Should I take out new French 'AV' policy?

If you have an assurance vie there is a tax-free element after a number of years. If you receive another lump sum you want to invest in AV, is it best to top up the one you already have and, if so, are you able to take advantage of the tax-free element already existing? Or should you take out a separate AV and start again from scratch?  M.M.

The answer depends on the amounts.

There is a rule for AV policies that they retain the characteristics of the original policy as long as there is no “material change”.

Investing an amount that could be seen as significant compared to the original investment could be regarded ...

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