Go Back  British Expats > Living & Moving Abroad > Moving back or to the UK
Reload this Page >

Moving back to uk - move pension

Moving back to uk - move pension

Old Sep 18th 2020, 5:49 am
  #1  
Just Joined
Thread Starter
 
Joined: Apr 2020
Posts: 17
Jac2020 is an unknown quantity at this point
Default Moving back to uk - move pension

Hello

My husband and I had never worked in the UK and after 20+ years of working, we have pensions here.

There are some capital gain but I am not sure how much. We think of selling all and transfer the money back to UK to reinvest in mutual fund, if that is easier.

Is this the right approach?

I note there is a ISA and SIPP where investment is tax free? Given there is a yearly limit on those, we won't be able to put everything in. What's the best way for the rest? Should we setup with a brokerage or a bank ?

Jac
Jac2020 is offline  
Old Sep 18th 2020, 6:15 am
  #2  
Forum Regular
 
Joined: Sep 2013
Posts: 32
cator is an unknown quantity at this point
Post Re: Moving back to uk - move pension

I would have thought you'd be better off keeping your money in Euro at least at the start. After filling out your ISA entitlements you can leave your investments in France and pay any capital gains in the UK. You seem to be comfortable with french investments so why change them? You will be considered as a non resident in France so no social charges, and your french bank will continue sending you the relevant documents for your UK tax returns on capital gains.
cator is offline  
Old Sep 18th 2020, 6:22 am
  #3  
SUPER MODERATOR
 
christmasoompa's Avatar
 
Joined: Oct 2007
Location: In a darkened room somewhere.............
Posts: 31,256
christmasoompa has a reputation beyond reputechristmasoompa has a reputation beyond reputechristmasoompa has a reputation beyond reputechristmasoompa has a reputation beyond reputechristmasoompa has a reputation beyond reputechristmasoompa has a reputation beyond reputechristmasoompa has a reputation beyond reputechristmasoompa has a reputation beyond reputechristmasoompa has a reputation beyond reputechristmasoompa has a reputation beyond reputechristmasoompa has a reputation beyond repute
Default Re: Moving back to uk - move pension

Originally Posted by cator View Post
I would have thought you'd be better off keeping your money in Euro at least at the start. After filling out your ISA entitlements you can leave your investments in France and pay any capital gains in the UK. You seem to be comfortable with french investments so why change them? You will be considered as a non resident in France so no social charges, and your french bank will continue sending you the relevant documents for your UK tax returns on capital gains.
Have I missed something, why do you think the OP is in France? I can’t see where they’ve mentioned the country they’re in but on their profile it says they’re in Hong Kong?
christmasoompa is offline  
Old Sep 21st 2020, 9:40 am
  #4  
Happy To Help!
 
TopNik's Avatar
 
Joined: Nov 2012
Location: Everywhere
Posts: 151
TopNik is a jewel in the roughTopNik is a jewel in the roughTopNik is a jewel in the roughTopNik is a jewel in the rough
Default Re: Moving back to uk - move pension

Originally Posted by christmasoompa View Post
Have I missed something, why do you think the OP is in France? I can’t see where they’ve mentioned the country they’re in but on their profile it says they’re in Hong Kong?
I was also wondering the same thing
TopNik is offline  
Old Sep 21st 2020, 11:32 am
  #5  
Forum Regular
 
Joined: Sep 2013
Posts: 32
cator is an unknown quantity at this point
Default Re: Moving back to uk - move pension

Sorry! Thought I was on the France forum.
cator is offline  
Old Sep 21st 2020, 11:43 am
  #6  
Just Joined
Thread Starter
 
Joined: Apr 2020
Posts: 17
Jac2020 is an unknown quantity at this point
Default Re: Moving back to uk - move pension

no worry, I am in Hong Kong , Asia, if that matters
Jac2020 is offline  
Old Sep 22nd 2020, 8:11 am
  #7  
BE Forum Addict
 
ianandhelena's Avatar
 
Joined: Aug 2005
Location: Kingston, Tas
Posts: 2,193
ianandhelena has a reputation beyond reputeianandhelena has a reputation beyond reputeianandhelena has a reputation beyond reputeianandhelena has a reputation beyond reputeianandhelena has a reputation beyond reputeianandhelena has a reputation beyond reputeianandhelena has a reputation beyond reputeianandhelena has a reputation beyond reputeianandhelena has a reputation beyond reputeianandhelena has a reputation beyond reputeianandhelena has a reputation beyond repute
Default Re: Moving back to uk - move pension

I sent you a PM.
ianandhelena is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.