It is not only the life insurance to manage its assets. Zoom on the agreement of funding, a particularly useful tool for donations and to reduce the TFR.
Comparison is not reason. And yet, on paper, the contracts of capitalization seem to be the perfect replica of life insurance multi-support. With a fund in euros capital guaranteed, Mutual funds shares and bonds, or even of the stone paper. And also entry fees, management,arbitration, options galore, all the same you say… Logical, this product is built and managed by the insurers. As for the tax rules, they are identical on withdrawals, with a quasi-tax exemption after eight years of detention. Only difference, of size : to the death of the insured, the capital of the estate.
tax Benefits and good transmission tool
That caveat known, why sign a contract of funding rather than a life insurance ? These include, first, a reason of good sense : diversification. Too many investors are force-fed life insurance, taking the risk to their deaths to exceed the allowances of 152 500 euros per beneficiary), or even create conflict between beneficiaries and heirs if they feel aggrieved.
Open up some new horizons. Notice to persons liable for payment of the wealth tax : this investment is stated at its nominal value, therefore interest is not included. Insignificant in the first year, the tax savings grows over the years. Recall that the contract funding is not capped payment.
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Another plus, for everyone this time : this may be the subject of a donation, without loss of the grandfathered tax calculated from its underwriting. Better, the donation can be carried out in bare ownership. In this case, the subscriber retains the right to derive income from the contract up to the amount of interest generated. Thus, the large-parents who want to gratify their grandchildren, too often oriented towards the gift of a sum of money invested in a life insurance policy, should dig out the solution. In addition, this placement may show up, eventually, an instrument of transmission, more interesting than life insurance.
On the death of the policyholder, the contract of capitalization incorporates the estate for its value, of course with a possible taxation to key. But unlike life insurance, it is not automatically closed. The heirs can keep benefitting from its prior tax. An advantage that may prove to be very useful for the surviving spouse or children. A tip : take out as many contracts as you have heirs, it will facilitate their sharing and their free use by everyone.
Where can I find a contract of capitalization ?
In practice, where to get a contract funded ? You will not find in the banking networks to the general public, that the reserve to their clients in heritage, nor in the actors cooperative.
Go through the brokers of the Web or by advisors in wealth management independent. Has a few nuances, the conclusion is clear : the best contracts for capitalization are also the declination of the best life insurance contracts on the market.
Opt or not for the contract of funding ?
What to do
To reduce your tax on capital, the contract funding is interesting : you do not declare that its nominal value. It is a useful tool for donations to descendants, in particular, in bare ownership. If you have too much life insurance, the contract funding is required.
they are Also available for legal persons (companies), subject to conditions, with access to the funds in euros to manage the cash, even if insurers limit the investment on this medium (50 % at most in general).
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What not to do
In making an investment basic : start with life insurance, the taxation is more favourable to the death, and the offering of the contracts is far more developed. Do not purchase a contract with closed eyes : compare the financial offer, the quality of the fund, in euros, of the costs.