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Free simulator
Luxembourg assurance-vie simulator: capital, capital gains and security of the Triangle
Luxembourg assurance-vie offers no tax advantage that a French resident would not already have in France: this is precisely what most people do not realise. Its superiority is legal.
Allowance of €4,600 / €9,200 after 8 years, 7.5% + 17.2%, €152,500 exempt per beneficiary
Security Triangle and Super Privilege, where the French guarantee stops at €70,000
Multi-currency, dedicated FID/FAS funds, direct securities and a Lombard loan backed by the contract to raise cash without divesting
The simulator
Simulate your Luxembourg contract
Select your country of tax residence: as Luxembourg is neutral, that country determines the tax on withdrawal. The projection applies it automatically. Your data is neither stored nor transmitted.
Luxembourg assurance-vie simulator
Model your Luxembourg contract and its taxation according to your country of residence — Luxembourg's neutrality adapts to each jurisdiction.
Indicative calculation, based on 2026 rules and the assumptions entered above.
Why
Why international wealth chooses Luxembourg
The vast majority of French savers hold their assurance-vie in a contract governed by French law, distributed through their banking network, without ever questioning the legal soundness of the wrapper that holds their assets. As long as all is well, the question does not arise. Yet it becomes central as soon as wealth reaches a size where the security of the asset matters as much as its performance.
Luxembourg applies the principle of tax neutrality: no specific tax is levied on contracts taken out by non-residents. For a French tax resident, the Luxembourg contract is therefore taxed exactly like a French assurance-vie policy—the same allowances after 8 years, the same 7.5% withholding tax, and the same €152,500 exemption per beneficiary upon inheritance. The advantage is not tax-related; it is related to wealth management.
What really sets the Luxembourg contract apart is the combination of reinforced asset protection, the security triangle, and an open investment engine. If you move abroad one day, the contract “follows” your new residence and adapts to its tax rules, with no break and no forced surrender. It is the reference wrapper for mobile, international and substantial wealth.
What the calculation shows
The 3 advantages your French banker cannot offer you
In Luxembourg, your assets are held by a custodian bank separate from the insurance company, under the supervision of the Commissariat aux Assurances. Your assets are legally segregated from the insurer's balance sheet: if the insurer fails, they do not fall into the pool of creditors' claims. Better still, the policyholder benefits from the “Super Privilege”, first-rank creditor status ranking ahead of the State itself. Whereas the French guarantee is capped at €70,000 per insurer, Luxembourg protection coversall your assets, with no ceiling. For wealth running to six or seven figures, the difference in security is decisive.
The Luxembourg contract gives access to investments unavailable in the standard French offering: dedicated internal funds (FID) run by the manager of your choice, specialised insurance funds (FAS), direct equities, direct bonds, private equity, and management in several currencies. For a business owner or executive with part of their income or wealth in dollars, Swiss francs or sterling, the multi-currency dimension removes unwanted currency risk. This architecture is built to measure, investment by investment — the opposite of a network contract built on a handful of in-house funds.
The Luxembourg contract works naturally with a Lombard loan: you pledge your contract to obtain a credit line, at a rate linked to the money markets, without selling your investments or interrupting their growth. You can thus finance a property project, a reinvestment or a cash need while your allocation keeps working — and without triggering the tax on a withdrawal. It is a classic lever of high-end wealth management, which mass-market contracts do not provide.
Case study
Case study: Sophie, 52, head of a holding company in Geneva
Sophie, a French tax resident for now but likely to settle in Switzerland, invests €600,000 from disposals and dividends in a multi-currency Luxembourg contract, plus €2,000 a month for 15 years, targeting 4.5% net of fund fees. Here is what the simulator projects at maturity, after 8 years of holding, compared with a French network contract:
| Indicator | French retail-network contract | Luxembourg contract | What Luxembourg adds |
|---|---|---|---|
| Projected capital after 15 years | ≈ €1,230,000 | ≈ €1,270,000 | +€40,000 (controlled fees) |
| Asset protection | €70,000 guaranteed | All assets, no ceiling | Security that makes the difference |
| Investment currencies | Euro only | Multi-currency (EUR/USD/CHF) | Currency risk neutralised |
| Mobility if you move abroad | French taxation locked in | Adapts to your residence | International portability |
The €40,000 difference in capital comes from the controlled fees of an open-architecture contract, with no additional risk taken. But that is not the main point: for wealth of this size, the French guarantee capped at €70,000 covers only a token fraction of the assets, whereas the Security Triangle protects them in full.
If Sophie settles in Switzerland, her contract follows her with no forced surrender and adapts to the tax rules of her new residence. This portability, combined with the multi-currency dimension, makes the Luxembourg contract the natural wrapper for wealth set to cross borders.
In practice
Security is only worth something if it is properly structured
This simulator gives an order of magnitude for the capital and its French taxation. The real value of a Luxembourg contract lies elsewhere: the choice of insurer and custodian bank, the structuring of dedicated funds, the choice of currencies, the link with a Lombard loan, and consistency with your current and future tax residence. Poorly built, a Luxembourg contract is just a more expensive assurance-vie; well built, it is a tool for security and flexibility.
Balmont Conseil is a wealth management advisory firm based in Lyon, a member of ANACOFI-CIF, and has no capital ties to any bank. We operate on an open architecture basis with 23 partner insurers and asset managers: we select Luxembourg companies and investment vehicles from among our partners, always acting in your best interest. Let's book an appointment to determine whether Luxembourg is right for your wealth and to structure it properly.
Frequently asked questions
What clients ask us.
Is a Luxembourg contract more tax-efficient than French assurance-vie?
No, and this is an essential point to understand. For a French tax resident, the Luxembourg contract is taxed exactly like a French assurance-vie policy : an allowance of €4,600 (€9,200 for a couple) on gains withdrawn after 8 years, a reduced 7.5% levy on the portion relating to premiums paid up to €150,000, social charges of 17.2%, and €152,500 exempt per beneficiary on inheritance. Luxembourg is tax-neutral: your country of residence does the taxing. The advantage is legal and wealth-related, not tax-related.
What are the Security Triangle and the Super Privilege?
The Security Triangle refers to the legal separation between the insurance company, the custodian bank and the regulator (the Commissariat aux Assurances). Your assets are held off the insurer's balance sheet, with a separate custodian: if the insurer fails, they do not fall into the pool of creditors' claims. The “Super Privilege” also gives you first-rank creditor status, ahead of the State. The result: protection covers all your assets, with no ceiling, whereas the French guarantee is limited to €70,000 per insurer.
From what amount is a Luxembourg contract relevant?
The Luxembourg contract comes into its own from around €250,000, a threshold below which its advantages (dedicated funds, multi-currency, protection with no ceiling) are little used relative to higher fees and a higher entry ticket. It is aimed at substantial, international or mobile wealth: business owners, expatriates or future expatriates, and holders of holding-company cash through the capitalisation version. Below that, a good open-architecture French assurance-vie covers most needs.
What happens to my contract if I move abroad?
This is one of its major advantages. The Luxembourg contract “follows” your new tax residence: it is neither closed nor forcibly surrendered, and the tax rules of your host country apply. This portability avoids the break that a French-law contract would often impose on a move abroad. For wealth set to cross borders, it is a decisive argument — to be prepared in advance with an adviser, however, as each host jurisdiction has its own rules.
How does Balmont Conseil differ from a bank adviser for a Luxembourg contract?
Balmont Conseil is a wealth management advisory firm based in Lyon, a member of ANACOFI-CIF, with no capital ties to any bank. A bank adviser will, at best, steer you towards their group's in-house Luxembourg contract, with its investment options and its fees. Open architecture allows us to select the Luxembourg insurance company, the custodian bank and the dedicated funds from among our partners, according to your interest — and to align the contract with your tax residence, your holding company and your succession strategy.
