top cx logo
cx logo
Explorearrow down
search icon

Social charges on UK accounts

For the first time in 24 years social charges have been applied to my bank interest, which I receive paid gross from my British bank in the UK. Should I contest this? I do not pay tax as my income is just under the tax bracket after all deductions. I do pay around €450 social charges on gains from my French assurance vie, however this is the first time on interest from the UK. I have a valid S1 health form. J.P.

INTEREST from UK banks, paid in the UK, is liable to the French social charges for residents of France and always has been.

The only two reasons for which this may not have been done are that the tax office previously made an error, or the amount that was due might previously have been below the minimum threshold for collection.

However, social charges being levied on UK bank interest is correct and normal.

Reader's query answered by Hugh MacDonald

If you have a money query send it to news@connexionfrance.com We select questions for answer every edition

  • The information here is of a general nature. You should not act or refrain from acting on it without taking professional advice on the specific facts of your case.
  • No liability is accepted in respect of this article. It is intended only as a general guide. Nothing herein constitutes actual financial advice.
  • The Connexion welcomes queries and publishes a selection with answers every edition. However, please note that we cannot enter into correspondence on money topics. Queries may be edited for length and style. Due to the sensitive nature of topics we do not publish full names or addresses on these pages.
Resident or second-home owner in France?
Benefit from our daily digest of headlines and how-to's to help you make the most of life in France
By joining the newsletter, you agree to our Terms & Conditions and Privacy Policy
See more popular articles
The Connexion Help Guides
featured helpguide
Healthcare in France*
Featured Help Guide
- Understand the French healthcare system, how you access it and how you are reimbursed - Useful if you are new to the French healthcare system or want a more in-depth understanding - Reader question and answer section Aimed at non-French nationals living here, the guide gives an overview of what you are (and are not) covered for. There is also information for second-home owners and regular visitors.
Get news, views and information from France