against an investor, within one year of the annuity contract. You should plan atleast 1 year in advance.)	No

Note*: The information provided above cannot be interpreted as legal or professional advice. Please consult your tax advisor for more information as the US tax laws are subjected to change from time to time..

So, in every aspect swiss annuity outsmarts swiss bank accounts. More info on Swiss Annuities >>

Remember for U.S persons, if you have a secret bank account in switzerland or elsewhere offshore, if IRS wants to find out, they really can. They can put a pressure on the swiss bank against you, banks can really give your privacy up and release all your records, instead of facing U.S pressure. Your deposits with swiss banks cannot shield you from creditors and give you a perfect asset protection cover.

A Swiss or Liechtenstein insurance policy will get you this extraordinary level of asset protection if it meets the following conditions:

You have designated your spouse or descendants (i.e. children) as beneficiaries, or

You designate anyone as an irrevocable beneficiary, and

Designation of either beneficiary described in numbers 1 and 2 occurred more than six months prior to bankruptcy proceedings or the seizure of assets, and

The designation of beneficiary was not made with the intent to damage creditors.

We ask for minimum investment of USD 50'000 or more for swiss annuity investments. If you need more information about swiss annuities please read here. If you are interested, please complete our online application.

Before it's too late, Think what have you done to protect those you love !

The information contained in this Website is not meant to substitute qualified legal advice given by a specialist knowing your particular situation. We can’t be held responsible for any loss or damages whether direct, incidental, indirect, special, or consequential, among others, relating access to this Website. No part of this site may be reproduced in any form or by any means, without our prior written permission. All other works are copyrighted works of our partners, which had been reproduced with prior permission. Terms and Conditions