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A straightforward investment product for expatriates living in Spain

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

If you want 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 be right for you. 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 in 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.

Award-winning interactive online wealth management service

You can benefit from our award-winning innovative online service called Wealth Interactive that powers our Portfolio Bonds. Please click here for further information.

For more information, please speak to your financial adviser or you can download the literature below:

Remember, our products are only available through your financial adviser. If you don’t have an adviser, please click here or e-mail us at and we can help you find one.

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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