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As part of our partnership with Savinianne, Conseil en Gestion de Patrimoine, we are pleased to bring you the latest financial news.
2018 could be a blank year, but more on the side of European financial markets than French taxation.
In fact, the winning bets were on US technology stocks and European luxury goods. In short, on stocks that were already well valued at the start of the year, but became even more expensive as the year progressed.
The turmoil of October, fuelled by statements linked to the US elections, should dissipate somewhat with the end of this part of the campaign.
European equities, already much less valued than their US counterparts, will remain so for as long as the fate of Brexit remains undecided. Geopolitical tensions over Italy and Turkey represent threats in a trade war that has gone beyond words.
The practical conclusion is an allocation that is occasionally more cautious than authorized by the investor’s risk profile, with selected investment themes.
We’re heading for Northern Europe to take advantage of Scandinavia’s healthy financial situation, aided by energy prices for Norway, with the Scandinavian currencies’ valuation lag set to ease, especially as the situation in Southern Europe becomes more complicated.
Reintroduction of 5% to 10% gold in allocations as a geopolitical hedge and due to undervaluation resulting from the withdrawal of hedge funds over the past two years.
As long as long-term interest rates remain low, the high rental performance will be complemented by an annual increase in the value of the assets already built up.
From a tax point of view, zoom in on the impact of Madelin retirement savings payments in 2018.
– Case1: the company pays the Madelin contribution directly, with no change from previous years.
– Case2: the taxpayer pays and deducts this amount from his taxable income, in which case he must limit his payments according to the “exceptional” income he will receive in 2018. If he only has “ordinary” income, he must reduce his payments to the contractual minimum, enabling him to keep the contract active, in order to top it up when the tax impact is fully recovered.
Vincent Danis
President of Savinianne
Article écrit par
Margaux Vieillard-Baron
Damien Vieillard-Baron
Margaux Vieillard-Baron
Amadou Kasse
Estelle Baldereschi