UK tax on lump sum withdrawals from Malaysia EPF

Hello Before I came to live in the UK in 1998, I was a Malaysian citizen and worked in the private sector there. I and my employers contributed to the Employees Provident Fund (EPF), which is Malaysia's compulsory government-run pension scheme. I now reside in the UK. Since living in the UK, I have made ad hoc personal contributions from taxed income, not matched by an employer. I have not yet made any withdrawals. I am now thinking of withdrawing a lump sum. Please can you advise how it will be taxed in the UK? Thank you 

Hi,

If the employee provident fund in Malaysia is taxable in Malasia, then for UK residents in receipt of this fund, are taxable on it only in the UK.  Article 19(1)

UK/malaysia Diuble Taxation Agreement

Regular payments as well as lump sums are taxable in the UK.

Thank you. Does this mean it is taxed as regular income, at the marginal rate?

Hi,

Yes, it will be taxed as regular income and the rate of tax depends on your overall income.

Thank you.