Pensions

If you’re moving to France for good, you may well benefit from moving your pension overseas into another scheme.

Pension

If you’re moving to France for good, you may well benefit from moving your pension overseas into another scheme - such as a self-invested personal pension (SIPP) or Qualifying Recognised Overseas Pension Scheme (QROPS). Conditions may well apply to these, but typically you will also gain greater control over your pension and reduce your tax bill. 

 

It is important to remember that the UK authorities will only allow you to transfer a pension abroad if the scheme meets certain criteria: you need to be living, or going to live, abroad, and you must remain living abroad. You should be aware that it will take around ten years of being a non-resident and moving the pension to a QROPS to show real benefits, making it really important to consider your options now rather than later. To be put in touch with an authorised tax and financial advisory firm, who could advise you on financial planning and taxation when you move to France or own property there, call the Resource Team on 020 7898 0549.

If you will be relying on a UK-based pension/income from investments, it is very important to understand that currency exchange can cause issues. In more recent times, expats living in France have seen their income rise due to the value of the euro weakening against sterling. This is where speaking to a currency exchange specialist such as Smart Currency Exchange can help.

Further reading for Buying In France

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Viewing Guide

Finding the right property and can be a challenge. What do you need to think about early on?
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Legal Matters

Buying a property in France has very different legal requirements to the UK. 

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Hidden Costs

Spending tens and even hundreds of thousands of pounds on a property in France is a HUGE decision.
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Currency Zone

Did you know that you could save thousands of pounds when emigrating by using a currency specialist?
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