Q&A Corner – Do I need to declare my UK pension (like a SIPP or ISIPP) to the French tax authorities?

Q: Do I need to declare my UK pension (like a SIPP or ISIPP) to the French tax authorities?

A: Yes, if you are a French tax resident, you must declare your UK personal pensions, including SIPPs and ISIPPs. These are considered as foreign investment accounts under French law, even if you haven’t started drawing income. You don’t usually need to declare a state or company pension.

To comply, complete Form 3916 for each plan, including provider details, account numbers, country (UK) and the opening date. Any withdrawals must also be reported on your annual income tax return (Form 2042 & 2047).

Penalties for non-declaration can be high, €1,500 per undeclared plan per year.