New tax laws approved by the Finnish Parliament
May 17, 2019
Parliament approved in April amendments to the Finnish Income Tax Act, which will change the taxation of life insurance and capitalisation contracts with effect from 1 January 2020. As of the next tax year, profits of insurance products will be taxed proportionally in case of surrenders. Additionally, it will be possible to deduct possible loss […]
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Life assurance: your estate management toolkit – Episode 2
April 30, 2019
What is the importance of the beneficiary clause in your life assurance contract? What does it achieve and how should it be written? How can you ensure that it meets clients’ needs? How can you best advise your clients in order to meet their needs in terms of estate management and, especially, succession planning? In […]
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The accretion clause according to VLABEL
April 26, 2019
The accretion clause is, in legal jargon, defined as an onerous commutative and aleatory contract. As the contract presupposes at least two parties, it follows that the survivor has the chance to acquire something under the condition precedent of the co-contracting party’s death. The majority of legal literature states that the accretion agreement is based […]
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