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When I first became an advisor in France more than ten years ago, the single most important criteria for those moving to France was protecting capital due to the different inheritance rules here. Almost exclusively, our clients were of a certain age and retiring to live their dream in France.
How times have changed! Our client base now encompasses all age ranges, including those moving for work or setting up their own businesses.
Brexit has had a huge impact, and many people are bringing forward their dream move so that they can meet the residency criteria that will be in place from 2021. There is still doubt and uncertainty for sure. The ability to move freely throughout Europe and live where we like will, in the future, be subject to a new set of rules for us.
There will be an ability to apply for the long-stay residency visa from July online, known as the ‘carte de séjour’. This should simplify the process, reducing the paperwork and numerous appointments at the local prefecture.
(amounts valid as of April 1, 2020)
Number of children or persons in your careLiving aloneLiving as a couple0564,78 €847,17 €1847,17 €1016,60 €21016,60 €1186,03 €Per child or person in your care225,91 €225,91 €
Information taken from the caf.fr website 01/06/20
Yes, our current understanding is that most forms of regular income are allowable, including pension, salaries, and rental income.
Ah, well here is the tricky bit. Drawing directly off savings or capital does appear to be a sticking point currently, as it’s not considered to be regular income.
This is where we come in. We can help you find a suitable home for your capital and set up a regular income plan that will help you meet the criteria listed above. It doesn’t have to be in Euros—if you prefer to keep your funds in sterling or dollars, we can provide that too. The plans will also meet the strict taxation criteria set by the French tax authorities, ensuring that you won’t get any nasty surprises later on in terms of taxes.
If you would like further details or to have a confidential discussion about your own personal situation, please do not hesitate to contact us.
The information on these pages, based on current regulations, is intended only as an introduction and is not designed to offer solutions or advice. Beacon Global Wealth Management can accept no responsibility for losses incurred by acting on the information on this page.
Before you engage us, we’ll get to know you to make sure we’re a good fit in terms of understanding what is most important to you.
After our discovery call, we will summarise our understanding of your current situation and the key objectives which will ensure we're aligned with your goals.
Once you’re happy that we’re right for you, we’ll provide our recommendations and implement them for you. But there’s never any pressure from us to proceed – that’s just not our style.
We will implement your plan, constantly monitor and report on the performance to ensure your private wealth is optimised and aligned with your goals and working for you. Additionally, we’ll provide you with regular statements and a half yearly review to ensure that you remain up to date with any investment or tax changes and that we continue deliver for the long term.
