For investments linked to Sampo Investment Insurance, you yourself can set the target return and risk level of the investments of your choice. The comprehensive product selection offered by Sampo Bank includes mutual funds, investment baskets, annual interest or any combination of them.
And since you can switch savings up to 12 times per year at no expense and with no tax impact, Sampo Investment Insurance is the right answer for active saving and investment.
Investment insurance facilitates tax-effective gift tax planning, for it enables you to donate EUR 8,500 to your near relatives at three-year intervals without any gift tax obligation.
Investment insurance also facilitates tax-effective inheritance tax planning, for life insurance compensation is tax-exempt for insured near relatives, provided it does not exceed the EUR 35,000 recipient-specific limit. Compensation to other persons than near relatives is deemed as taxable capital income on which 28% capital gains tax is charged.
Once per year before the termination of the investment insurance, you can make a tax-exempt withdrawal from your savings (minimum EUR 1,500) as long as the withdrawal is taken from your capital. Tax will be charged only on withdrawals made from the return on your capital. A redemption fee is deducted from each withdrawal.
You may withdraw your insurance savings whenever you wish prior to the termination of the contract. A repurchase fee will be charged from withdrawals made during the first three years.