UK Pension Lump Sum Withdrawal - Australian Resident

From 1st of April 2024 or shortly after I will return to Australia to live permanently, I will have no UK employment or income after that date and no home in the UK. I may spend up to 42 days after that date in the UK, mostly holiday with some final packing and moving. I intend to withdraw my UK Pension as a lump sum, understanding that this will have emergency tax rate applied by the pension provider on withdrawal, and also that under the taxation treaty with Australia this is taxed in the UK. My questions are: 1. What is the process to go about claiming the difference between the emergency tax and the appropriate tax for my situation (no other income) and can I do that immediately? 2. Is there any National Insurance implication. I think as I am no longer a resident of the UK there should not be any NI taken from this lump sum payment, but not wanting to make assumptions?

Hi,

You can see guidance here:

Tax on your UK income if you live abroad

Thank you.