Retiring in France
DO’S
- Make a clear distinction between types of residency
Carefully consider your stay. Do you want to live in France permanently or just for a few months each year? A primary residence has different legal, tax, and administrative implications compared to a second home. - Explore the French healthcare system
The French healthcare system is renowned for its quality, but access to the national health insurance (“Sécurité Sociale”) is not automatic. Check if you are eligible and consider taking out supplementary insurance if necessary. - Learn about tax regulations
As a retiree, your tax obligations may differ depending on your nationality and income sources. Seek advice from a specialist to understand how French tax laws apply to your situation. - Plan your retirement income carefully
Review how group insurance and collective pension plans – such as those from your former employer – contribute to your retirement income. Ensure your income is sufficient to enjoy life in France. - Learn the language and culture
While English may be spoken in some regions, speaking French opens many doors. Additionally, a basic knowledge of the language and culture will help you integrate more easily into your new environment.
DON’TS
- Do not neglect the legal and administrative aspects
France has specific rules regarding immigration, taxes, and property ownership. Do not ignore these, as small mistakes can have significant consequences. - Don’t rush into buying a property
While it may be tempting to quickly purchase your dream home, it’s wiser to rent for a while first. This gives you the opportunity to get to know the region better and make an informed decision. - Don’t forget your financial obligations back home
Take into account any potential tax obligations or other responsibilities in your home country, especially if you continue to receive income from abroad. - Don’t overlook cultural differences
France has its own way of doing things, from bureaucracy to social norms. Patience and an open mindset are crucial to avoiding frustrations. - Don’t leave your retirement planning to chance
A carefree retirement in France begins with a well-thought-out strategy. Seek professional assistance early to arrange all financial, legal, and practical matters. At RFN, we offer guidance and follow-up on your pension applications and group insurance, as well as an overview of tax and social security changes related to retirement. Learn more here.
With proper preparation, France can be an idyllic place to enjoy your retirement. By planning proactively and understanding both the opportunities and challenges, you can turn your retirement in France into a success story.