Here are some of the most significant benefits that can be achieved through an endowment policy for people resident for tax purposes in France.
• No taxes during the term of the policy
• No tax on the purchase or sale of securities during the term of the policy.
• The customer defines the investment strategy and bank.
• No limit to deposits.
• Opportunity to add more insured persons.
• No EU taxes.
• No inheritance tax if the policy was set up before you moved away.
• No exit tax when you move. The policy can be cancelled at any time.
• The policy can be mortgaged and used as security for a new commitment.
• Payment at any time, no commitment.
• When paid up in France, only 7.5% tax on the policy’s growth in value for at least an 8-year term.