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Post by cernunnos on Jun 9, 2024 10:48:50 GMT 1
If I understand it correctly , it is the French State that pays the interest on the LEP , it is to help those without a large income to have savings.
So banks only do the work and make nothing .
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mysty
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Post by mysty on Jun 9, 2024 13:40:07 GMT 1
I took out one of these super deals living of the interest.
20.000 tied up for a year gives me 300 and something a year.
It can be cancelled at anytime but when my bank statement came in they charged 33 euros to transfer the money. If there is a charge to pay it out there is not a lot left to live on.
😄
Will not be giving up my day job.
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Post by cernunnos on Jun 9, 2024 15:53:01 GMT 1
I took out one of these super deals living of the interest. 20.000 tied up for a year gives me 300 and something a year. It can be cancelled at anytime but when my bank statement came in they charged 33 euros to transfer the money. If there is a charge to pay it out there is not a lot left to live on. 😄 Will not be giving up my day job. 1.5% and then probably social charges deducted afterwards , better to buy wine or give it to me!!  |
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Post by jardiniere on Jun 10, 2024 14:54:29 GMT 1
they charged 33 euros to transfer the money. Was this to transfer money from an LEP to a current account? |
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mysty
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Posts: 1,728
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Post by mysty on Jun 10, 2024 15:57:37 GMT 1
they charged 33 euros to transfer the money. Was this to transfer money from an LEP to a current account? Just from a business account into compte du terme. |
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Post by leclairon on Jun 10, 2024 17:02:12 GMT 1
I was interested that I am not the only one worried about where to put any additional interest on the tax form. I had decided that when the time came I would just contact the tax office and ask but if it comes through readily printed on the form then that is good. I am still trying to find out about Obligations which LPT mentioned - my lady at the bank has been away but has just come back and asked how much I want to put in, with no info on what it is so I need to pursue it a bit more and get more info.
At the moment I am trying to find out what has happened to a Wise transfer. They say they have sent it twice to CA - they say it was returned the first time but the bank say they have no knowledge of it! First time I have had a problem - usually there within seconds. Wise have told me to wait 2 days, download a receipt and contact the bank again. They assure me it is not lost ... CA told me they are often suspicious of Wise transfers - I am assuming the problem may be that there are a lot more transfers going through at the moment.
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Post by jardiniere on Jun 11, 2024 11:10:54 GMT 1
the bank say they have no knowledge of it! That is a worry. Also your bank's comment they are often suspicious of Wise transfers I hope it's resolved soon and doesn't happen again. |
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suein56
Member
Southern Morbihan 56 Brittany
Posts: 7,963
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Post by suein56 on Jun 11, 2024 12:23:47 GMT 1
CA told me they are often suspicious of Wise transfers I find CA's comment alarming .. 'suspicious' is a scary word to use if you are talking about Banking. |
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Post by leclairon on Jun 11, 2024 15:47:41 GMT 1
The transfer came through today. I sent it on Sunday - normally not a problem, maybe not ideal. The transfers are usually almost immediate. In years of sending Currency Fair transfers I never once had a problem though it took a bit more time than Wise.
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Post by iolar on Jun 12, 2024 14:15:14 GMT 1
3%/5% is a joke, I estimate the cost of living has gone up by at least 20%. Why not open a share dealing account and invest in safe income bearing shares. There are many 'safe' companies paying 7-9%. And then there's rising share prices as well.
If you are part of the social security here in France you get hammered 17.5% but if covered by an SI you pay only 7.05% - so in total 20% not 30%.
I decided on moving to France from Spain where there is no CGT on investments to exit the markets, something I regret. 2009 was a great time to get into the markets as was 2020. A couple of years ago I picked out a few shares that had been hammered due to Covid and one of them was Rolls Royce @ 44P, Netflix was another and some of the UK insurance stocks were no brainers.
I've found a company where |I can park cash in various currencies paying reasonable % and wait for the markets to reset.
Gaza is a horror story but Ukraine is the place that will have a profound effect on Europe, the Euro and Sterling.
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