UK pension funds ... transfer to France
Thread poster: Jean-Christophe Duc

Jean-Christophe Duc  Identity Verified
France
Local time: 17:06
English to French
+ ...
Aug 4, 2014

To cut a long story short, I have some money invested in a personal pension fund in the UK, and have now moved permanently to France.
The question is what to do with this fund now that age is catching up with me, leave it to mature in the UK, or transfer it through the QROPS scheme and reinvest it in France, ideally in a "Loi Madelin" scheme?
Has anyone here had the same dilemma, and solved it?


 

Roberto Bertuol  Identity Verified
United Kingdom
Local time: 16:06
Member (2007)
Italian to English
+ ...
UK Pension fund Aug 4, 2014

I have a UK pension fund and when I opened it I did ask what happens if I transfer abroad. If I remember correctly you can still pay into your UK fund for one year, then you need to transfer it into a fund in the country where you are living. I think that here you can find the most up-to-date info:

http://www.hmrc.gov.uk/pensionschemes/transfer-overseas.htm

I hope this helps.

Roberto


 

Jean-Christophe Duc  Identity Verified
France
Local time: 17:06
English to French
+ ...
TOPIC STARTER
No need to transfer Aug 5, 2014

As I understand it the transfer is optional, and is usually dictated by the transfer value anyway.
I would be interested to have the experience of people who did transfer the fund, especially regarding taxation as the rules appear open to quite a few interpretations.


 


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UK pension funds ... transfer to France

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