Quote:
Originally Posted by parsnips
Hi Nick, or is that Nicky N N?
Re giantpandas point re private pensions, tax advisers differ over how to declare these as they are not exactly equivalent to the french "rente viagère", which is how giantpanda suggests you declare. If you have a moderate income(less than about 20000€ taxable for a couple) it's best to declare these under" pensions ,retraites,rentes etc" and not"rentes viagères", and so avoid the 11% social charge altogether ,while almost certain to pay no
income tax.
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Hi!
Please note: I did not say that private pensions = rentes viagères.
I gave the French definition of a rente viagère à titre onéreux, which in English would be a private pension, but not the other way around.
So if you have a rente viagère à titre onéreux - one where the beneficiary is the only contributor - not other contributors whatsosever, you would declaring too much if you declared it as a normal pension.
Yours,
giantpanda.
NB. Most of my income are private pensions from different countries.