assurance vie

shiredeon

does anyone know if a portfolio of uk funds/shares can be held in an assurance vie.

cheerfulcat

shiredeon, why don't you telephone Blevins Franks and ask them? They seem to specialise in just what you need...Have you taken any professional advice yet?

EdInvestor

You might like to try the forums here:

http://www.taxationweb.co.uk/forum/

They have specialist tax experts.There is an article on French tax there as well.

shiredeon

cheerfulcat wrote:

shiredeon, why don't you telephone Blevins Franks and ask them? They seem to specialise in just what you need...Have you taken any professional advice yet?

Yes i've had a chat, i guess they'll be more forthcoming when the cheque
clears, i've been looking at euro based shares but they don't seem to perform that well, assurance vie's based in luxumberg seem to be popular.

cheerfulcat

Hi, shiredeon,

I suspect that your best bet will turn out to be leaving this in the hands of the pros. I am the first to advocate the DIY approach where appropriate but I really think you could do something here that you might be sorry for in years to come.

You don't have to concentrate on European markets, in fact I would say it would be a better idea to have a wide geographical spread. What you don't want is an income paid entirely in a different currency, which is what a UK based HYP would give you. Assuming that the assurance vie operates similarly to an insurance bond here, your " income " will come from encashing units in the fund, rather than from taking the natural income arising ( dividends ).

I would be very interested to see what advice you get, if you don't mind posting it.

EdInvestor

It seems there is something called a PEA

shiredeon

of course i'll keep you informed, cheers, nick

blcout355

Awesome, thanks!

assurance vie 0

terryjeck

Thank you a lot, EdInvestor

assurance vie multisupport

aristote33

Just wondering where a French assurance vie contract fit into the Foreign pages of a tax return, for a French expat ordinarily resident in the UK.

If the revenue of the sum within the assurance vie (multi-support) are re-invested within the assurance vie contract, it does not attract any French tax in France. How does it work with HMRC in the UK? Where do they want that to appear? Is it still going to attract any HMRC taxation?

Found this information:
"For example, assuming you do not make any withdrawals there are no French income or capital gains taxes to be paid if the income and gains are accumulated within the policy."

But surely HMRC want to know about that anyway, don't they?

Thank you very much in advance.