Basic Money Tips for Brits transitioning into French living

SBcamsci · 11 February 2025 15:27

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Irony 666!

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UK SIPP Suitable for French Residents Pensions

Hi All! We finally have a SIPP that will take French residents. Flexi drawdown to any bank account and doesn’t have to be a UK account. Taxed PAYE but once a withdrawal has been made NT tax code can be applied and pension paid gross. Part of UK pension transfer system Origo so very little paperwork. Do not offer annuity unfortunately and I am still looking for someone that will offer this. Costs 0.25% for the platform - (large pool of investment choice in clean, no commission funds, bonds and equities) £125 per annum for the SIPP Advice Cost - initial fee between 1% - 5%Max Ongoing advice - 1% per annum Advice is provided to each individual based on their circumstances and this solution might not be right for everyone. There may be the option to withdraw the pension at a low tax rate in France and reinvest into an Assurance Vie or other tax wrapper. For a no obligation call just book below… I think I’m full for the rest of the year but lots of space in January…

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Tax on Assurance Vie Tax & Social charges

Greetings from cold and wintry Kent ! After living in France for 2 1/2 years I have relocated back to the UK in June 2021 and have today cashed in 15,000 euros from my “assurance vie” in France for my living expenses here. As I plan to stay in the UK permanently I guess that I’ve automatically become resident in the UK since arrival and will need to report this amount as income on my tax return to HMRC ? This money was tax free in France except for the 7.5% “prélèvement forfaitaire libératoire” for the social security taxes. I wonder however if there any special tax treatment applying to this type of income in the UK ? Any thoughts or recommendations would be highly appreciated as it’s a nightmare to juggle with 2 different tax jurisdictions ; as you must well know ! Many thanks and warm regards