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Posted Sat, 21 Sep 2024 16:44:20 GMT by SSG
Hi, Please can you advise the UK tax treatment on lumpsum sum withdrawal of Malaysia EPF amount into UK for the current year. The lumpsum is made of employer and employee contributions made prior to 2016 but may include some interest/dividend accrued after 2016 until 2023. Is the entire lumpsum taxable in UK or only the amount /interest income after April 2017 and onwards? Many thanks.
Posted Mon, 30 Sep 2024 12:06:49 GMT by HMRC Admin 19 Response
Hi,
The tax treaty between the UK and Malaysia can be seen here:
UK/malaysia Double Taxation Agreement
Article 19 covers pensions and annuities. The EPF fund is taxable in the UK.
Thank you.

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