Claiming your pension in France

Moving to France holds a particularly tremendous appeal to those who are keen to make the most of their retirement years.

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In principle it is both possible and perfectly legal to have your pension from the UK paid to you in France if you are/are becoming a full time resident there, and have years of pension entitlement owed to you from the UK. 
 

Of course, there are differences between each type of pension, whether it is state, private or Government - although all types should be portable to France. You will need to inform the UK Pensions Service in Newcastle about your move, and make sure they have your new address - you can do this on their website http://www.dwp.gov.uk/. You will also be able to find information regarding the payment of State Pension for those who wish to move overseas.

You can have your UK state or Government pension paid directly into your French back account if you wish, although it is a good idea to remember that this will involve currency exchange since it will be paid in sterling. Instead we usually recommend speaking to Smart Currency Exchange for working out the very best in terms of the future payments which involve changing sterling to euros. Alternatively, you may be better off simply having your pension paid into your UK bank account if you are keeping this.

In the case of private pensions, which can be drawn earlier than state pensions, it is best to take advice from your pension provider who should be willing and able to pay it into your French account if desired, although the same considerations regarding currency exchange obviously apply.

It is important to consider taxation on your UK pension in France, and we strongly advise taking the advice of a Pensions Expert who can guide you through this somewhat complex subject, and make sure you receive exactly what you are entitled to without overpaying any tax. 

Once you are resident in France, you will have to declare your UK pension on your French tax return. In this case you should receive a rebate of tax paid in the UK. Bear in mind that it is normally better to opt for your pension income to be taxed in France, since the rates of income tax in France are lower than in the UK. We can help put you in touch with our recommended experts in this area.

Recently the fluctuations in the financial markets have meant that many UK pensions paid to retirees in France have become less in value. The subject of taking pensions overseas can be a complex one and also subject to change.  Again, for up-to-date information, make sure you consult the Department of Work and Pensions at http://www.dwp.gov.uk/.

Further reading for Living In France

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Finding work in France

There are a number of ways that UK expats can fund their lifestyle in France.
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Education in France

Are you emigrating to France with school-age children?

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Social life in France

The best way to get settled in France is to find out as much as you can about your new community.
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Healthcare

The French healthcare system is one of the best in the world...

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