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Visky

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  1. Thanks, but that one is out of date (still on 2016 for 2015 income), and is much more cumbersome to use for repeat "what if"s. Still doesn't explain the gap between given band thresholds and actual though! [:D]
  2. [quote user="pomme"]You will find lots of information if you search for barème d'imposition des revenus 2016 impôt 2017 As an example, there is a calculator here [/quote] Thank you very much for the link Pomme, it is very useful.  I had found a couple of simulator sites myself but discovered, having input all the figures, that they insist on all your co-ordinates before supplying the calculations.. I've been working through some examples, and  surprised to discover that the zero tax level does indeed seem to be quite high - which is nice - although there is the CSG to allow for, and I guess the loss of exemption for TDH also. I'm still mystified as to how there is such a discrepancy between the theoretical basic tax bands thresholds and the actual results - maybe it's better not to look too closely!  [:D]
  3. Hello, I wonder if I could ask for a bit of help with this please.. We are on a low income so currently pay no tax, and looking to make a draw-down from a UK pension pot to include in this tax year.  I'm having trouble finding out the level of income at which we would remain below the taxable threshold - I been searching for ages, and have found various figures on line but cannot fathom out the various workings!  For example, https://www.frenchproperty.com/news/tax_france/income_tax_thresholds_2016/  shows the bands, but going through their worked example, 27000 joint would imply tax of (3800x14%)x2 = 1064, yet the table further down the page it seems to say it would be zero. Our situation is:  married couple, income UK state pension of approx € 10,000 (before the 10% deduction) and depending on final exchange rate,  plus some bits of interest/premium bonds totaling about € 1300.   Any idea how I find out how much approx  I would be able to draw to keep under the level for tax? Thanks in advance
  4. Parsnips, many thanks again for your invaluable help in all these "taxing" matters - you deserve a medal.
  5. "If, as I take it you mean, you will be taking reasonable amounts each year to  boost your total income , and you don't normally pay much or any income tax, you should declare on 2047 page 1- "pensions , rentes ....etc" and 2042 box 1AS." Thank you very much indeed Parsnips, that is exactly the case.  " If you are in receipt of UK state retirement pension (with S1) you will not be liable to CSG." May I ask if this still definitely the case (ie because it's pension income),  or is this historical and likely to be challenged under the new rules for "Social Contributions" brought in this year for investment income?  I ask because our local Tax Office are notoriously difficult and unpleasant to deal with and I don't think I could face the long, drawn out claims procedure!
  6. I plan to start drawing down from a UK pension pot, and I'm trying to work out the likely amount left after deductions.  Fully French tax resident for many years.  I think I'd be better declaring off it as normal income (not the special 7.5% thing), and I know it carries an automatic 10% rebate, but cannot work out the Social Contributions liability, if any. I'd be most grateful for any clarification.
  7. [quote user="parsnips"] Hi,  It is difficult to find a clear printed confirmation of this , so as I posted previously I contacted the finance ministry , where a very helpful man told me that ,yes , the 2015 income would be exempt from contributions,but that it was unclear whether the declaration forms would be altered , or whether the contributions would have to be paid and then claimed back.  As the contributions are to be taken on 2016 income , the second procedure is most likely.  He did say that for the CSG which appears on the avis (on capital gains on investments for instance), you should not pay , but put in a claim and demand a "sursis de paiement".  He also said that they were working "from day to day" as different instructions came in quick succession. He did have to go away and consult with colleagues a couple of times. It occurs to me that a note and copy of S1 with the declaration might be helpful.   If you have any french LA euro funds , or taxable bank accounts , you will have to get details from the end of year statements, (or get printouts from the bank -CA did that for me for all the years in question.) , and claim for those also. [/quote] Parsnips, you've given me hope.  I did try a couple of searches before my first post, without much success.. but if there are previous posts I'll have another trawl and see what more I can find.
  8. Thank you very much Parsnips - I was aware of Blevins Franks take on this but it's good to see a french view in agreement. Having followed Blevin's earlier advice and cashed a Sterling investment in Dec 2015 (with tax payable 15 Jan 2016!), I'm really keen to find out the latest. The French property website doesn't seem to give a source for its latest info, so I was wondering if anyone had seen anything on a French government site to clarify this.
  9. Have I understood this right?  According to French Property website,  S1 holders will not be exempt from Social Charges on investment income earned in 2015. http://www.french-property.com/news/tax_france/social_charges_constitutional_council_ruling/ I haven't been able to find any other references to this - has anyone else any further info?
  10. [quote user="Quillan"]Before the only way to get your 25% was at the time you bought your annuity in the UK.[/quote] Not so.  There has always been the opportunity to draw the TFLS (Tax-free lump sum) of up to 25% at the time of  "crystallising" a DC pension pot, whether annuity, drawdown, or just leaving the rest to grow. There has also been no legal requirement to purchase an annuity since 2006 (although the pension providers have not made this particularly clear).  Current annuity rates are, with a few exceptions, extremely poor value for money - but the alternatives so far have been complicated, highly regulated and restrictive.  This will change in April 2015 and the new flexible drawdown will be a far better option for those wishing to take a little more control over their future finances.  I'm finding it hard to see any point in a QROPS after April, and they were always a rather expensive way to get at your money.
  11. Since you have had no response so far, I thought I'd just post to say I've used all of them in the past (phoning round to get best rate, playing one off against another etc) but now wouldn't bother with anyone but CurrencyFair.   Once you've set up an account,  you can transfer in and out online and just click to deal when the rate suits you - it's instant.  There is a charge of €3 to transfer out to your Bank,  but I have found that is more than repaid by the extremely keen exchange rates. Just changed £ 500 this afternoon and got 1.245  (€ 622.50) http://www.currencyfair.com Hope his helps - let me know if you'd like any further info. Visky
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