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Posted Wed, 06 Nov 2024 15:46:40 GMT by mittalsalil
I have lived and worked in UK from 1996-2023 and been a british citizen since 2003. In Jan 2024 I took up employment in an Indian company based out of Delhi, India and will be continue to be employed until Mar 2026. I do regularly come and visit UK every 6 months or so for 3 weeks period in each visit. As I will be reaching 55 years in December 2024 and will be in India, do I need to pay tax in India if I take 25% withdrawal from my UK pension.
Posted Tue, 12 Nov 2024 11:16:59 GMT by HMRC Admin 21 Response
Hi,
Article 20 of the tax treaty between the UK and India UK/India Double Taxation Convention does not mention lump sums.  
This means that HMRC can tax your lump sum.  It also gives India the right to tax the lump sum.  
You would need to claim a tax credit in India for any UK tax paid under article 24 for the elimination of double taxation.  
If you take a regular pension payments paid at regular times, then this is only taxable in India.
Thank you.
Posted Tue, 12 Nov 2024 17:31:02 GMT by mittalsalil
Thanks for the advice.

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