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Singapore CPF monthly payouts

Answer
Philip
Posted Sun, 12 May 2024 10:07:16 GMT by Philip
HMRC had replied in this forum that CPF contributions made before 6 April 2017 are tax exempt when the lump sum is received. Would CPF monthly payouts from the pre 6 April 2017 contributions, received by a UK tax resident, also be tax exempted?
HMRC Admin 32 Response
Posted Thu, 16 May 2024 09:51:06 GMT by HMRC Admin 32 Response
Hi,

No. Article 18 of the UK / Singapore tax treaty states that sums payable to an individual periodically at stated times, are taxable in the UK.  
The 2012 tax treaty amendment, is effective in the UK from 1 April 2013. 

1997 Singapore - UK DTA as amended by the 2012 Protocol

Thank you.

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