pushkin

Many thanks for the advice - and correction! However my case is rather complex - withdrawals in Uk over many years avoiding tax, and splitting the capital invested several years ago- that it would be impossible to apply the formula. I did try but the figure came out with the declarable amount vastly exceeding the amount I wanted to withdraw! I suppose that if I just made the transfer payment to my UK account, it would still be considered as worldwide income. I had heard that life insurance payments were tax free - but it seems that must be a myth, unless this refers to the benefactor(s) after death of the policyholder.

Hi, Many thanks for that advice - I was about to go through Barclays but they charge so much commission I thought it better to see if there were better options!

Is French tax payable on part encashment of an offshore life insurance policy? Can anyone advise on the most economic way of transferring cash from a UK bank account to a French account, without incurring excessive bank charges?