Savings

[hughnique]

have a savings account in the UK but as we all know the interest rates are pretty poor, 2% at the moment.

Does it have to be in ££ .. the tax-free, soc. contrib.-free accounts Livret A and LDDS offer 3% .. the LEP offers 6% .. but it depends on the amount you are talking about as the upper limit for a Livret A is 23 000€ each, for a LDDS it's 12 000€ each and for a LEP it's 10 000€ each.
Nothing to declare and no tax to pay. Each being you and your wife.

That LEP was one the CA woman spoke about, yes 10K€ each, I am sure she quoted 6%, if you leave it for 18 months, she said you will get 600€ interest, but that's not 6% is it??

[suein56]

With that grasp of figures perhaps she shouldn't be working in a Bank.
Though .. as Interest is only paid at the end of the year and you leave your money in for 18 months then you will receive 600€ at the end of the 1st year and then have to wait to receive the 300+€ at the end of the second year .. so she might have a point.

[beejay]

Minus tax on same if you're French resident.

op ............."I have a savings account in the UK"

[Quiksilver]

Skipton International do a rather good 1-year placement. Tailored for Brits who live abroad. Not tax and Social charge-free but I think the SC rate for S1 holders is 7.5% on interest?

I've just had a look too. They're no longer offering the 1 Year Fixed Rate Account. Strangely, it doesn't appear in the 'withdrawn' list either. I got one just in time, it seems. Apologies to Hughnique for mistakenly getting his hopes up Unless it's absolutely imperative to keep the money in £££££s, though, the LEP, LDDS and Livret A are by far the best bets, as no fiscal implications for French residents.

[elsie]

There are revenu fiscal de référence (RFR) income limits which you have to be under to apply for a LEP; below 21,393 € for a single person or 32,818 € for a two-person household - see https://www.service-public.fr/particuli ... oits/F2367 for the full list of different quotient parts.