Non-Retirement Savings Accounts. An account maintained in Anguilla (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of Anguilla.
a) The account is subject to regulation as a savings vehicle for purposes other than for retirement;
b) The account is tax-favored (i.e., contributions to the account that would otherwise be subject to tax under the laws of Anguilla are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or taxation of investment income from the account is deferred or taxed at a reduced rate);
c) Withdrawals are conditioned on meeting specific criteria related to the purpose of the savings account (for example, the provision of educational or medical benefits), or penalties apply to withdrawals made before such criteria are met; and
d) Annual contributions are limited to $50,000 or less, applying the rules set forth in Annex I for account aggregation and currency translation.
Non-Retirement Savings Accounts. An account maintained in Finland (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of Finland.
a) The account is subject to regulation as a savings vehicle for purposes other than for retirement;
b) The account is tax-favored (i.e., contributions to the account that would otherwise be subject to tax under the laws of Finland are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or taxation of investment income from the account is deferred or taxed at a reduced rate);
c) Withdrawals are conditioned on meeting specific criteria related to the purpose of the savings account (for example, the provision of educational or medical benefits), or penalties apply to withdrawals made before such criteria are met; and
d) Annual contributions are limited to $50,000 or less, applying the rules set forth in Annex I for account aggregation and currency translation.
Non-Retirement Savings Accounts. An account maintained in Singapore (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of Singapore.
a) The account is subject to regulation as a savings vehicle for purposes other than for retirement;
b) The account is tax-favored (i.e., contributions to the account that would otherwise be subject to tax under the laws of Singapore are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or taxation of investment income from the account is deferred or taxed at a reduced rate) or state-subsidized;
c) Withdrawals are conditioned on meeting specific criteria related to the purpose of the savings account (for example, the provision of educational or medical benefits), or penalties apply to withdrawals made before such criteria are met; and
d) Annual contributions are limited to $50,000 or less or do not exceed $50,000, applying the rules set forth in Annex I for account aggregation and currency translation.
Non-Retirement Savings Accounts. An account maintained in Guernsey (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of Guernsey.
a) The account is subject to regulation as a savings vehicle for purposes other than for retirement;
b) The account is tax-favoured (i.e. contributions to the account that would otherwise be subject to tax under the laws of Guernsey are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or taxation of investment income from the account is deferred or taxed at a reduced rate);
c) Annual contributions are limited to £15,000 or less, applying the rules set forth in paragraph C of section VI of Annex I for account aggregation and currency translation;
d) Contributions into the account can only be made by a resident of Guernsey.
Non-Retirement Savings Accounts. An account maintained in The Bahamas (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of The Bahamas.
a) The account is subject to regulation as a savings vehicle for purposes other than for retirement;
b) The account is tax-favored (i.e., contributions to the account that would otherwise be subject to tax under the laws of The Bahamas are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or taxation of investment income from the account is deferred or taxed at a reduced rate);
c) Withdrawals are conditioned on meeting specific criteria related to the purpose of the savings account (for example, the provision of educational or medical benefits), or penalties apply to withdrawals made before such criteria are met; and
d) Annual contributions are limited to $50,000 or less, applying the rules set forth in Annex I for account aggregation and currency translation.
Non-Retirement Savings Accounts. An account maintained in Poland (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of Poland.
a) The account is subject to regulation as a savings vehicle for purposes other than for retirement;
b) The account is tax-favored (i.e., contributions to the account that would otherwise be subject to tax under the laws of Poland are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or taxation of investment income from the account is deferred or taxed at a reduced rate);
c) Withdrawals are conditioned on meeting specific criteria related to the purpose of the savings account (for example, the provision of educational or medical benefits), or penalties apply to withdrawals made before such criteria are met; and
d) Annual contributions are limited to $50,000 or less, applying the rules set forth in Annex I for account aggregation and currency translation.
Non-Retirement Savings Accounts. An account maintained in Jersey (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of Jersey.
a) The account is subject to regulation as a savings vehicle for purposes other than for retirement;
b) The account is tax-favoured (i.e. contributions to the account that would otherwise be subject to tax under the laws of Jersey are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or taxation of investment income from the account is deferred or taxed at a reduced rate);
c) Annual contributions are limited to £15,000 or less, applying the rules set forth in paragraph C of section VI of Annex I for account aggregation and currency translation;
d) Contributions into the account can only be made by a resident of Jersey.
Non-Retirement Savings Accounts a) An account maintained in India (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of India.
i. The account is subject to regulation as a savings vehicle for purposes other than for retirement;
ii. The account is tax-favored (i.e., contributions to the account that would otherwise be subject to tax under the laws of India are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or taxation of investment income from the account is deferred or taxed at a reduced rate);
iii. Withdrawals are conditioned on meeting specific criteria related to the purpose of the savings account (for example, the provision of educational or medical benefits), or penalties apply to withdrawals made before such criteria are met; and
iv. Annual contributions are limited to $50,000 or less, applying the rules set forth in Annex I for account aggregation and currency translation.
b) An account established in India under the Senior Citizens Saving Scheme of 2004 to provide Indian senior citizens saving schemes and savings and deposits account.
Non-Retirement Savings Accounts. An account maintained in the Isle of Man (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Isle of Man.
a) The account is subject to regulation as a savings vehicle for purposes other than for retirement;
b) The account is tax-favoured (i.e. contributions to the account that would otherwise be subject to tax under the laws of the Isle of Man are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or taxation of investment income from the account is deferred or taxed at a reduced rate);
c) Annual contributions are limited to £15,000 or less, applying the rules set forth in paragraph C of section VI of Annex I for account aggregation and currency translation;
d) Contributions into the account can only be made by a resident of the Isle of Man.
Non-Retirement Savings Accounts. An account maintained in Belgium (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of Belgium.
a) The account is subject to regulation as a savings vehicle for purposes other than for retirement;
b) The account is tax-favored (i.e., contributions to the account that would otherwise be subject to tax under the laws of Belgium are deductible or excluded from the gross income of the account holder or taxed at a reduced rate, or taxation of investment income from the account is deferred or taxed at a reduced rate);
c) Withdrawals are conditioned on meeting specific criteria related to the purpose of the savings account (for example, the provision of educational or medical benefits), or penalties apply to withdrawals made before such criteria are met; and
d) Annual contributions are limited to $50,000 or less, applying the rules set forth in Annex I for account aggregation and currency translation.
