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  1. Who is Paying Agent for an Irish insurance policy with policy assets in an Irish bank held by a Montserrat trustee, and benefits paid to a Luxembourg bank? ...
Luxembourg bank Insurance Company Montserrat Trustee Irish bank



  1. Who is Paying Agent when an EU-resident policyholder instructs Luxembourg life insurer to remit benefits to his account in Hong Kong branch of an EU bank? ...
Fiscal representative Insurance company Out of scope EU bank



  1. Are benefits of a 10-year “annuity certain” regarded as interest? ...
If more than 25% interest Yes No Insufficient info



  1. Is a partial lump-sum insurance pension pay-out in scope? ...
If more than 25% interest Yes No Insufficient info



  1. What are the advantages for an investor holding a portfolio in a life insurance policy rather than in a foundation? ...
Savings tax deferred until distribution Initial contributor is not regarded as beneficial owner Tax applied only if there is a realised portfolio profit All of the above



  1. Must a German insurance company deem the settlor of Jersey-managed discretionary trust holding a policy as the beneficial owner? ...
Yes If trust is managed outside the Directive's jurisdiction If trust is managed within the Directive's jurisdiction No



  1. If a Liechtenstein foundation receives a benefit that is linked to less than 10% interest from an EU insurance company, is it definitely excluded from the definition of interest? ...
No Yes Only if foundation is managed outside the Directive’s jurisdiction Only if foundation is managed within the Directive’s jurisdiction



  1. A capital redemption bond has no mortality risk. Are benefits from a capital redemption bond regarded as interest? ...
If more than 25% interest Yes No If redeemed before maturity date



  1. A UK insurance company makes a benefit payment to the Swiss bank account of an Anguilla trust managed by UK trustee...
Swiss bank is Paying Agent UK insurer must report on payment to Paying Agent Upon Receipt Anguilla trust is Paying Agent Upon Receipt UK insurer is Paying Agent



  1. A BVI trust holding a policy is listed in the Directive annex as an entity for purposes of a Paying Agent Upon Receipt. If it is managed by a Singapore trustee, is it a Paying Agent Upon Receipt? ...
If it has an EU resident shareholders Yes No If it is effectively untaxed



  1. An identical portfolio of 50% bonds and 50% equities is held by both a trust and a life insurance policy. When will the amount of interest for savings tax purposes be identical? ...
Never If equities make no profit or loss If there is a total gain in the portfolio If home country reduces the de minimis threshold for insurance to zero



  1. A Luxembourg hedge fund, a Jersey managed life interest trust and an Irish life insurance policy all hold the identical portfolio of 50% bonds and 50% equity. Which is the least likely to be subject to the savings tax? ...
Luxembourg fund Jersey Trust Irish insurance policy All three are equally likely in scope