Grecian Posted January 30, 2009 Share Posted January 30, 2009 I know this topic has been ‘done to death’, and apologise for bringing it up again, I have searched all the archived threads, but there are still some elements of the products I can’t get my head around. Any help would be most appreciated. Livret A, pretty clear on this one I think, limited to 15,300 euros per person, interest rate to be 2.5% from the 1st February, and is both free of income tax and social charges, and can be operated as an instant access account. Hope I have got that right. Assurance Vie and PEA’s, I can get my head round the tax and social charge structuring, i.e. you will pay income tax and social charges on any withdrawals in the first 8 years, no problem. Now the waters start to muddy a bit, I have read that there are different types of these products available: share based, unit trusts and a cash safe product. Also self-select options or products provided by the bank the products are taken out through. Here come the questions. How does the cash safe product work? I have found some of these on the Internet offering 5% guaranteed for the whole of 2009, are they totally safe? Self-select option, can shares, oiecs and unit trusts from the UK be placed within the Assurance Vie, i.e. say a fund from Invesco for instance, or are you restricted to only buying French funds? I have also read somewhere that existing UK based funds can be transferred into either Assurance Vie or PEA’s, is this correct please? Link to comment Share on other sites More sharing options...
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