LinNLin Posted November 17, 2004 Share Posted November 17, 2004 Can anyone tell me whether the payout from a mature English endowment policy would be treated as unearned income in France? We have three that mature early next year but none have made a profit. Logic tells me that the payout will be less than the premiums paid in and therefore will only consist of earned income - but is this how the French taxman will see it!! Many thanks,Lin Link to comment Share on other sites More sharing options...
Coral Posted November 19, 2004 Share Posted November 19, 2004 I do not know what type of endowment policy you have but the one that we had was paid out as a lump sum and for various reasons was classified as savings capital (with a capital loss!). Check this up with your financial adviser.Coral - soon to be in Ariege - I hope! Link to comment Share on other sites More sharing options...
LinNLin Posted December 9, 2004 Author Share Posted December 9, 2004 Having been to the Centre des Impots today, I can now answer my own question. I am posting the information in case it is of use to anyone else. If the policy was taken out before 1991 and the insured was under 70 at the time of starting the policy, then there is no tax to pay in France. Link to comment Share on other sites More sharing options...
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