‘Tax credit’ pensions

These are declared in total, per person, by country of origin.

State gross pension income for each spouse individually:

2047 section 6

Enter recipient’s name, country of origin of the pension, income type (eg. pension de la fonction publique britannique or pension américain E 401(k)) and the total gross pension for each spouse. Total up the section (including any other ‘tax credit’ income, such as UK or US rental income.

2042 page 4 – section 8 – box 8TK 

Insert total from section 6 of the 2047 (combined with any income treated similarly, such as UK/US rent).

The Notes to the 2047 form ask you to declare this income more fully, in the same sections as for ordinary (French-taxable) foreign pensions on the 2047 and 2042. Tax officials say this helps tax offices to work out tax credits.

There is a box for foreign ‘tax credit’ pensions in the 2042. 

So, declare ‘tax credit’ pension income in 2047 section 1, line 12, selecting the public box for pensions from working for the state, or privé for other pensions (or both, if a mixture) and in 2042, section 1, boxes 1AL/1BL.

Note that US retirement pensions are all ‘tax credit’ pensions, whereas only UK ‘government’ pensions are considered as such (the start of chapter 5 for more about these), but do not cross public if they are not government – public service – pensions.