gosub Posted April 2, 2008 Share Posted April 2, 2008 What would be the advantages of transferring my very small UK self employed pension due to pay out this year, to a recognised QROPS in France? The only advantages I can see are, that I could take 30% as a lump sum and also I would receive my pension payments in Euros, it appears that I could not withdraw the balance of the fund in cash because the new provider must ensure that 70% of my fund is used to provide an income for life.I found the following on HMG website but I am not sure if it applies in France."If a subsequent cash payment is made when the member is not tax resident in the UK and has neither been UK resident in that UK tax year nor in any of the previous five tax years then it will not give rise to an unauthorised payments charge. And as before in the first 5/6 year period income withdrawals will also have to meet FA 2004 rules."If true would the French company just allow me to withdraw the balance of my fund, without penalties? Link to comment Share on other sites More sharing options...
Russethouse Posted April 2, 2008 Share Posted April 2, 2008 There are a few comments in this thread: http://www.completefrance.com/cs/forums/1195065/ShowPost.aspxOtherwise you could buy the current issue of Living France [:)] Link to comment Share on other sites More sharing options...
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