Wondering if anyone that has already been through this could offer some advice please. To cut a long story short. We have lived here almost 11 years, during this time hubby has continued to work in England and travel home weekends. He is in the construction indiustry which is suffering greatly at the moment. Was made redundant 2 yrs ago after 21 years with same company and since has had short term contracts. Hubby is 62 and is now fed up and tired of all the travelling and missing out on family stuff, understandably. He obviously can't touch his state pension untill 65. We have, or he has got a private pension he has been paying into and can take this now if he wishes. It won't be a lot, approx between 15-17,000 euros per year. So the plan is to give up work in England, come home to France, take the pension monthly and to then set up an activity as Auto Entrepreneur to top up the pension each month.So, my questions are... Obviously we have to declare this pension on our French Tax return but will it be taxed in England or France ?
Do we have a choice where it will be taxed?
What will the percentage of tax be ?
What is the best way to have it payed in order to save money? A currency exchange company?
I am covered for health care here by the Auto Entrepreneur scheme so I know that if hubby sets himself up he will be covered for health care too. I read somewhere that retirees are covered from England by an E106 for the first 2 years, will that be the case for him or does that only count for the official retirement age (65) ie those going to receive state pension?
It will be tight but if we can make it untill his 65th birthday then we will be ok as we'll then have his state pension on top of things. We don't have a mortgage or any loans so we're lucky that way, we do have a big house with lots of bills, same as everyone else, which we just can't sell at the moment because of the financial climate.
I hope all that makes sense and would so appreciate it if someone could offer some advice please.
Thankyou, Jane .