Invest in civil real estate investment companies (SCPI) within the life insurance presents undeniable assets, even if the costs of the envelope dance the profitability of the placement.
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Real estate reassures in heckled period. The stone, a tangible placement, offers a long and exempt investment horizon from the stock market. It also makes an office of rampart in the face of inflation. This is why civil real estate investment companies (SCPI) are continuing their insolent growth. These products give access to rental real estate, often professional, without having to undergo the disadvantages of the selection of goods or rental management.
Accessible at a low price, they allow savers to invest in a diversified portfolio of real estate and to receive in return the share of the rents corresponding to their investment. A format that seduces!
According to the French Association of Real Estate Placement Companies (ASPIM), the SCPIs recorded a record collection of 5.2 billion euros in the first half of 2022. The enthusiasm of the French was reinforced by the good hold of the SCPI yields in recent years, despite the pandemic. In 2021, the latter reported 4.45 % on average, according to the Institute of Real Estate and Land Savings (IEIF).
The main drawback of SCPIs lies in their taxation. Rental income is indeed taxed according to the marginal tax tranche of the investor household and they also suffer the social security contributions of 17.2 %.
For a household taxed at 30 %, it is therefore almost half of the perceived dividends that are punctuated. And much more for households located in the highest slices of the scale. Life insurance represents an oasis for these highly taxed savers. Indeed, as long as the gains remain in the contract, they are not taxed. At the time of the exit, they benefit from the advantageous taxation of the envelope, which provides significant abatements after eight years of detention.
Life insurance presents two other sometimes unknown assets of savers.
First, the subscription commissions are often reduced. For a part worth 100 euros live, you can for example obtain it at 97 euros with the insurance envelope (the costs are integrated at the price price).
Then, by staying your SCPI in a life insurance contract, you do not support the time of enjoyment. “The latter corresponds to the deadline between the date of subscription of a SCPI and the moment when the saver can claim to perceive his first dividends”, defines Paul Bourdois, the founder of the broker France SCPI, in his work the SCPI for the dummies (First, 240 pages, 12.50 euros). It gives the management company time to invest money on the real estate market. It is generally between four and six months. In life insurance, it’s so much time – and money – saved for the saver.
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