Can anyone assist us. My partner and I are considering moving to France and becoming French residents. This is facilitated by the fact that we already have a French holiday home which we could use as our French residence.
What we are trying to fathom out is the tax and financial implications of such a move. We are both 59 so under State Pension age. As such, we believe that we would not be eligible for S1. Consequently, we would need to prove economic self-sufficiency to become accepted into the French health care system. In order for this to happen we believe that we have to pay French social charges on our income. Is this correct?
Our income is twofold - UK pension income, and income from our UK based company. Does anyone know what the rate of social charges is?
The income tax position seems more straighforward with the income being applied on a household basis according to combined income levels. Again, is this correct?
Is there anything else we need to consider. we know about wealth tax, tax d’habitation and tax foncieres.
Your anticipated assistance greatly appreciated.