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A straightforward investment product for expatriates living in Spain

The Spanish Collective Investment Bond (SCIB) from Old Mutual International Ireland dac provides a straightforward and convenient investment product for expatriates living in Spain, allowing them to help minimise the impact of local taxes on their portfolio.

If your client wants all the benefits of a diverse portfolio wrapped up in one policy that’s Spanish tax-compliant, then the Spanish Collective Investment Bond (SCIB) could meet their needs. The investments available through the SCIB are restricted to ensure compliance with Spanish personal income tax law so, for example, bank deposits are not allowed.

The Spanish Collective Investment Bond could be suitable for customers who:

  • are UK, or other expatriate based in Spain or planning to relocate to Spain
  • are aged between 18 and 89
  • are looking to invest at least €37,500 or currency equivalent into this product
  • want to invest tax-efficiently over the medium- to long-term
  • want to achieve investment growth aligned to their attitude to risk
  • expect to have access to a guided range of collective investments that enable them to build a bespoke portfolio
  • are happy to accept more risk than saving into a bank account
  • want to have an option for a discretionary asset manager to be appointed*  to make investment decisions and construct a bespoke portfolio.

*Subject to our approval

The Spanish Collective Investment Bond might not be suitable for customers who:

  • are Spanish nationals
  • have no other savings or investments
  • are new to investing and are not comfortable in making investment decisions
  • are not happy to accept the risk of potential investment losses, and are looking for guaranteed investment growth
  • require instant access to their money
  • wish to invest their money in cash
  • want to invest in stocks and shares
  • want access to professional investor funds.

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Supporting your sales of this attractive investment solution

To help you and your clients benefit from this fantastic opportunity, we’ve prepared a suite of supporting documents, including:

For all other application forms and other documents, please refer to the literature library. Contact your Sales Consultant or e-mail to discuss how this could be the right product for your clients.

If you are looking for previous versions of the product literature, please contact us using the details on the contact us page.

The information provided on this page is not intended to offer advice. It is based on Old Mutual International's interpretation of the relevant law and is correct at the time of publication. While we believe this interpretation to be correct, we cannot guarantee it. Old Mutual International cannot accept any responsibility for any action taken or refrained from being taken as a result of the information contained on this page.

Past performance is no guarantee of future returns. The value of the investments and the income from them can go down as well as up and the investor may not get back the amount invested. Where a transaction involves more than one currency, the investor may be exposed to the risk of currency fluctuations.

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