Beacon Global Wealth News

When it comes to retiring to France from the UK, one of the most imperative requirements for a successful visa application is for your financial circumstances to be in good order. We talk to Jennie Poate at Beacon Global Wealth, a wealth management firm specialising...

The French government have released the proposed income tax rates and bands that will apply next year on 2021 income. Although income tax rates remain unchanged next year, the income bands on which the rates apply have been increased by 1.4% from those of the current...

At Beacon Global Wealth we meet many interesting people from all over the World. People who have packed up their bags left behind family and friends, whether for lifestyle or professional reasons and have relocated to different climes and cultures.  With this major...

We have seen recently a number of UK financial institutions change their stance for clients who live outside of the UK and companies including the likes of Aviva not allowing online access for clients which is causing confusion....

  We have seen recently a number of clients be caught out on the above ruling, including those who use an accountant. If you are tax resident in France, you must declare each year your bank accounts, investment policies and insurance contracts. It does not...

You may have seen emails alerting you to a new fraud specific to the financial services advice industry. We are not aware of any of our clients having been targeted in the way described below, but it is our responsibility to do everything we can to educate our clients...

The UK left the EU on 31 January 2020. The transitional period ran until 31 December 2020 and the UK is now a “third country” and no longer part of the EU’s economic structures. This might affect how your UK investments or pensions are serviced in the future. If you...

The European Health Insurance Card (EHIC) is to be renamed the Global Health Insurance Card (GHIC) For those in France whose health cover is supplied via the SI form when receiving the UK State pension, the new website for a replacement card is the following:...

Post/Parcels Letters and large letters containing only correspondence, commercial invoices or shipping documents do not require a customs declaration, the rest do. They can be downloaded from the following sites. France:...

The provisional bands and rates for 2021 for 2020 household income are below and are subject to parliamentary approval in December 2020. The income levels in each band will increase by 0.2% for inflation, but for two bands the maximum income figure has been reduced as...

To apply for the new France Residency Card online, you need to go to the following French government site https://contacts-demarches.interieur.gouv.fr/brexit/brexit-demande-titre-sejour/, before you apply you will need to prepare the documents that are needed to...

If you are already France tax residents (or moving to France) and you take financial advice from the UK or your investments are still UK based, what do you need to think about as the end of the Brexit transition period approaches? Reassuringly, citizens’ rights for UK...

https://brexit.gouv.fr/sites/brexit/accueil/vous-etes-britannique-en.html “How to prepare for Brexit? Following the ratification of the withdrawal agreement, the United Kingdom’s exit from the European Union took effect on 1 February 2020. This agreement provides for...

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...

Well over one Trillion Euros (well over one Million, Million Euros) is now held in Assurance Vie (AV) policies and life insurance remains the preferred investment for French tax residents. Although the idea was born in the middle of the 17th century, the Assurance Vie...

It’s not about timing the market, it’s about time spent in the market In today’s low interest rate environment (and if it is at all possible, interest rates now seem to be getting even lower!), to achieve any growth a measured amount of risk has to be taken, meaning...

    The French Government have just issued the following update: Saisine des services de l'Étatpar voie électronique The website ONLINE PROCEDURE TO REQUEST A RESIDENCE PERMIT FOR BRITISH CITIZENS RESIDING IN FRANCE BEFORE THE UNITED KINGDOM’S WITHDRAWAL...

I’ve been giving financial advice to English speaking clients who live outside of their home country now for the last 23 years (of which the last 13 years in France) and they certainly are a varied bunch of folks Some have settled into their new country and new...

For whom is this service meant? This online service is meant for British citizens as well as their family members (spouse, children and parents of British nationality or third-country nationals residing on the French territory before the United Kingdom’s withdrawal...

It is the time of year when we find out what tax changes we will charged in the following year and wait for parliament to debate and finalise the proposed budget. President Macron’s government has announced €9 billion worth of tax cuts for families in France. France’s...

Up until now, British passport holders have been able to live in France and elsewhere in Europe with no Visa and no formal requirement to prove they have the means to live here. This is all likely to change with the UK leaving the EU. Current guidelines state that...

If you’re an expat living in France and wish to remain there post-Brexit, here are a few pieces of information you should know from the UK government website:

When your main home/principal residence is in France and you are a tax resident in France it is a legal obligation that you declare all your world/global income and capital gains

Rental income is always taxed in the UK using individual personal allowances 2018/19 = £11,850. So, you can receive £23,700 between you with no income tax to pay.

Did you know that there are different type of financial advisors?
When you search for a financial advisor, how can you be assured that they are right for you?

France: Principal tax rates 2019 (for income in 2018)

In the UK there is a 7-year survival period on gifts

Increasingly we find our clients interested in ethical and sustainable investments and we have undertaken much research and work in this area.

For people living in France, the Assurance Vie (life insurance) is considered one of the best ways to invest money and organise your inheritance