Skip to main content

beta This is a new service – your feedback will help us to improve it.

Mandatory Provident Fund

Answer
hyperyam
Posted Mon, 16 Sep 2024 11:16:06 GMT by hyperyam
Hi, Mandatory Provident Fund is a compulsory saving scheme (pension fund) for the retirement of residents in Hong Kong. It makes profit by making investment on shares or funds. This cannot be withdrawn after retirement. Is this taxable or not for BNO visa holders in case they reach the age of retirement and can withdraw the money? If yes, is this catagorized as capital gain tax? Thanks! Rgds, Hyperion
Answer
HMRC Admin 10 Response
Posted Tue, 24 Sep 2024 13:46:45 GMT by HMRC Admin 10 Response
Hi
The Mandatory Provident Fund is not taxable in the UK.  It is only taxable in Hong Kong.
 

You must be signed in to post in this forum.