Can I have my UK pension paid in France and does the pension department fx it to Euros?
UK state pensions can be paid in Euros to your designated French bank account. The amount will vary each month according to the exchange rate. You will normally get the ‘interbank’ rate of the day so no currency company is involved taking their share of profits.
Is there the equivalent of an ISA in France?
Yes, it's also tax free but it is a lifetime allowance as opposed to an annual one. They are available in sole name only. The rate is normally the same regardless of which institution you use:
Livret A
Livret Bleu
LDD
LEP
Livret Jeune
There are tax free accounts for those saving for a mortgage and of course the Assurance Vie offers the option for higher risk investments to that of cash.
If you'd like to ask Jennie a question about life in France, obligation free, please get in touch at:
jennie @ bgwealthmanagement.net
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The information on these pages is intended only as an introduction only and is not designed to offer solutions or advice. Beacon Global Wealth Management can accept no responsibility whatsoever for losses incurred by acting on the information on these pages.