Why Should I have an Assurance Vie?

I wrote an article back in 2021 which you can read here.  I just wanted to offer a reminder of the 10 most important reasons why you should consider having an Assurance Vie whilst living in France:

1. Tax Efficiency: Assurance vie allows for tax-deferred growth on income and gains while the funds remain within the policy.
2. Flexible Investment Options: With my help and planning you can choose from a variety of funds, including equity, bond, and special products, allowing for a diversified investment strategy.
3. Access to Capital: You have full access to your capital at all times, with the option to take regular income withdrawals (possibly subject to an early exit penalty in the early years).
4. Inheritance Planning: Assurance vie is highly effective for inheritance planning, allowing policyholders to designate beneficiaries and providing significant tax-free allowances.
5. Long-Term Savings: It serves as a viable alternative to traditional pension plans, offering flexibility in saving for retirement.
6. Potential for Higher Returns: By investing in unit-linked funds, there is potential for higher returns compared to traditional savings accounts.
7. Social Charges on Gains: Only the gain element of withdrawals is subject to social charges, which can be advantageous compared to other investment vehicles.
8. International Options: International assurance vie policies offer additional benefits, such as investment in multiple currencies and broader investment choices.  We offer these at Spectrum meaning if you move country your Assurance Vie is often portable.
9. Adaptability to Risk Tolerance: We offer regular reviews so can switch funds as your circumstances or attitudes toward investment risk change.
10. Tax-Free Allowance After Eight Years: After eight years, gains can be offset against a tax-free allowance of €9,200 for couples or €4,600 for singles, enhancing tax efficiency.

You can now book a 30 minute zoom meeting with me (at your convenience) by clicking here.