Has anyone had experience of cashing in the whole of their UK SIPP Pension and being taxed in France at the prelevement forfaitaire rate of 7.5% on the WHOLE amount (minus the 10% abatement)?
The reason I’m asking is because I have other income in France so wish to avoid any part of my cashed-in SIPP being taxed at my marginal rate of tax.
I’ve heard conflicting advice - some say only 25% (the portion which in the UK is tax free) of the SIPP would be at the 7.5 rate and the remainder would be at my marginal rate of tax.
Has anyone cashed in the whole amount?
If so, how did you go about this with the French tax office? Did you check it with your local tax office first or just put it on your French tax return?
Thanks in advance .