Ask Questions to a financial planner in France - Podcast

JaneJones · 17 November 2024 22:06

This thread has many questions in it!

UK pension problem for non-UK residents Pensions

To avoid too much thread drift & clutter I decided to start a new topic about a problem that has started to emerge in the recent QROPS thread (see below). I’d really like to limit the discussion to those with proper financial knowledge, those who have the same problem as I’m about to outline, or those who have steered their way through it since brexit i.e. recently. I’m in the process of claiming a couple of UK based private pensions that are the product of working for companies that had a private company pension scheme. Neither fund is large, with the two totalling about £34K. Both pensions were taken out assuming a retirement age of 65, although I realise that I’m not tied to that (I shall be 65 in February 2025). I’m probably going for a straightforward annuity & hoping that I live long enough for that to be the right decision. I’m not planning to take any lump sum as I’m keen to avoid paying tax on that here in France, plus it gives me a higher regular payout (again, I need to …