The Livret A remains the reflex solution for preparing a child’s future, but above all it responds to a logic of precautionary savings. With its ceiling set at 22,950 euros and its rate limited to 1.5%it protects liquidity much more than it allows you to build real assets. On a horizon of 15 to 20 yearsmany advisors believe that it is becoming insufficient to transmit truly significant capital.
“For a loved one wishing to secure the future of their children over 18 to 20 years, this is clearly a very long-term horizon”explains Florian Dussoulier, independent wealth management advisor and founder of Portée. “The Livret A meets a need for immediate security, not an objective of building up significant capital. » For him, over such a period, reflection must focus on the transmission of assets, and not only on short-term savings.
Leveraging credit rather than progressive savings
The idea is to borrow approximately 20,000 euros over 20 years to buy shares in SCPI, offices, businesses, health or logistics, in order to benefit from the leverage effect of credit. According to the ASPIM, the SCPIs posted a average distribution rate of 4.91% in 2025even if the average overall performance was reduced to 1.46% due to the fall in the price of certain shares.
“With a net IRR, even with unfavorable interest rates, we obtain a net return of around 4%which remains more interesting than a savings account »he emphasizes.
Concretely, place 100 euros per month on a Livret A at 1.5% for 20 years allows you to obtain approximately 28,000 eurosexcluding future changes in the rate. With a SCPI financed on creditfor a close monthly payment (around 90 to 130 euros depending on the loan), the saver immediately mobilizes 20,000 euros of capital.
With a average distribution rate of 4.91%these shares can generate nearly 20,000 euros in gross income over 20 yearswhile retaining the shares themselves. On arrival, the parent can therefore accumulate distributed income and capital still held, whereas the Livret A only produces progressively accumulated savings.
Borrower insurance changes the wealth logic
The other strong argument lies in the estate protection. In the event of death, borrower insurance can settle the loan. The shares then remain in the family assets without residual debt.
“The credit is canceled and the child recovers the shares, which belong to him anyway”summarizes Florian Dussoulier.
The objective is generally not to resell quickly. SCPIs are considered over the long term, often with a minimum horizon of 8 to 10 yearsor even more. “There is a liquidity risk and a risk of loss in value of the shares, but the objective is precisely to avoid resale”he recalls.
It is this heritage logic that changes everything: we are not only looking to save for a child, but to pass on to them an asset capable of continuing to produce income over time.
Diversify SCPIs and don’t forget life insurance
For Florian Dussoulier, the classic error consists of concentrating all the investment on a single SCPI. On the contrary, asset logic requires diversifying the supports, as for a classic financial portfolio. “My job is to get the best prices possible”he recalls, with the idea of distributing the investment between several SCPIs according to their sector in order to limit the risk.
For a parent with several children, the strategy can also evolve: some prefer to create several distinct pockets rather than a single overall investment, in order to more easily anticipate the transfer.
The CGP also recalls that in the long term, life insurance often remains the most flexible solution, particularly in terms of taxation and transmission. The SCPI on credit then acts more as a patrimonial complement as a single solution.
This is also where the support of a wealth management advisor becomes essential. Borrowing rates, taxation, borrower insurance, quality of SCPI or inheritance strategy: a bad reading can quickly reduce the interest of the operation.
The real subject is therefore not to choose between Booklet A Or SCPIbut to know if we simply want to save… or really pass on assets.
