Racerbear02 Posted February 12, 2013 Share Posted February 12, 2013 I have tried to search for information on this but the search does not seem to be functioning properlyHas anyone ever tried to buy a French annuity using a UK pension fund? is this indeed possible at all??I have a small UK pension fund to invest and am looking to see if there is anyway I could get a Euro based pension.Does anyone know of any other alternatives?And inevitably, any pitfalls? Link to comment Share on other sites More sharing options...
andyh4 Posted February 12, 2013 Share Posted February 12, 2013 Though I stand to be corrected I do not think that this is allowed under HMRC rules - well not as you describe it. If you are permanenetly resident outside the UK and registered as such with HMRC, then you can move your pension off-shore. I think there are other criteria that have to be met as well. Do a search under QROPS. This will show the mechanism for moving your pension pot. The one benefit this brings is that you are not required to take an annuity at all, and can rely on investment income to provide a pension (which is what the insurance company does when it sells yoiu an annuity - so you cut out the middle man). On death, the residual value of your investments are passed on as part of your estate. The risk however should be obvious, since if the investment portfolio goes t*ts up, then you have no income. Link to comment Share on other sites More sharing options...
Cappicenno Posted February 14, 2013 Share Posted February 14, 2013 As too many people going to France from the England will have a right to a United Kingdom State pension, along with various private and company pension benefits. This is information appropriate to English people going to or planning to buy a pension annuity in France. Link to comment Share on other sites More sharing options...
Rabbie Posted February 14, 2013 Share Posted February 14, 2013 [quote user="Cappicenno"]As too many people going to France from the England will have a right to a United Kingdom State pension, along with various private and company pension benefits. This is information appropriate to English people going to or planning to buy a pension annuity in France.[/quote]How many are too many? This statement could be taken to be racist and anti-English, Surely not what this forum is about Link to comment Share on other sites More sharing options...
AnOther Posted February 14, 2013 Share Posted February 14, 2013 A QROPS is one way of converting a UK pension pot to Euros but because of the charges it's reckoned that about £100,000 is the minimum to make it viable.Since we are told everything is relative does that fit your definition of a 'small UK pension fund' ? Link to comment Share on other sites More sharing options...
Racerbear02 Posted February 15, 2013 Author Share Posted February 15, 2013 Thanks for that, I will have to look into QROPS a bit more.I have to say that I was also confused by the content of Cappicenno's post, not really sure what they were trying to say. Link to comment Share on other sites More sharing options...
AnOther Posted February 15, 2013 Share Posted February 15, 2013 [quote user="Racerbear02"]I have to say that I was also confused by the content of Cappicenno's post, not really sure what they were trying to say.[/quote]I don't think anyone is, and not for the first time either ! Link to comment Share on other sites More sharing options...
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