Insurance can avoid tax? It's not like that.

Usually, when we talk about insurance tax avoidance, we will avoid inheritance tax. In foreign countries, if the inheritance is rich, a large amount of inheritance tax will be charged, so in foreign countries, many people will choose insurance to avoid this high inheritance tax.

According to the provisions of Article 42 of China's Insurance Law, after the death of the insured, in any of the following circumstances, the insurance money shall be regarded as the heritage of the insured, and the insurer shall perform the obligation to pay the insurance money in accordance with the provisions of the Inheritance Law of People's Republic of China (PRC):

1. No beneficiary is specified, or the beneficiary designation is unknown and cannot be determined;

2. The beneficiary dies before the insured, and there are no other beneficiaries;

3. The beneficiary loses or waives the beneficial right according to law, and there are no other beneficiaries;

If the beneficiary and the insured die in the same event and the order of death cannot be determined, it is presumed that the beneficiary died first.

It can be seen from the above clauses that if the insured purchases insurance with his own property and designates the beneficiary, if the beneficiary does not die and the beneficiary can legally accept the insurance money, then the insurance money is not regarded as an inheritance and does not need to pay inheritance tax.

But at present, there is no policy of levying inheritance tax in China, and it will not be levied in the future according to the situation. Because foreign countries have gradually stopped collecting inheritance tax, it is unnecessary for insurance to evade inheritance tax, although it is reasonable in theory.

What's the difference between bank financing, time deposit and certificate of deposit? You can go to WeChat official account: financial notes (rong360licai) to reply to the deposit slip.