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Any day now we will receive our tax refund for the dividend year 2020 on our endowment insurances with both Avanza and Nordnet.

As I wrote about earlier, we now also receive the deducted withholding tax at our endowment insurances with Nordnet calculated on a flat rate at the end of the following month.

For dividends carried out at our endowment insurances with Nordnet up to and including 31 December 2022 will be refunded according to Nordnet's previous model. Which means that withholding tax for dividends for the year 2021 will be paid in 2024 and dividends for the year 2022 will be paid in 2025.

Avanza on the other hand will use a different model. They will refund the foreign tax in February/March of the following year. However, Avanza makes an exception and also refunds the tax for both 2021 and 2022 this year.

All tax refunds plus dividends for March will mean a large liquidity supplement for us.