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Posted Wed, 15 Nov 2023 13:56:10 GMT by
My husband is planning to draw down some of his pension which he paid into in the UK. He is over 55, we now live in the Isle of Man, we have been told we cannot apply for the usual pension options because we have overseas bank account. So we can apply for as much as we like. However we have been told this will be taxed by the UK at source @ Emergency Rate. But the DT rules that I have read seems to imply it should only be taxed by IOM. Surely we are not liable to pay double taxation? If we were taxed in the IOM it would be at 20% it seems very unfair to have saved most of your life and then to be stung by Emergency tax. And if he is entitled to a refund how quickly will this happen?
Posted Wed, 22 Nov 2023 11:40:22 GMT by HMRC Admin 20 Response
Hi CATHYJAY JONES,
As its a UK pension it will automatically be taxed here for you then to claim it back via a double taxation relief claim
- Double Taxation: Treaty Relief (Form DT-Individual)
Thank you.

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