Asset management 2025: tips for optimizing your investments and taxes

Through its partnership with Savinianne, a financial investment consultancy firm, Gerep aims to provide you with useful advice for your professional and personal assets.

On the agenda: a market opportunity, an incentive to act in 2025 as a taxpayer, and a high-yield diversification solution for structures with long cash flow.

The era of the gold rush?

In 2025, the context will help gold regain its lustre as a safe-haven asset.

Gold prices follow, but with a delay. With production costs under control (energy is low) and sales accelerated by this unforeseen selling price, the leverage effect on earnings is predictable. The 2025 increase does not yet take this into account.

In the autumn of 2025, the trend is becoming more pronounced, with the dollar's decline leading to a search for other safe havens. In fact, the scenario for the year 2025 now seems set.

An opportune conclusion to draw for your investments: take or strengthen exposure to gold mining funds, for example, in your life insurance or retirement savings plan.

It's not just a protection for the rest of your savings, but a tactical choice in search of performance.

Tax provisions 2025

In a few weeks' time, France will be adopting a 2026 budget. Irrespective of any political considerations, the debt burden will lead to measures generating additional revenue for the public treasury.

It therefore seems advisable not to put off until later what could be done today. For example, to a slightly greater extent than usual, seek to reduce the taxation of your 2025 income on the basis of known rules. Not all of them will survive. This means assessing the savings available to us that we are prepared to make unavailable for other projects for a few years, and then thinking about the best way to use them.

The answers will vary according to the retirement horizon, the desire to remain cautious or to take a little risk, and each person's other plans for assessing the acceptable length of downtime.

Among the choices

To reduce taxable income: use and complement company retirement savings schemes with voluntary contributions, or take personal initiatives with individual PER.

Each taxpayer will be able to see on his or her tax return which retirement savings products are available in his or her tax household, and which can be easily pooled.

To make use of the current €10,000 tax reduction ceiling, check carefully the portion not used for home-based employment in particular. One of the most recent solutions is a return to 25% tax reduction for FCPIs approved in 2024 and 2025 for payments in 2025. A dynamic investment par excellence, with contrasting fortunes depending on the vintage, but much more feasible with 25% than 18% tax relief. The context lends itself to this, as many eligible listed SMEs remain neglected, and are lagging behind in terms of valuation.

A more moderate-risk solution is forestry investment, which is still not widely offered, particularly by banking networks, even though it benefits from :

• Natural growth is low, but steady and independent of the White House's declarations. Put simply, a tree grows by 2% a year.
• an ongoing catch-up in forest prices, which in recent years has led to an average performance of over 4% a year, a trend set to continue for some time to come.
• A clear environmental message for those who want to give meaning to their savings and understand what they are investing in: you become a co-owner of forests.
• An 18% tax reduction on the amount invested under the Madelin PME scheme, most often chosen by Groupements Forestiers d'Investissement.

Long-term cash flow

For structures with a proportion of cash intended to remain invested for several years, the fall in short-term interest rates will make it more difficult to reuse CAT (term account) deposits reaching maturity between now and 2026. A diversification solution exists in the form of capitalization contracts offered by insurers, giving access to recent high-yield real estate investment trusts(SCPI).

The reasoning is simple: for the past two years, the investment property market has been in crisis, and it's not over, but the market is favorable to buyers who provide a counterparty to sellers who are under pressure. By focusing on vehicles that have invested well over the past two years, we can achieve high yields (5% to 6% on capitalization contracts), with the prospect of future increases in the value of these very well acquired assets.

The insurer bears the liquidity risk and defines the way in which it accepts this risk and intends to manage your future withdrawal.

Access to the euro fund depends on the nature of the structure, and is generally excluded for commercial companies, but alternatives do exist. The contract can also be invested in traditional conservative funds, which are permanently available.

Structured funds are still very much in vogue, but it's important to select them carefully, paying close attention to their fee characteristics and the nature of the risks involved. Crisis situations are also sources of opportunity...