Path: csiph.com!weretis.net!feeder9.news.weretis.net!news.nk.ca!rocksolid2!i2pn2.org!.POSTED!not-for-mail From: D Newsgroups: comp.os.linux.misc Subject: Re: Remember "Bit-Slice" Chips ? Date: Wed, 18 Dec 2024 20:03:04 +0100 Organization: i2pn2 (i2pn.org) Message-ID: <77e19d79-af17-51f4-b708-009c1a879b2b@example.net> References: <0186e59b-8801-2a6a-c38c-dc4bbddc86cc@example.net> <2d357d48-dbc9-0cb8-e5ae-73af573cc2d4@example.net> <1d0af328-dfa7-66fa-2373-40b5a4504b62@example.net> <02c11de7-8cd5-3248-e817-e336bf7d892d@example.net> <7d544b05-893d-cc86-14e7-4b90885bdcf1@example.net> MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="8323328-1304059130-1734548587=:13685" Injection-Info: i2pn2.org; logging-data="3507841"; mail-complaints-to="usenet@i2pn2.org"; posting-account="w/4CleFT0XZ6XfSuRJzIySLIA6ECskkHxKUAYDZM66M"; X-Spam-Checker-Version: SpamAssassin 4.0.0 In-Reply-To: Xref: csiph.com comp.os.linux.misc:62632 This message is in MIME format. The first part should be readable text, while the remaining parts are likely unreadable without MIME-aware tools. --8323328-1304059130-1734548587=:13685 Content-Type: text/plain; charset=UTF-8; format=flowed Content-Transfer-Encoding: 8BIT On Tue, 17 Dec 2024, Lars Poulsen wrote: > On 2024-12-17, D wrote: > D> If you're content to wait until you are at least 55 to withdraw money, you > D> can start a retirement foundation. The gross assets are taxed with a flat > D> tax of 0.3% or so every year, regardless of if the assets shrink or grow. > D> And in return you can withdraw your retirement savings for free. This is > D> not very well known, and I have never heard of a company that offers this. > > LP> So an after-tax savings account. How is this different from an ordinary > LP> savings account ... I guess the difference is that the interest is > LP> tax-free? Sweden special! > >> The difference is that in an ordinary savings account, you put in taxed >> money. In this type of account, your company can put in gross earnings, >> have the capital gains being taxed at only 0.3% (ish) flat fee per year, >> and then when you, the employee, withdraw it, it's taxed as retirement >> income. >> >> If you put in your taxed savings into a "kapitalförsäkring" you can >> withdraw the money tax free, but the flat tax is higher, it's currently >> 0,888% for 2025. > > What is taxed a 0.3%/year: The capital GAIN (interest) for the year, or > the accumulated capital value? Sorry for being unclear. The accumulated capital value is taxed at a flat rate per year. > And does "retirement income" have a lower tax rate than "long term > capital gains"? No. Retirement income is taxed as salary. Long term capital gains are taxed at either 30% (gains after sale, old system) or around 0.3% (foundation) or 0.8% insurance. Insurance you can take out the money without tax, and I think when you withdraw from a foundation, it is taxed as income. If you move abroad, you can get a flat 25% retirement income tax. There are also I think double taxation agreements that can be used to lower the tax on retirement income as well but I do not have details here. --8323328-1304059130-1734548587=:13685--