Here are the latest prices for transferring money from UK to France
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Top 11 Money Transfer Providers
Exchange Rates as of 2018-06-22T20:59:58+00:00
Moneycorp
Amount Received
EUR €11,263.07
GBP £194.86
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saved vs. banks
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Amount Received
EUR €11,285.83
GBP £214.86
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saved vs. banks
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OFX (prev. UKForex)
Amount Received
EUR €11,274.45
GBP £204.86
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saved vs. banks
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FC Exchange
Amount Received
EUR €11,274.45
GBP £204.86
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saved vs. banks
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WorldFirst
Amount Received
EUR €11,282.98
GBP £212.36
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saved vs. banks
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Western Union Business Solutions
Amount Received
EUR €11,206.19
GBP £144.86
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saved vs. banks
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RationalFX
Amount Received
EUR €11,280.14
GBP £209.86
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saved vs. banks
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Amount Received
EUR €11,251.70
GBP £184.86
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saved vs. banks
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Currency Solutions
Amount Received
EUR €11,284.69
GBP £213.86
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saved vs. banks
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Smart Currency Exchange
Amount Received
EUR €11,280.14
GBP £209.86
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saved vs. banks
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Rates From The Average UK High Street Bank
Amount Received
EUR €10,829.27
GBP £0.00
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saved vs. banks
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How to Transfer Money from UK to France
Summary
There are no restrictions on sending money to France from the UK. With an estimated 300,000 French passport holders in the country, the UK is a popular destination for French expats who might wish to repatriate part of their salary if their stay is not intended to be permanent. Meanwhile, France is a popular retirement destination for many Britons who may need to transfer their UK pension. France is also one of the UK’s major trade partners, with the UK importing some £23bn (€30bn) of goods from across the Channel in 2013. As such there are many reasons to send money from the UK to France.
Buying or renting property in France
Buying and selling of property in France takes a long time. Purchase of a property is controlled by a Notaire who is responsible for examining the agreement to purchase property which you will sign. The Notaire is also responsible for ensuring that you understand what you are signing. It is advised that you speak to other expats who have bought property in the area of your choice or a local estate agent, who can recommend a local Notaire
British expats should understand that in France inheritance laws are clear and all property will be divided among surviving children. This is very important for married couples where one or both of them have children from previous relationships. Therefore if you are buying a property in France, it is advisable to make a Will in France at the same time which can override this automatic split between surviving children.
There are some key differences in UK and French capital gains tax laws so you should seek advice on this area before buying (or selling) a property in France and before you send money to France from the UK to purchase the property.
Visas and Immigration
French and British citizens wishing to relocate to the other county, whether for work or retirement are free to do so and do need a resident or a work permit. However they must have a valid passport. After six months a residence permit is required.
Retirement and pensions
Over the years, France has become one of the most favourite retirement destinations for expats from the UK, with some 57,000 retirees settling there as of 2012 according to the UK’s Department of Work and Pensions, and the Institute of Public Policy Research. The UK state pension can be paid to expats in France but the EU has ruled that the UK is not obliged to make increases to pensions. You can then make frequent overseas transfers from your UK account into a French bank account to support your retirement.
British expats in France
The UK government’s rules and regulations govern the way the taxman and social services consider and treat the UK expatriates in France. They become more complex once they are combined with the rules of France. You are recommended to seek specialist tax and financial planning advice. In particular, make sure you know the following:
- Your resident status
- Your property plans
- Your current taxation situation
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The website and the information it provides on this site is for informational purposes only, and does not constitute an offer or solicitation to sell shares or securities. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly, this website and its contents do not constitute investment advice or counsel or solicitation for investment in any security. This website and its contents should not form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. FX Compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.