I need to know the difference between PEA and assurance vie, especially regarding taxation. I am a tax resident of France and work as a "travailleur independent". My French is lousy, so I need an explanation in English. Thanks
2006-07-30 19:55:30 · 1 answers · asked by Lance R 2 in Business & Finance ➔ Investing
It's quite complicated, and I would suggest taking financial advice. PEA is broadly similar to a UK share-based ISA: subject to certain limitations it's a tax-free investment. Assurance-vie, assuming you mean a term assurance type rather than one which pays out on death, also has some tax advantages but with different restrictions to a PEA. The best one for you will depend on which set of restrictions you can live with the best. Obviously, both are long term investments - if you think you might need the money back in less than 5 years they're probably not the best vehicles.
2006-07-30 20:45:18 · answer #1 · answered by Graham I 6 · 0⤊ 0⤋