News & Insights

French QROPS can help protect from currency fluctuations

What is a QROPS?

QROPS is short for Qualifying Recognised Overseas Pension Scheme, a type of overseas pension scheme that meets criteria laid down by Her Majesty’s Revenue and Customs (HMRC) and enabled by EU human rights legislation.

With QROPS it is possible to transfer UK pension benefits without any sanctions or charges. French QROPS are available to those who have lived and worked in the UK but who intend to retire and live in France – this is true for those who were born in the UK as well as those who were born elsewhere.

Confidence in the face of currency fluctuations

With economists predicting fluctuations in the value of the pound over the foreseeable future, transferring to a QROPS in France could help mitigate against this risk while also being part of a sound wealth management plan.

Furthermore, a QROPS transfer can be useful in providing both greater scope for investment and for inheritance planning.

Contact Blacktower today for sound, expert advice you can trust

Other News

The New 30% Ruling – Make the Most of Your Tax Break Now

Alarm clockDespite the protestations of expats in the Netherlands, expat financial advisers and business leaders, the Dutch cabinet recently announced that it would proceed with plans to reduce the favourable 30% expat ruling from eight to five years.

However, there will now be a transitional period for certain expatriates, meaning they will have time to consult their expat financial advisers in the Netherlands to take the necessary tax planning steps to adjust to the new landscape. Nevertheless, there are still a number of consequences associated with changes to the 30% tax break that need to be explored. Here we will attempt to bring some clarity to those who may be affected by the new rules.

Read More

Assurance Vie and Fonds En Euro/Sterling

Simon VerityMany clients have sensibly opted to invest in Assurance Vie (Investment Bonds) type arrangements in France for the huge income tax and inheritance advantages offered though these products for French residents. A large selection of clients have also taken the option of using the Fond en Euros or Sterling funds preferring the guaranteed rates of return offered and the invested capital’s security.

Indeed so used are the Fond en Euros funds within Assurance vie “wrappers” that often clients believe that they are one and the same. The Fond en Euros main principles are that your capital’s value is guaranteed and you are given an annual rate of interest. The assurance vie ensures your funds grow free of French taxation due to the code of law relating to Life Insurance products. This combination has been so used in France and so much money tied up in these arrangements that the Government want to bring in a statute to limit the percentage invested into Fond en Euros per investor portfolio as they see this type of fund as stagnating the French economy and restricting investment into industry via the purchase of “actions” or shares. 

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information:

You are currently viewing the Blacktower Financial Management EU website.

You may be looking for the Blacktower United States website.

Blacktower United States > X Stay on this site

Or choose your country.