Hi and welcome, Mutuelle is not private, it is a top up on the state system.
Options re social charges - wait until you are able to acquire a S1 - e.g. you or partner obtain an Irish / UK (?) state pension - or become a frontier worker, working / running a business in Ireland or UK for example.
And you can do the maths for the lump sum because it depends on what your marginal rate of tax is in France. For example, if you are on 0% tax band, it may be better to take a certain amount each year from the pension.
Though i’m sure the lump sum prelevement works out better for most.
Thank you, much appreciated, have some maths to do!
Good luck and enjoy France.
Obviously for you to work through but even without an s1 a combination of quite low tax on the lump sum then putting the proceeds into an assurance vie (which is a french investment account that has some decent tax benefits after a few years) is something you may want to look at.
With a big sum its worth seeking out a good financial adviser there are ones Cat recommends and I also use.
Thank you, much appreciated
Hi George, apologies for annoying you again.
Regarding proof re pension is tax deductible;
I have a personal pension plan that I have made monthly payments into myself for aprox 20 years now. (no employer contributions).
What proof will they require of the pension being tax deductible? Will a letter from the pension company suffice? I am looking at a lump sum of slightly over 100k , so nothing huge.
Again, your advice much appreciated.
The pension itself will show the HMRC contributions. You may have SA returns if you were a higher rate tax payer. And on this site there are quite a few documents to prove UK pensions are tax deductable.
Though you will not need to provide proof if the impot doesn’t question your declaration!
Hi larkswood,
Thank you for your reply.
My pension is from Ireland.
Ah yes, sorry I think you mentioned. Presume checking out Irish pension regs then?
Hi Dermaleen,
I would have thought you would want to have to hand (in case of future questions) evidence from your Irish pension provider that the scheme is Irish tax approved and that contributions have been made into it.
Do you have copies of one or more IRC tax assessments based on your Irish tax returns that would show the deductions for the pension contributions, ie if they actually appear on your assessments?
I would also copy from the internet the IRC Manuals (on Revenue.ie) extracts showing how tax relief on Irish personal pensions works, and then use a translation tool to turn it into French to make life easy for the Impôts. I assume there would be no deductions shown on your payslips if it’s a personal pension, but anything you have that shows actual deductions is good. Finally do you get an annual pension declaration to show contributions made in a sample tax year? Obviously the more independent evidence assembled the better, in case of such questions.
Best of luck.
Thank you George. I will look into all of the documents you have mentioned.
Hi again George.
I get a Pension Plan Annual Statement from Acorn Life every April, the most recent one arrived a few weeks ago and has my info on it including when the policy commenced, the total contributions I have paid into the policy from commencement and the policy value at 20/04/2026.
It also mentions that a revised tax certificate (R.A.C) will be sent to me shortly.
Is this the type of documentation that they would require?
Excellent.That is exactly the sort of information including the RAC that will be helpful to be able to provide to the Impots, (but obviously only if they challenge/question your claim).
Thank you George, have a nice week.