Retiring in France


It is a sad fact of life that when we are young we can find little time to put any thought or effort into our pensions. At a time when we can do most to influence our financial health in old age, we often do nothing. When we are older and need to draw on pension provisions, there is often nothing we can do. If you are under thirty years of age when reading this page, I have probably lost you already. If you're still here, well done. If you want to do something about it, even better, give me a call or send me a mail. Talk is cheap, in fact with France Financial it is free.

I make no excuse for devoting most of this section to the plight of the elder expat. Retired teachers; police officers; social workers; private business people and even bankers have recognised the attractions of France as a place to spend their later years. This group will all have collected various forms of pension along the way, some by default and some by unusual foresight. Some will also be of such seniority as to be eligible for our UK state pension. All of you now have an extra string to your bow; you are now all foreign exchange traders. Like it or not, your income is in pounds sterling and your expenditure is in euros. You are at the mercy of the F/X markets, and we can all see that at times these markets show no mercy. No government would be able to slash pension benefits by 30% in a year, but the markets can and do.

More bad news. In a lot of cases, there is precious little you can do about it. The UK state pension for example will always be paid as a sterling value, even if you have it paid automatically to France.

Exchange Rate History







There is, however, some good news. That comes in the form of a rather unlikely acronym - QROPS. This stands for Qualifying Recognised Overseas Pension Schemes.


Since April 2006 UK expats have had the right to 'export' their personal pension schemes from the UK. There are a number of potential benefits involved here, and they are all important. Transferring your scheme abroad by means of QROPS means that:

  • The purchase of an annuity before the age of 75 is not compulsory
  • Unused pension funds may be left to your beneficiaries on death, free of tax at source
  • Pension payments may be made without deduction of tax at source, and are possibly only subject to income tax in your country of residence and are potentially or favourably treated
  • You can take 30% of your transfer value as a tax free lump sum
  • You are free to invest your pension fund in euros and thereby eliminate the exchange rate risk in the future

Transferring your personal pension is a serious matter, and the decision must not be taken lightly. We will introduce you to pension experts who will explain in detail what such a move could mean for you, and make sure that you have to hand all the necessary information to make the correct decision regarding this vital facet of your financial future.

Pension PlanningPlanning for Retirement

France Financial is a Spectrum IFA Group partner
Les Aubepines , 6a rue du Barry, Villasavary, 11150, Aude
Tel 0033 (0)4 68 24 77 58 Mobile 0033 (0)6 31 78 76 47
Numéro d'immatriculation 07025 332 TSG (the Spectrum Group) and 07032 505 Mr R Hesketh -
TSG Insurance Services S.A.R.L. Siège Social: 34 Bd des Italiens, 75009 Paris « Société de Courtage d'assurances » R.C.S. Paris B 447 609 108 (2003B04384) Numéro d'immatriculation 07 025 332 -
« Conseiller en investissements financiers, référencé sous le numéro E002440 par ANACOFI-CIF, association agréée par l'Autorité des Marchés Financiers»