the

To which insurance contracts does the capital gains tax apply?

A 10% tax applies to capital gains realized upon surrender or maturity of certain life insurance policies. More specifically, the following policies are affected: Branch 21 savings insurance: for which the eight-year term has expired with death benefit coverage of at least 130% of the premiums paid Branch 23 investment insurance policies Investment insurance policies combining Branch 21 and Branch 23, also known as Branch 44. If a Branch 21 or 26 policy (capitalization transaction) is subject

How and at what rate is the capital gains tax calculated?

The capital gains tax rate is 10%. Capital gains tax applies only to capital gains realized on or after January 1, 2026. Capital gains accrued before that date are exempt. For contracts entered into on or after January 1, 2026, the taxable capital gain is the positive difference between the paid-out capital and the total amount of premiums paid. For contracts entered into before January 1, 2026, the reserve as of December 31, 2025 (the “snapshot date”) serves as the reference value. In this

When is capital gains tax due?

When a life insurance policy is subject to capital gains tax, the tax is due as soon as a capital gain is realized upon surrender or upon the payment of the death benefit at the end of the policy term.If the policy is paid out following the death of the insured, the beneficiaries under the death benefit clause do not have to pay any capital gains tax on the realized gains. It goes without saying, however, that inheritance tax may still be due in accordance with applicable law.

How is capital gains tax collected?

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

How do you let us know your choice?

Whenever you request a cash surrender, the insurance company will send you a settlement form on which you can indicate your choice.This choice is valid for the entire tax year. Any revocation will take effect only for the following year.

2023 SFCR Report

Insurance European Services NV (“MIES“). MIES, a registered insurance intermediary, provides support services to MAB on the basis of a critical outsourcing agreement. Furthermore, MIES has a branch in Ireland, which provides, amongst others, support... “personne-relais” for the actuarial function holder, and the high responsible for AML, thus strengthening the second line of defence. Furthermore, a new Compliance Officer started as of 1 January 2023. ▪ Two non-executive directors have left the Company

Can capital losses be deducted?

Realized capital losses may be deducted from realized capital gains, provided they relate to the same category of financial assets and were realized in the same year.Capital losses are always deducted through the tax return (see below). You must therefore request this deduction yourself.However, it is not possible to carry forward capital losses to the following year.

2024 SFCR Report

on the basis of a critical outsourcing agreement. Furthermore, MIES has a branch in Ireland, which provides, amongst others, support services to the Irish Monument entity. The business strategy of the Company is to: ▪ Focus on the administration of... the Board in determining whether there are adequate Own Funds to cover the Company’s risks over its business planning horizon. The Company’s business activities give rise primarily to credit risk, market risk, underwriting or insurance and

Conflict of Interest Policy

) they are or could potentially be in a position to derive personal benefit from actions or decisions made in their capacity as a staff member, director or other person acting on behalf of the Company, which in turn leads to a material risk of damage... where there is a reasonable potential conflict of interest on their part and shall abstain from voting on these decisions. 5.7.2 Members of the Management Committee whose interests conflict directly or indirectly with those of the Company upon

2025 SFCR Report

outsourcing agreement. Furthermore, MIES has a branch in Ireland, which provides, amongst others, support services to the Irish Monument entity. The business strategy of the Company is to: ▪ Focus on the administration of the existing in-force closed book of... outsourcing contract with PIDEECO BV. The day-to-day management of the business is delegated to the Management Committee (the “MC”). The MC remains committed to continuing to strengthen the system of governance within MAB. Further details of the Company

2022 SFCR Report

entities were registered as insurance intermediary in order to provide the policy administration of the acquired books. Furthermore, MIES has a branch in Ireland, which provides, amongst others, support services to the Irish Monument entity. ▪ On 31..., been insourced within the Monument Re Group. The Management Committee is committed to continue to strengthen the system of governance within MAB. Further details of the Company’s system of governance are provided below in Section B. System of

2021 SFCR Report

growth of the Company over the year 2021, MAB has further strengthened its governance, eg. ▪ A Chief Risk Officer 100% dedicated to MAB has been recruited in Q2 2021; ▪ A Chief Financial Officer 100% dedicated to MAB has been recruited in Q2 2021, the... of all categories of risk. The risk management system includes the Own Risk and Solvency Assessment (“ORSA”) which assists MAB’s board of directors (“the Board”) in determining whether there are adequate Own Funds to cover the Company’s risks over

MAB Cookie Notice 2026 EN.pdf

, mobile website, or mobile application related or connected thereto (collectively, the "Site") to help customise the Site and improve your experience. We reserve the right to make changes to this Cookie Policy at any time. We will alert you about these... website. Below you will find more information on the settings for the most common browsers. All of them allow you to manage the cookies that are installed on your computer or device. You can block or authorise these cookies, or indicate the specific

mab-cookie-notice-2026-en.pdf

, mobile website, or mobile application related or connected thereto (collectively, the "Site") to help customise the Site and improve your experience. We reserve the right to make changes to this Cookie Policy at any time. We will alert you about these... website. Below you will find more information on the settings for the most common browsers. All of them allow you to manage the cookies that are installed on your computer or device. You can block or authorise these cookies, or indicate the specific

Is it possible to qualify for a capital gains tax exemption?

There is a basic annual exemption of €10,000 per taxpayer on the total capital gains realized during a single year. This amount is adjusted annually.Taxpayers who do not use the exemption may carry forward a maximum of 1,000 euros to the following year for up to 5 years, up to a total of 15,000 euros.

Information on ESG

strengthen the protection of end-investors and improve the transparency of the information provided to them with regard to the integration of sustainability risks into investment decision-making and advisory processes. This ESG briefing provides... policy on conflicts of interest, please consult it on our website. ▪ ESG Risk Management ▪ ESG Risk Identification and Assessment SFDR aims to strengthen the protection of end-investors and improve the information provided to them with regard to the

privacy-notice-belgium-en-2026.pdf

identify the beneficiary(ies), your beneficiary(ies), by other companies when they are considering transferring (part of) their portfolios to Monument if this is necessary for the analysis prior to such acquisition or management in our systems. As... any other parties involved in the insurance, mortgage or other contract. These include : - personal identification data: first name, surname, sex, gender, date and place of birth, date of death, national register number, identity card number

Who is liable for capital gains tax?

This 10% capital gains tax applies to natural persons with a tax residence in Belgium and non-profit associations and foundations with the exception of those that are being recognised as tax deductible for gifts. Natural persons with a tax residence outside Belgium and legal entities (such as companies that are subject to corporate income tax) are exempt from capital gains tax.