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There are two ways to collect capital gains tax. The standard method is withholding tax (opt-in). The standard method provided for by law is withholding at source. This means that the insurance company automatically withholds the tax when the lump-sum payment is made and remits it to the tax authorities. You can include these capital gains on your tax return to take advantage of the annual exemption and to deduct any capital losses. With the other method, there is no withholding tax (opt-out

personal data. 2 2 SOURCES OF PERSONAL DATA COLLECTION We collect personal data about you from a number of sources, including directly from you, through business acquisitions and in the course of administering the insurance policy, from third parties and by automated means. We collect personal data about you in a number of ways, including • Direct collection We collect personal data that you provide to us directly, for example, when you contact us by email, post or telephone, in which case we