Investments.:
When you move to France you may leave your investments and savings in the UK if you are wary of the French options. When you become a French resident your ISA’s and Premium Bonds will be liable to tax.
Similarly, did you know there are specialist investment vehicles available in France that allow you to shelter you investments from tax?
Pensions:
Whether you have already retired or still have some years to retirement, moving abroad will have an effect on your pension. There may be options with your pension when it matures that need to be considered carefully to make the most of your money if you are living in France.
This is especially relevant now that the UK pension regulations have changed this year.
Inheritance planning:
The legal system in France differs from the UK, particularly when it comes to laws surrounding inheritance. The French succession laws mean that without expert advice for all of your assets, you may have a nasty surprise later on. Don’t forget that most of us take limited advice from the notaire when they buy a house, but what about the rest of your assets?
These are only some of the main areas where taking independent financial advice is highly recommended and as advice is based on each individual’s personal and financial circumstances the advice required is highly specialized and unique to each individual.
Written by Jennie Poate of Beacon Global Wealth Management.