HELPLINE: 
A flexible assurance vie with a 20% edge
The situation. French residents using discretionary portfolio managers often lose 20% of their fees to unrecoverable VAT. That’s €2,000 lost on a €10,000 management fee. APEX, from UTMOST Ireland, solves this problem.
The advantage. APEX is a whole-of-life, open-architecture assurance vie policy. It provides cover for the remainder of your life and upon death a lump sum is paid out.
Supporting a range of investments, multi-custodian setups and external managers, no VAT/TVA applies on asset manager fees within the policy. That’s a 20% gain.
How it works. UTMOST Ireland, as an insurer, invoices and absorbs the VAT under Irish rules. This allows investors to benefit from the full policy value, resulting in improved net performance and simplified administration.
Main message. APEX is ideal for high-net-worth individuals in France who want tax deferral, flexibility and to eliminate non-recoverable VAT on management fees.
Interested? Reach out to explore how this VAT-efficient wrapper could boost your portfolio performance.