Better than Booklet A? Almost. Assurances du Crdit Mutuel, the subsidiary of the Crdit Mutuel Alliance federale group, has revealed slightly higher remuneration on the euro funds of its life insurance policies. With a range of remuneration ranging from 1.10% to 1.75% depending on the risks taken on the contract and the customer category.
A 2021 remuneration of 1.10% net of management fees, on Plan Assurance Vie Essentiel, a general public and entry-level policy for the Crdit Mutuel and CIC networks, is better than in 2020, when the rate of basis was only 1%. But this remains lower than the new Livret A rate, raised to 1% on February 1, 2022. By what magic is 1.10% less than 1%? Because the annual interest (here the interest for 2021, paid at the beginning of 2022) of the funds in euros is subject to social security contributions, 17.2%. Result: 1.10% net of management fees on a fund in euros, this gives approximately 0.91% net of social security contributions. Better than Livret A in 2021, but worse than Livret A in 2022…
Taxes: what your investments really earn you
Beyond this tax adjustment, the remunerations announced by the life insurer of Crdit Mutuel (which manages the contracts of the entire network, except in Brittany and in the South-West) are among the best on the market of the big banks. detail. Because the remuneration of Essential Life Insurance Plan (PAV) ranges from 1.10% to 1.60% depending on the risk taken by the saver. 1.60% only concerns those who accept a large share (more than 50%) of units of account (UA), supports without capital guarantee but potentially profitable in the long term. Halfway through, holders of PAV Essentiel contracts accepting more than 25% in units of account will receive a return of 1.35% on their funds in euros. There, even after social security contributions (1.12% net of social security contributions), it is better than the new Livret A rate.
All 2021 rates for euro funds at major banks
Retirement : save by paying less tax. 11 contracts compared
A remuneration grid goes up by 0.10 points
All of ACM Vie’s compensation ranges have thus been reassessed by 0.10 points for 2021 interest. The same Plan Assurance Vie contract is available in three other versions: Plan Assurance Vie Avantage and PAV Privilge. On the mid-range PAV Avantage contract, the range goes from 1.20% to 1.70% and from 1.25% to 1.75% on PAV Privilge. All these grids have been revalued by 0.10 point compared to 2020. Finally, the contract dedicated to the constitution of savings for a child, Plan Assurance Jeune, provides remuneration ranging from 1.10% to 1.60%, like VAP Advantage.
Life insurance: the comparison of reduced cost offers