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French Finance
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 21/05/2008, 12:01
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gjp23
Joined on 13/09/2004
Posts 16
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Does an Assurance Vie offer similar advantages to ISAs?
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I'm getting close to my chosen retirement date, and a move across to France, where we already have a mortgage free home. If I was to remain in the UK, I would expect to draw tax free income from my ISA, which would keep me going until my company and state pensions kick in. Given that the tax free status of ISAs are not recognised in France, are there French options I should be considering? I believe that an Assurance Vie is some kind of tax efficient wrapper but I'm struggling to find detailed information.
Regrettably, enquiries to certain 'professionals' in this area, who regularly advertise in Living France and France magazines, have not solicited any response.
All help, pointers etc. gratefully received. Thanks.
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22/05/2008, 16:10
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tinabee
Joined on 24/09/2007
61 Orne
Posts 52
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Re: Does an Assurance Vie offer similar advantages to ISAs?
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23/05/2008, 13:26
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gjp23
Joined on 13/09/2004
Posts 16
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![Smile [:)]](/cs/images/emotions/smile.gif)
Re: Does an Assurance Vie offer similar advantages to ISAs?
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Thanks TB. I'll go do some reading
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23/05/2008, 16:44
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tinabee
Joined on 24/09/2007
61 Orne
Posts 52
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Re: Does an Assurance Vie offer similar advantages to ISAs?
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08/06/2008, 9:12
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chessfou
Joined on 15/11/2005
Aveyron
Posts 368
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Re: Does an Assurance Vie offer similar advantages to ISAs?
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If you are talking about MAXI ISAs as opposed to cash ISAs, then the French "equivalent" is the PEA - Plan d'Epargne en Actions.
Big differences cf ISAs:
- you can put in up to €130,000 (actually 132 or 134; in one lump or over time);
- gains only become fully tax free (even then subject to 11%) after (memory) 8 years (5 years is also significant).
If you Google Plan d'Epargne en Actions, you'll find loads of stuff. The main French on-line brokers (Boursorama and Fortuneo) are good sources of information as well as the obvious candidates if you choose to go down this route (I chose Fortuneo a couple of years ago - mainly because they seemed to be better and cheaper for LSE stocks), especially if you are going "self-select."
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11/06/2008, 22:02
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gjp23
Joined on 13/09/2004
Posts 16
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Re: Does an Assurance Vie offer similar advantages to ISAs?
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More French reading for me! But it really does look as if there are some valid alternatives out there. I had not heard of this one before.
Thanks chesspou, it's much appreciated.
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France Forum » Legal and Finan... » French Finance » Does an Assurance Vie offer similar advantages to ISAs?
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