Belgian couple with savings accrued over the years and from inheritance wanting it to be consolidated into a tax efficient plan. They wanted to get a higher return than that offered by the bank and to beat inflation. They wanted it to be tax efficient and to then provide additional income in retirement, when they wanted to benefit from their years of work and start enjoying life more. They also wanted the option to have a plan that was adaptable should they choose to relocate to Spain later on, something that was quite probable as they would inherit a family owned house at some point. Security was paramount.
A Luxemourg domiciled Belgian compliant Branch 23 Insurance Contract was established in both their names. They then transferred their savings from their bank directly to the institution. A 2% premium tax was paid and the cash held in the plan was then invested into funds/ETF’s as per our model portolios within the couples risk preference.
This then provided:
