Blevins Franks seminars

Dave_Lawson · 29 January 2024 10:42

This is it and yes George! Seems a very knowledgeable chap!

Tax ruling on taking 2 pension lump sums/7.5% tax rate Tax & Social charges

This lengthy post (for which advance apologies) will probably only be of interest to those who have taken (or plan to take) a pension lump sum (‘No 1’) before coming to France AND taking another lump sum (‘No 2’) from the same plan AFTER coming to France. Specifically the issue is whether you can obtain the favourable 7.5% French tax rate on lump sum No2? Ordinarily that rate only applies to single lump sums that distribute the entirety of a plan, with limited exceptions. The issue has been discussed on SF previously, and @larkswood12 in particular has kindly provided me with references to official Tax Bulletins that explore the French tax administration’s perspectives. For completeness I made a formal request (‘un rescrit’) in June this year for an advance tax ruling from the tax administration. The question was whether, having taken No1 lump sum whilst UK resident (tax free up to 25% of fund in UK) I was able to take No 2 lump sum, ie the balance, whilst French resident and benefi…