Viewing posts categorised under: France
Is my Assurance Vie flexible?
By Amanda Johnson
This article is published on: 14th February 2014
How flexible is my Assurance Vie, should my needs or circumstances change in the future?
When you take out Assurance Vie it is not only important that the money you put in is invested properly for your requirements and attitude to risk today, but that it can be managed, reviewed regularly and changed should your circumstances alter in the future.
Here are several questions you may want to consider when you when choosing or reviewing your Assurance Vie:
How do I change how the money is invested within my assurance vie?
During your annual review or should your circumstances change, it is important to be able to review your Assurance Vie and understand how it is performing. If it is not matching your requirements the mechanism for changing or swapping how your money is invested should be simple and not cost prohibitive.
How often can I change the contents of my assurance vie?
Flexibility to change how money is invested within your Assurance Vie, simply and inexpensively is important. You cannot predict when you may wish to change how your money is invested or encounter an unexpected need to withdraw some of it at short notice, so having a local financial planner who can manage this process simply and efficiently is a good idea.
How flexible is an Assurance Vie should I decide to leave France and live somewhere else?
It is important to ensure you are Assurance Vie portable should you wish to change your country of residence?
Do I understand the charges applicable to my Assurance Vie?
Whether you already have an Assurance Vie or are looking to take one out it is important to understand your obligations regarding applicable charges, taxes and social charges. It is worth noting that where & how your money is invested can have impact on social charges you are liable to incur.
At The Spectrum IFA group we firmly believe that your free financial health check is just the start of our ongoing commitment to your financial well-being. If you want to understand more about the options you have with an Assurance Vie, register for our newsletter, attend one of our road shows or speak to me directly, please call or email me on the contacts below & I will be glad to help you. We do not charge for reviews, reports or recommendations we provide.
Amanda Johnson
tel : 05 49 98 97 46 or 06 73 27 25 43
e-mail : amanda.johnson@spectrum-ifa.com
web: https://spectrum-ifa.com/amanda-johnson
March Financial Surgeries:-
- Thursday 13th March Café des Belles Fleurs, Fenioux 10.00 – 12 noon.
- Tuesday 25th March Pause Café, L’Absie 10.00 – 16.00
- Thursday 27th March Café Cour du Miracle Vouvant 11.00 – 15.00
- Friday 28th March Open Door Library, Civray 10.00 – 12 noon
Looking at financial stability throughout your yachting career
By Peter Brooke
This article is published on: 5th February 2014

05.02.14
While I have discussed strategies for individual investments, banking and insurance, I wanted to present what I believe to be the “Basic Rules,” which, if followed throughout your yachting career, will maximize your chances of financial success.
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- Have a bank account in the same currency as your income.
- Have other currency bank accounts if you spend considerable time in other currency jurisdictions.
- Use a currency broker account to move money between accounts; this gives you control and saves money on the exchange rate and commissions.
- Clear debts as soon as you can, especially those with high interest rates.
- Check the medical cover available to you from the yacht; offer to pay a small supplement if it doesn’t cover you during holidays or when not on board.
- Conceptually plan out different financial “pots:”
* Emergency: at least three months’ salary in a bank account (preferably six months)
* Education: when and how much (is it for the next course?)
* Spending money: limit yourself to a set amount each month
* Property purchase money: how much will you need for a deposit, and when
* Long-term money: 25 percent of your salary
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- Understand your tax residency status: Keep an accurate diary of where you spend your time. The places where you are most likely to be considered resident are:
* Your country of citizenship
* Where you own real estate
* Where you spend the most time
* Where your “dependent family” is based (your home)
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- Save at least 25 percent of your income for the long term; you don’t pay any social security. If you worked on shore, your salary would be at least 25 percent less due to this.
- Invest time in your own financial education. Read my column in Dockwalk every month, look at investment websites, learn about inflation, property leverage, risk and compound returns.
- If in doubt, take advice. Understand your limitations and build a team of trusted advisers in different fields; speak to other crew about what they do with their money (but don’t follow just one).
When you get to the time when you want to leave yachting (be it after 5 years or 25) it is great to be able to do so because of the way you have managed your own resources… many people cannot leave the industry at the time they want to because they have not taken control of their futures.
Follow every one of these simple rules and you I am certain that you will get the most out of your yachting career…and will leave it feeling that it not only gave you great memories and friends but helped you look forward to a long and fruitful second career or retirement.
This article is for information only and should not be considered as advice.
France’s Fight Against Tax Evasion
By Spectrum IFA
This article is published on: 3rd February 2014
As part of France’s continuing efforts to combat fiscal fraud, a new piece of legislation was enacted into law on 6th December 2013. This has far-reaching effects, including:
Criminal sanctions for serious cases of fiscal fraud are to be increased to a maximum of seven years imprisonment and a fine of €2 million, when the fiscal fraud is facilitated by:
- the use of foreign bank accounts or foreign life assurance policies;
- foreign entities, including trusts, set up outside of France;
- the use of false identity or false documents; or
- artificial or fictitious tax residency.
Undeclared monies held outside of France, whereby the taxpayer cannot prove the provenance, to be taxed at 60%.
If, as a result of failing to declare assets outside of France, a taxpayer does not make a wealth tax return because the ‘none inclusion’ of the assets indicates that they are under the wealth tax threshold limit (currently €1.3 million), the penalty is to be increased from 10% to 40% of the tax due.
The period during which the tax authority can take action to prosecute is to be increased from three years to six years.
As concerns trusts, legislation was already introduced in 2011, which has required the trustees to declare to the French tax authorities the existence of the trust with at least one of the following:
- French resident settlor;
- French resident beneficiary; or
- French situated assets – even if the settlor/beneficiaries are not living in France.
Since 2011, failure to declare the existence of a trust has resulted in a penalty of the greater of 5% of the value of the total assets of the trust, or €10,000. The new law increases the fine to 12.5% of the value of the total trust assets or if greater, €20,000.
In addition, a public register of trusts is to be established by the Minister of Finance. This will require full details of the trust to be published, including the name(s) of the trustees, the settlor and all of the beneficiaries, as well as the date of establishment of the trust. Therefore, the text of the law is wide and in effect, requires information concerning non-resident beneficiaries to be made public and may also require the names of potential beneficiaries to be published.
France, like many other countries, is targeting tax evasion more and more. Banks and insurance companies are required to report information to tax authorities about their clients and tax authorities around the world are exchanging information. The EU is also proposing to amend EU Directive 2011/16 to expand the field of the mandatory automatic exchange of information between tax authorities to include capital gains, dividends, bank account balances. Banking secrecy will clearly become a thing of the past!
It’s a fool’s game to try to hide assets and pretending not to be resident is not a good idea. One way or another, the taxman always finds out and the penalties can be very costly. It is much better to seek regulated advice from professionals who are registered here in France.
Does any of this concern you? Would you like to ensure that you and your potential beneficiaries do not pay any more tax on your financial capital and investment income than is necessary? If the answer to either of these questions is yes, then please contact me for a confidential discussion.
We are also now planning for our Spring Client Seminars. As always, there is no charge for any of our seminars and the speakers’ presentations are followed by a buffet lunch, so places must be booked in advance. The planned dates for the next local events are:
- 21st May at Castelnaudary
- 22nd May at Perpignan
- 23rd May at Montpellier
As the seminars are always very popular, early booking is recommended.
If you would like to discuss your financial situation, in confidence, or if you or you wish to attend one of the seminars, please contact me or by e-mail at daphne.foulkes@spectrum-ifa.com or by telephone on 04 68 20 30 17.
The Spectrum IFA Group advisers do not charge any fees directly to clients for their time or for advice given, as can be seen from our Client Charter at https://spectrum-ifa.com/spectrum-ifa-client-charter/.
Buying a second home as a summer retreat
By Tim Yates
This article is published on: 27th January 2014

27.01.14
You don’t have to be a millionaire to get in on the game. In Southern Europe, particularly in Italy, Spain and France, it is very common for people with ordinary incomes to buy second properties. “They [the French] use them as holiday homes and rent them out when they are not using them,” said Tim Yates, a financial adviser with the Spectrum IFA Group in Valbonne, southern France.
Click here to read the full article on BBC.com
French Residency – Dispelling the Myths
By Spectrum IFA
This article is published on: 22nd January 2014
French residency is a popular topic of discussion for expatriates when they get together in a social setting. So many times I hear people saying that they “choose” not to be French resident and just to be sure, they make sure that they do not spend more than 183 days a year in France. Come April/May time, the chatter on this subject increases. So too do the differences of opinion, mostly about whether or not someone should complete a French income tax return.
Well to dispel the first myth – residency is not a choice per se. Based on the facts, you are either French resident or not.
The rules on French residency are really quite straightforward – although admittedly some cases are not! For example, take a couple who are lucky enough to have a property in each of France, the UK and Spain. None of the properties are rented to tenants and so all are available for their own personal use. Every year, they spend five months a year in France, four months in the UK and three months in Spain. They receive pensions from sources outside of France and most of their financial capital is in offshore bank deposits in the Channel Islands. They also have current bank accounts in each of the three countries.
Where are they resident – well the simple answer is “France”. Why – because this is where they spend most time in a year.
Hence, the second myth of the perceived ‘183 day rule’ is also dispelled.
When anyone has interests in various countries, it is often found that they satisfy the internal criteria for residence of more than one country. Understandably, this can be confusing. In France, you only have to satisfy one of the following four conditions and you will be resident in France:
(1) France is your ‘home’: If you have property in France and another country, but the latter is not available for your personal use (for example, because it is rented to tenants), then France is your home.
(2) France is your ‘centre of economic interest’: Generally, this means where your income is paid from. In addition to pension, salaries, etc., this can include bank interest and other investment income.
(3) France is your place of ‘habitual abode’: Notably, no reference is made in the law to the number of days that you actually spend in France and this is where many people are caught out, believing that if they do not spend at least 183 days in France, then they can decide that they are not resident. This is not the case and your place of ‘habitual abode’ is, quite simply, where you spend most time.
(4) Nationality: If your residency has not been established by any of the above points, then it will be your nationality that determines your residence, however, this is very rare.
As a French resident, you are obliged to complete an annual income tax return and must declare all your worldwide income and gains (even if the income is ultimately taxable in another country). In addition, depending upon the value of your assets, you may also need to complete a wealth tax return.
Thankfully, there are Double Taxation Treaties (DTTs) existing between France and all the EU States (and also with many other countries in the world). For anyone with interests in more than one country, the existence of a relevant DTT is very important. This is because a DTT sets out the rules that apply in determining which country has the right to tax your various sources of income and assets, with the aim of avoiding double taxation.
However, France does not have DTTs with the popular offshore jurisdictions of, for example, the Channel Islands and the Isle of Man. Hence, for any French resident with bank deposits in these jurisdictions, where withholding tax is being charged on the interest, there is no mechanism to offset this against the French income tax that is also payable. Probably the best thing to do to avoid paying tax twice on the same source of income is to shelter the financial capital within an investment that is tax-efficient in France. Notwithstanding this, as everyone’s situation is different, it is also very important to seek independent financial advice before taking any action.
Inheritance taxes should also not be overlooked. As a French resident, you are considered domiciled in France for inheritance purposes and your worldwide estate becomes taxable in France, where the tax rates depend on your relationship to your beneficiaries. However, there are some DTTs on inheritance taxes between France and other countries (although nowhere near as extensive as the number of DTTs that exist for other taxes). Again, it is important to seek advice on your own personal situation because it is my experience that ‘one size does not fit all’.
In summary, French residency is a fact and not a choice. However, by seeking advice, action can be taken to mitigate your future personal French tax bills, as well as the potential French inheritance tax bills for your beneficiaries.
The above outline is provided for information purposes only and does not constitute advice or a recommendation from The Spectrum IFA Group to take any particular action to mitigate the effects of French tax legislation. Hence, if you would like to have a confidential discussion about your personal situation, please do not hesitate to contact Daphne Foulkes by e-mail at daphne.foulkes@spectrum-ifa.com or by telephone on + 33 (0)4 68 20 30 17.
TSG Insurance Services S.A.R.L. Siège Social: 34 Bd des Italiens, 75009 Paris « Société de Courtage d’assurances » R.C.S. Paris B 447 609 108 (2003B04384) Numéro d’immatriculation ORIAS 07 025 332 – www.orias.fr « Conseiller en investissements financiers, référencé sous le numéro E002440 par ANACOFI-CIF, association agréée par l’Autorité des Marchés Financiers»
French Tax Changes 2014
By Spectrum IFA
This article is published on: 3rd January 2014
During December, the following legislation has entered into force:
- the Loi de Finances 2014
- the Loi de Finances Rectificative 2013(I)
- The Loi de Financement de la Sécurité Sociale 2014
Shown below is a summary of our understanding of the principle changes.
INCOME TAX (Impôt sur le Revenu)
➢ The barème scale, which is applicable to the taxation of income and to gains from financial assets has been revalued as follows:
Income |
Tax Rate |
Up to €6,011 |
0% |
€6,012 to €11,991 |
5.5% |
€11,992 to €26,631 |
14% |
€26,632 to €71,397 |
30% |
€71,398 to €151,200 |
41% |
€150,201 and over |
45% |
➢ The décote – which is the tax deduction granted to low taxpaying households – has been increased from €480 to €508.
The above will apply in 2014 in respect of the taxation of 2013 income and gains on financial assets.
➢ An ‘exceptional solidarity tax’ for high earners has been introduced for a two year period. This will apply in respect of taxpayers who are in receipt of a ‘salary package’ of at least €1 million. This extra tax will be payable by the employer (rather than the employee), at the rate of 50% of the amount exceeding €1 million, but limited to 5% of the business turnover for the relevant year.
Wealth Tax (Impôt de Solidarité sur la Fortune)
The government had proposed to include income accrued within capitalisation bonds and life assurance products, which is subject to the deduction of social contributions on an annual basis (typically interest accrued on fonds en euros) in the revenue of the taxpayer to be used for calculating the ‘ISF cap’ of 75% of income. However, this proposal was censored by the Constitutional Council and therefore, there are no changes to wealth tax.
CAPITAL GAINS TAX – Financial Assets (Plus Value Mobilières)
The taxation of capital gains arising from the sale of securities held by individuals has been revised and will be taxed at the progressive rates set out in the barème scale above, after the deduction of an allowance, as follows:
➢ 50% for a holding period from two years to less than eight years; and
➢ 65% for a holding period of at least eight years.
The above allowances also apply to gains arising from the sale of shares in ‘collective investments’, including investment funds, providing that at least 75% of the fund is invested in shares of companies.
Furthermore, to encourage investment in new small and medium enterprises, higher allowances against capital gains for investments in such companies will be provided, as follows:
➢ 50% for a holding period from one year to less than four years;
➢ 65% for a holding period from four years to less than eight years; and
➢ 85% for a holding period of at least eight years.
The above provisions apply in 2014 in respect of the taxation of gains made since 1st January 2013.
CAPITAL GAINS TAX – Property (Plus Value Immobilières)
➢ For sales of property (i.e. maison secondaire) – residents of France
With effect from 1st September 2013, taper relief is granted against the capital gain as follows:
➢ 6% for each year of ownership from the sixth year to the twenty-first year, inclusive; and
➢ 4% for the twenty-second year.
Thus, the property will become free of capital gains tax after twenty-two years of ownership.
However, for social contributions (currently 15.5%), a different scale of taper relief applies, as follows:
➢ 1.65% for each year of ownership from the sixth year to the twenty-first year, inclusive;
➢ 1.6% for the twenty-second year; and
➢ 9% for each year of ownership beyond the twenty-second year.
Thus, the property gains will become free of social contributions after thirty years of ownership.
Furthermore, in order to encourage activity in the property market, an exceptional reduction of 25% of the taxable capital gain will be allowed for sales completed during the period from 1st September 2013 to 31st August 2014. Thus, this exceptional reduction would reduce both the capital gains tax and the social contributions liabilities. However, the exceptional reduction is not available to properties transferred between spouses and partners who have entered into a PACS, nor to ascendants or descendants.
For sales of building land:
As was widely publicised, the government had proposed to abolish the taper relief on sales of building land with effect from 1st January 2014. However, this was censured by the Constitutional Council
Therefore, the same taper relief rules apply as indicated above for second properties; however, these are effective from 1st January 2014 (rather than 1st September 2013).
The exceptional reduction of 25% of the capital gain does not apply to sales of building land.
For sales of property (i.e. maison secondaire) – non-residents of France
With effect from 1st January 2014, different rules apply for non-residents. It will now be possible to claim an exemption of up to €150,000 of the gain, in respect of one property, subject to the following:
➢ that the owner was fiscally resident in France for at least two complete years at some point prior to the sale of the property; and
➢ that he/she is resident in an EU or EEA country, or in a country or territory which has entered into a full agreement with France to combat fraud and tax evasion, at the time of the sale of the property.
Furthermore, if the property is not available for the owner’s use (i.e. it is let), the sale must take place prior to 31st December of the fifth year of the owner leaving France. However, there is no time limit if the property has been continuously available for the owner’s use since at least 1st January of the year prior to the sale.
Reform of the Plan d’Epargne en Actions (PEA)
With effect from 1st January 2014, the following changes have been made:
➢ The maximum amount that can be invested in a “classic” PEA has been increased from €132,000 to €150,000; and
➢ To encourage more households to invest in small and medium enterprises, the “PEA-PME” has been created into which the maximum amount that can be invested is €75,000 per taxpayer in the household.
Assurance Vie
➢ Previously, for amounts invested before age 70, on the death of the insured person each beneficiary would have be liable to fixed rates of tax on amounts exceeding an abatement of €152,500, as follows:
➢ 20% on the portion of the benefit up to €902,838; and
➢ 25% on the amount exceeding €902,838.
With effect from 1st January 2014:
➢ The amount of €902,838 is reduced to €700,000 and the 25% tax rate is increased to 31.25%.
Death benefits paid to a spouse, or to partner linked by a PACS, remain free from the above taxes.
➢ To encourage more households to invest in small and medium enterprises, a new type of assurance vie contract is introduced – “euro-croissance” or “vie-génération”. In recognition of the greater investment risk with this type of investment, an additional 20% tax allowance will be given against the benefit payable on death, before the abatement of €152,500 is applied.
➢ Previously, for old assurance vie contracts, which were set up prior to 25th September 1997 and relative to premiums paid by 31st December 1997, the social contributions were calculated at the applicable rate according to when the gain was made. This treatment was favourable, as the social contributions rate has varied from 0.5% to 15.5%. For the future, the full rate of 15.5% will apply to the total amount of the gain.
Reporting Requirements
The reporting requirements relating to bank accounts and investments established outside of France have been strengthened. Whilst it is already the case that the existence of foreign assurance vie had to be reported, it was not necessary to disclose the value of the investment, unless the taxpayer was subject to wealth tax. For the future, it will be necessary to report the surrender value or the amount of any guaranteed capital, as at 1st January of the year of the declaration, as well as any amounts invested during the previous year.
Failure to report the information will result in a fine of €1,500 per contract not reported. Furthermore payments made from abroad into undeclared contracts will be treated as taxable income in the year that the payment was made.
2nd January 2014
This outline is provided for information purposes only. It does not constitute advice or a recommendation from The Spectrum IFA Group to take any particular action to mitigate the effects of any potential changes in French tax legislation.
If you would like to discuss how these changes may affect you, please do not hesitate to contact your local Spectrum IFA Group adviser.
TSG Insurance Services S.A.R.L. Siège Social: 34 Bd des Italiens, 75009 Paris « Société de Courtage d’assurances » R.C.S. Paris B 447 609 108 (2003B04384) Numéro d’immatriculation ORIAS 07 025 332 – www.orias.fr « Conseiller en investissements financiers, référencé sous le numéro E002440 par ANACOFI-CIF, association agréée par l’Autorité des Marchés Financiers»
Use the tax structures in France to their full potential
By Spectrum IFA
This article is published on: 2nd January 2014
This is my first article of 2014, so Happy New Year everybody. Let’s hope it’s a good one, without any fear. (John Lennon, 1971)
I’m feeling a bit ‘wordy’ this week, so I thought it might be a good idea to use someone else’s instead of my own (perhaps I should do that more often). I saw this very interesting quote whilst browsing the net over the Christmas break:
‘If you think education is expensive, wait until you see how much ignorance costs in the 21st century’ – Barack Obama, 2013
OK, before we start to discuss this in context, there will be many of you I’m sure who will be up in arms shouting ‘That isn’t an Obama quote, that was written by Derek Bok of Harvard University’ Wrong. Actually it started life as part of a newspaper article in New York in 1913, but that’s another story. Barack Obama most definitely did say this in 2013. He didn’t have UK expats living in France in mind at the time, I’m sure, but I’m not going to let that stop me hijacking his words to my own ends.
The fairly obvious point here is that ignorance is not bliss; in fact it can be painfully expensive, and that does apply to UK expats living in France. The plain and simple truth is that unless you take steps to understand and use the tax structures in France to their full potential, the resulting tax bill to you, or your children or any other intended beneficiaries can be amazingly high. The French would never fall into these traps, so why should we? The answer is ignorance, laced with a liberal dose of laissez-faire.
Education is where I come in. I can teach you how to navigate the minefield that occupies the territory between the UK and French tax systems. I can show you how to structure your investments to ensure you enjoy maximum tax efficiency. All that means is making sure that you pay all the tax you have to pay, but not a centime more. Tax evasion is a fools game; the real deal is to make sure that you’re not paying more than your fair share of tax.
This can mean spending some pounds or Euro along the way. Very often you will need to invest via an insurance based tax wrapper. I know we’re verging on the technical here, but I can explain to you how it all works. You may well need the wrapper. It costs money but it can repay you many times over; possibly scores or hundreds of times over. It also treats everybody fairly, as the cost is on a percentage basis. Think of it this way, if you own a fleet of vintage cars you’ll need an impressive amount of garage space to protect them from the weather and all other manner of risk. If all you have is a motorbike, a garden shed will do the job. It doesn’t matter whether you have £20,000 or £20,000,000 to invested in the UK or sitting around in bank accounts anywhere. Every one of these pounds or Euro has the right to be protected from tax and given a fair chance to grow to as great a degree as possible.
And while we’re on a ‘quote’ theme, here’s another one for you:
‘It’s almost impossible to verify quotes found on the internet’ – William Shakespeare
A real forward thinker our Bill, obviously. My interpretation of what he (or whoever did write it) means is that you should under no circumstanced take what you read on the net for gospel. Just as you should not rely on your neighbour who ‘knows about these things’ or that nice couple you met at a dinner party last week. Place your trust in people who are professionals; registered and regulated here in France.
PS: As I’m putting the finishing touches to this I’ve just seen a rival newsletter from that small rotund Norman person, and blow me down, Mary T is quoting from the same John Lennon song. Shows we must be on the same wavelength I suppose, and there’s room for everyone. Happy New Year!
TSG Insurance Services S.A.R.L. Siège Social: 34 Bd des Italiens, 75009 Paris « Société de Courtage d’assurances » R.C.S. Paris B 447 609 108 (2003B04384) Numéro d’immatriculation ORIAS 07 025 332 – www.orias.fr « Conseiller en investissements financiers, référencé sous le numéro E002440 par ANACOFI-CIF, association agréée par l’Autorité des Marchés Financiers»
Are you sure your bank accounts covered by the €100,000 government guarantee?
By Graham Keysell
This article is published on: 2nd January 2014
Graham Keysell of the Spectrum IFA Group is increasingly concerned about the safety of some expats’ investments.
Keysell says “I am extremely alarmed at the number of people I’m meeting who have been persuaded to invest in ‘Comptes Titres’. These accounts are designed for those who want to actively trade in shares, funds, bonds, etc. in a tax efficient manner. For whatever reason, people think that they are ‘high interest deposit accounts’ which they are definitely not.”
“Even worse, these people have unwittingly left it to their banks to decide on where the money is invested. This is invariably in bonds in the banks concerned and occasionally in shares in these banks”. He continues, “With the prevailing uncertainty in financial institutions, would any of these people have knowingly lent money to a bank or bought bank shares? You only have to look to what’s happening to bondholders in the Co-op bank to appreciate the danger. ”
With the meagre interest rates on offer for ‘classic’ bank accounts, it is no surprise that investors are attracted by quoted returns which can exceed 5% per annum. This is what a bank bond may pay out over 5 or 7 years.. The attraction is obvious, but he has yet to meet anyone who understands the risks they are taking.
“I have met elderly widows who have been persuaded to invest their life’s savings in these ‘Comptes Titres’. Nobody has explained to them that these are not covered by the €100,000 French government guarantee. If you read the small print, it is absolutely clear that investors in bank bonds will be the last to be paid out if the bank becomes insolvent. It is obvious that shareholders are also risk losing some or all of their money. I have no doubt that some people could be financially ruined if they have the majority of their savings in these accounts”
He continues “My own French step-son was advised to invest in such an account. I asked him to phone his ‘counsellor’ at the bank and she assured him that the government guarantee applied. It was only when I showed him the ‘small print’ in the Terms & Conditions that he changed his mind.”
For those people who have invested in these accounts and are worried about their exposure to risk, the solution is not obvious. The price they paid for the bonds is frequently higher than the price they can now be sold for. Keysell’s advice is to check the current value online before taking any decision about whether they want to sell some or all of their holdings in these accounts.
TSG Insurance Services S.A.R.L. Siège Social: 34 Bd des Italiens, 75009 Paris « Société de Courtage d’assurances » R.C.S. Paris B 447 609 108 (2003B04384) Numéro d’immatriculation ORIAS 07 025 332 – www.orias.fr « Conseiller en investissements financiers, référencé sous le numéro E002440 par ANACOFI-CIF, association agréée par l’Autorité des Marchés Financiers»
Financial Peace of Mind
By Amanda Johnson
This article is published on: 13th December 2013
Are you thinking about what to give your family & loved ones for Christmas? How about financial peace of mind!
As we approach the season of goodwill, many of us think about how we can help our families more. Whilst you are our choosing presents or perhaps arranging to spend the festive period with your nearest & dearest there is something you can do which may give them peace of mind well into the future. You can arrange for a financial review with me, which is free & provides the following benefits:
Peace of mind for you
Your financial review will look at your current financial situation and help you ensure that all investments are working for you in the most productive and tax efficient way, whilst taking into consideration your own risk profile
Peace of mind for your children
We will look at your potential inheritance tax obligation & ways to keep this to an absolute minimum
Peace of mind for all of your dependents
There are many options available for your investments or UK private pensions that can provide a more efficient & tailored way to pass money onto your dependents in the event of your death
If you want to know more about these areas you can either drop in to the Café des belles Fleurs in Fenioux where I hold a financial surgery on a Thursday morning, come and see me at Open Door in Civray last Tuesday morning in the Month, register for our newsletter or speak to me directly. Please call or email me on the contacts below & I will be glad to help you. We do not charge for reviews, reports or recommendations we provide.
Have a fabulous Christmas & New Year from all at The Spectrum-IFA Group
TSG Insurance Services S.A.R.L. Siège Social: 34 Bd des Italiens, 75009 Paris « Société de Courtage d’assurances » R.C.S. Paris B 447 609 108 (2003B04384) Numéro d’immatriculation ORIAS 07 025 332 – www.orias.fr « Conseiller en investissements financiers, référencé sous le numéro E002440 par ANACOFI-CIF, association agréée par l’Autorité des Marchés Financiers»
Fact or Fiction
By Amanda Johnson
This article is published on: 5th November 2013
There are so many differing thoughts and views on Expat forums and websites, how do I know what is fact and what is opinion?
Living permanently in France, one thing I notice is the vast amount of information available for expats. Whether on the internet via websites and discussion forums, or as printed media, such as The Vendee Magazine, there is always information and opinion for any specific queries you may have.
The hardest task I find is sifting through the raft of varied opinions and recommendations, to get to the facts which will help me choose the path which is right for me. If I want an electrician or heating engineer to look after my house, I will look for someone whose business is registered to provide the service I want and has a proven track record in this industry. I am sure most of you would do the same?
Managing your finances is another key area where you want to be sure the information you receive is accurate, up to date and provides you with the professional peace of mind you need to protect your assets. The Spectrum IFA Group’s French company, TSG Insurance Services S.A.R.L. is regulated in France by ANACOFI-CIF and ORIAS (see our website for details of these organisations) to provide financial advice. Our free financial consultation means that you do not have to spend your valuable time separating fact from opinion when ensuring your estate is as tax efficient as possible.
When it comes to keeping abreast of changes to French financial legislation you can always register for the Spectrum IFA Group’s regular newsletter. It will provide details on changes in the law and the impact this could have on you, as well as bringing you details on financial road shows which you can attend and hear from many leading financial organisations first hand.
Whether you want to register for our newsletter, attend one of our road shows or speak to me directly, please call or email me on the contacts below & I will be glad to help you. We do not charge for reviews, reports or recommendations we provide.
TSG Insurance Services S.A.R.L. Siège Social: 34 Bd des Italiens, 75009 Paris « Société de Courtage d’assurances » R.C.S. Paris B 447 609 108 (2003B04384) Numéro d’immatriculation ORIAS 07 025 332 – www.orias.fr « Conseiller en investissements financiers, référencé sous le numéro E002440 par ANACOFI-CIF, association agréée par l’Autorité des Marchés Financiers»