The Lowest Cost Assurance Vie In France
LEARNING OBJECTIVES
We provide high quality, relevant and up-to-date advice to British Expats in France.
IN THIS ARTICLE, YOU WILL LEARN THE FOLLOWING
What an Assurance Vie is
The lowest cost options available for British Expats
How an Assurance Vie can reduce your taxes in France
Vital considerations when choosing an adviser
Taking An Assurance Vie For British Expats
If you are a British expat living in France, the Assurance Vie could be a great investment option which also brings tax benefits. More than just a life insurance policy- this is essentially an investment account which provides both insurance coverage as well as potential investment return.
The Assurance Vie offers considerable tax benefits to policyholders, the majority of which are applied after the investment is held for 8 years. This financial product has been specifically designed with expats in mind, providing you and your beneficiaries with financial protection and investment growth.
The policy is perfect for those who have moved to France and obtained residency, seeking to stay long-term. As France is known for its high income tax rates and additional social charges, this is a fantastic tool for expats to begin investing in France, whilst protecting their wealth in the most tax efficient manner.
The Lowest Cost Assurance Vie Available
As The Wealth Genesis is fully independent, we can give unbiased advice on the whole market - finding you the most affordable Assurance Vie options and the most appropriate for your wealth goals.
Because we offer a flat-fee service, we are able to offer you the lowest cost Assurance Vie in France, beating the prices of French banks and other expat financial services.
Our fees are competitive and transparent, ensuring that you get the most value from your investments. We focus on keeping costs low, with regular monitoring of your investments to provide strong and consistent returns.
What Are The Benefits Of The Assurance Vie?
One of the biggest benefits of the Assurance Vie is the tax perks, as you wont need to pay tax on any growth or income from the policy until you withdraw your money.
After 8 years, you will be able to withdraw €4,600 per year tax-free. (If you decide to withdraw more than this, or before the 8 year mark, you will have to pay some tax, but the rates will be lower if you have held the policy for some time).
With this policy, you are able to invest in stocks, bonds and savings accounts whilst also getting life insurance coverage. It also offers great flexibility, with a lot of choice when it comes to how you invest your money, depending on how much risk you would like to take. You are also able to withdraw your money whenever you choose to (though this may result in some fees or taxes).
Most Assurance Vie accounts come with the option of professional management services, meaning that experienced fund managers and investment specialists will oversee and advise on the investments in your account.
Assurance Vie For Estate Planning
This is a great tool for expats who want to pass wealth on to their loved ones whilst avoiding as much inheritance tax burdens as possible. If you set up an account before you are 70, you can leave up to €152,500 to your heirs without them having to pay French succession tax.
You also have the option of naming beneficiaries of your Assurance Vie. In the event of your death, the account – and the tax advantages which comes with it- will be passed on to your heirs.
Investment Advice for Expats In France
Navigating the complex financial and tax systems in France as an expat can be difficult, but there are solutions available.
The Wealth Genesis is committed to helping our clients achieve long-term financial success with transparency and without unnecessary costs. All our advisers are regulated and experienced with helping expats grow and protect their wealth.
