Know what works best for

Know what works best for you If you have moved (or are thinking of moving) to France from the UK, then you need to know that France has a completely different tax system and completely different inheritance rules. So, to get the right advice it is essential that you talk to an International Financial Adviser who understands the rules and regulations of both the UK and France. Some people living in France are happy to keep their investments in UK deposit accounts, which make little or no interest. The low interest rates available rarely beat the inflation rate, so in real terms their investment is essentially moving backwards. Some people living in France are happy to keep their investments in UK ISA’s and Premium Bonds. Though these investments were tax-free for them in the UK, now that they’re living in France with a French tax regime, the capital gains made on these investments are taxable at 30%! And, they’re declarable every year if withdrawn or not. Making a decent return on your investment Low interest-rates mean that to make noteworthy return you may need to take a measured amount of risk within your risk profile, whilst at the same time seeking to remain as tax-efficient as possible. French tax resident is worth your time. For example, the UK pension freedom act (2015) presents you with lots of options for your pension retirement savings. You are no longer forced to purchase an annuity at historical low rates. In fact, UK annuities are currently being looked at as some companies may have potential irregularities. Your International Financial Adviser can also tell you about the best options available for your UK Pension savings as a French tax resident. Paul Flintham is an International Financial Adviser with Beacon Global Wealth Management in France Email: enquiries @ bgwealthmanagement.net Web: beaconglobalwealth.com That’s why speaking to your International Financial Adviser about the options available for your Savings and Investments as a Beacon Global Wealth Management are members of FEIFA (the) Federation of European Independent Financial Advisers: https://feifa. eu/ The information on this page 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 this page. The financial advisers trading under Beacon Wealth Management are members of Nexus Global (IFA Network). Nexus Global is a division within Blacktower Financial Management (International) Limited (BFMI). All approved individual members of Nexus Global are Appointed Representatives of BFMI. BFMI is licensed and regulated by the Gibraltar Financial Services Commission and bound by their rules under licence number FSC00805B.