Belgian Tax implications on surrender of a life insurance
I am considering the sign up for life insurance , for about 100, 000 euro, where nominee would me my wife and three dependent children, who are resident in Belgium. I will likely sign insurance with an insurance company in Belgium, Switzerland or a non EU country.
1) If I get lump-sum money on policy maturity, do I need to pay tax on the received lumpsum?
1) In case of my death, if my family receives assured income in a lump-sum, will there be any tax implications in Belgium?
2) Does the tax implication change if the insurance money comes from Switzerland or non EU country?