Question about the payout of insurance policies
In the next two years, I will receive various payouts from contracts. From June 1, 2016, I will be a retiree with a long insurance history. Question: What are the differences in the tax treatment between receiving the payouts as a pension vs receiving them as a lump sum for the following contracts?
- Direct insurance (since 1989)
- Comfort pension ERGO since 2003 (pension fund)
- Deferred compensation from the employer
- Direct commitment from the employer
Thank you and regards.