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Accident insurance Lump sum payment Pension insurance Credit security tax-detrimental

April 13, 2018 | 30,00 EUR | answered by

Dear Sir or Madam,

how would the following situation be treated from a tax perspective?

In 2018, claims against an insurance company under an accident insurance policy with monthly payments are to be surrendered in favor of a lump sum payment. However, this lump sum payment is not disbursed, but rather invested in a fund-linked pension insurance with the same company. Now, this pension insurance is to serve as collateral for a real estate loan.

Kind regards