That will depend on where you’re living and what the tax laws are at the time. Generally speaking, because this savings plan is 100% in your name all the way through the plan, when your savings plan pays you back in future (when you make a withdrawal) it would be treated exactly the same for tax purposes as transferring money between two or your own bank accounts – it’s not “new” money, and wouldn’t be treated as “income” for tax purposes – it’s just like withdrawing money from a savings account. In some (certainly not all) cases, you may need to pay capital gains taxes on the difference between what you’ve paid in, and what you get out (profit), but this would only apply if your country of residence specifically requires it in law (most countries do not tax capital gains accrued outside their own jurisdiction). As always, to be 100% sure, check with a local tax specialist who is properly licensed to give advice in your specific location. Whilst the money is invested and growing inside your savings account, there are no taxes due, and no taxes will be deducted, because the Cayman Islands does not charge any income taxes or capital gains taxes on anyone – no taxes for citizens, no taxes for residents, and no taxes for anyone who chooses to domicile their assets there. No taxes will be deducted at course at any time, so your wealth is always growing tax-free, in a fully legally compliant structure, in one of the largest and best-regulated international financial centres. As a digital nomad, you can choose where to hold your assets – so go where you’re treated best, and hold your assets where your assets are treated best!