Life assurance promises expats in France good returns
24/06/09 18:04
The French investment vehicles known as Private Client Portfolio Bonds (PCPs) provide excellent long-term returns for your money, says the Connexion.
The expatriate newspaper says the savings schemes have no relation to normal life assurance and they act more like a tax-free savings plan.
Different from the UK's Individual Savings Accounts (ISAs), the schemes sometimes known as 'assurance vie' allow an unlimited amount of money to be hidden from the French taxation system.
The paper explains: "While the funds and any uninvested cash are held within the PCP, you will not incur any French income tax or capital gains tax or social charges, allowing the tax-free growth of your money."
Also, the publication notes that by holding a PCP an expatriate may be able to pass on more money to their spouse in the event of their death.
British expatriates are still entitled to some healthcare from the British government, but only for a limited time after their relocation.
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