US pension and UK Tax

Are regular distributions from the US government Thrift Savings Plan taxable in the UK?

Hi mark bartram,
If you qualify for split year, then you only report any foreign income for the UK part of the year. You can see guidance here:
RDRM12000 - Residence: The SRT: Split year treatment
If you do not qualify then you will need to report all your foreign income to the UK. Please see the following guidance:
Tax on foreign income
The guidance below will help you work out if split year treatment applies.  
RDRM12150 - Residence: The SRT: Split year treatment: Case 4: Starting to have a home in the UK only
Thank you.
 

Hi ,
 

It is only for actual paid out pensions prior to that date . Thank you  .

Hi TonyD ALD,
There is no legislative definition of a Lump Sum but HMRC regards these as being any non-periodic payment of a pension -
That is, any non-regular payment that decreases the value of the remaining pension pot after such payment is made.
For example, the first (IRA) withdrawal is taken in year 1, the next withdrawal was made in year 5, and another withdrawal in year 7;
such payments will not be regarded as periodic and will be treated as Lump Sum’s under the UK/USA DTA.
Whereas any amount withdrawn in set, periodic, frequent intervals (e.g. weekly, monthly, annually etc.) would not be a Lump Sum, but rather periodic payments. 
Thank you.

Hi Anne Drysdale,
Periodic, frequent, payments or withdrawals (e.g. weekly, monthly, annually etc.) payments are taxable within the UK and ‘maybe’ exempt from US tax.
This is in accordance with Article 17(1)(a) of the DTA.
Thank you.

Hi Admin20, I appreciate your reply but I had already read HMRC's definition of Lump Sum and I was seeking further clarification for my situation ie. ad hoc withdrawals each year, where I initiate each withdrawal with respect to date and amount, not regular pre-arranged payments. I think these are multiple lump sums but I don't know if that is correct. Please see my previous post also. Thank you.

Hi
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.