Jump to content

The French basic state pension


Robinhood
 Share

Recommended Posts

Hello, I would like to know how much is the French basic State pension ?.  At 58, I am a non party political campaigner for British pensioners to receive a decent state pension, so im trying to find out how much in state pensions provision French pensioners receive ?, can anybody help please ?

Yours sincerely

Michael Thompson

Founder/ LINK-AGE/COUNTRYWIDE

Link to comment
Share on other sites

I looked into this a year or two ago and as far as I remember a fully paid up ?44years? french pensioner receives a similar amout to the basic british pensioner, both single person and a couple. In both countries there are other benefits which make life a bit easier for those on the lowest level. There's more than one level of contribution and fonctionaires pay in more and get more out. No doubt someone will come up with the appropriate website. Pat.

Link to comment
Share on other sites

Pension is a separate deduction on one's salary and has a cap of 2589€ at the moment. One pays a deduction towards the state pension up to this amount. If one earns above that amount then no pension deduction is paid on the rest.

IF one has the correct number of years cotisations, then one 'can' recieve up to half the above mentioned amount as pension. However, even if one has the number of years in one has to have 25 years paying up to plafond to get the full pension.

 

example. Someone on the SMIC will earn around 1300 euros a month and will only make payments towards their pension based on that amount. So when they retire, IF they have the correct number of years in then will only get half of their average for paying in, probably around 650 euros a month, so that is about £100 a week. (it is based on the ratio between earnings over the 25 years and the plafond).

And someone who has always had a good wage will get 1294€ a month.  So there are radical differences and NOT just one amount for a french state pension.

And remember that french pensioners have further taxes to pay on their pensions the RDS & CSG (nothing to do with income tax).

If by chance someone hasn't got enough years in, then the sliding scale is rather brutal.

I think it would be hard to compare.

 

I have no idea if the functionnaires have a different scheme/system.

Link to comment
Share on other sites

Pension Credit is an entitlement for people aged 60 or over living in Great Britain. This could mean extra money for you every week. Pension Credit guarantees everyone aged 60 and over an income of at least:

  • £114.05 a week if you are single

  • £174.05 a week if you have a partner

 

 

In spite of the UK state pension being £84.25 for a single person, the government does guarantee the above. I have no idea as to how any french person would get other than their pension.

Link to comment
Share on other sites

The self employed pay in rather more than TU's example, which applies to salaried employees. And don't necessarily get anything back either, because it can take some time to build up any entitlement. But the question refers to what a French pensioner gets, not what is paid in.
Link to comment
Share on other sites

Pension contributions are increased automatically if your previous year's accounts results show a profit however slight, but the eventual monthly pension even if you have paid your number of years and gained your required points is a pittance, hence why not many artisans take retirement until they are forced to and the same with farmers who,if they wily,will have put money away under the mattress instead of paying flunkies in offices to push papers when it should go towards a decent final pension.
Link to comment
Share on other sites

[quote user="Teamedup"]

Pension Credit is an entitlement for people aged 60 or over living in Great Britain. This could mean extra money for you every week. Pension Credit guarantees everyone aged 60 and over an income of at least:

  • £114.05 a week if you are single

  • £174.05 a week if you have a partner
[/quote]

That's the first time I've ever read about Pension Credits. I had no idea they existed. This puts a whole new light on how much I will receive for a pension.

http://www.thepensionservice.gov.uk/pensioncredit/home.asp



Link to comment
Share on other sites

This is not an automatic entitlement nor a guarantee.

It is both an entitlement and a guarantee, provided that you are resident in the UK and have neither savings or other income.

The credits guarantee that incomes do not fall below the levels established by the credit.

Like all such schemes it has the unfortunate impact of penalising people with small nest eggs because credit is withheld at a higher rate than any income tax collected from the seriously rich.

You can have fun and work out your entitlement here

 http://www.thepensionservice.gov.uk/pensioncredit/calculator/calculate.asp

Link to comment
Share on other sites

Quillan - the payment you refer to is/was made by the German government to victims of Nazi persecution during the Second World War.The German word for it is Bundesentschaedigungsgesetz - referred to in English as "Federal Law for the Compensation of the Victims of National Socialist Persecution".
Link to comment
Share on other sites

Trying to find a website which explains the french system, but they don't want to be pinned down! However I found a site    http://www.marel.fr    on which you can get a sort of pension forecast. I put myself as a "non-salarie agricole" a couple of years short of retirement age and found that my basic pension would be 520 euros per month. Pat. sorry ref.not clickable for some reason.

Link to comment
Share on other sites

Ah pinning them down. I go and see the CRAM at our local Centre Sociale if I want to know anything. AND even though it is their job, it is still hard getting them pinned down properly.

 

I'm not surprised by that figure though, some people are on very poor pensions here.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...