Is Pension Under ORSO scheme in Hong Kong taxble in the UK?

Hi, I move from the UK to Hong Kong about 30 years ago. I would like to know that if I move back to the UK, is my pension under ORSO scheme (a lump sum payment) taxable in the UK?

Hi ccmc,

Pension income from Hong Kong is only taxable in Hong Kong and you will not need to declare it in the UK .  
Article 17 of the Double Taxation Agreement between Hong Kong and the UK refers . Hong Kong: tax treaties .

Thank you.


 

I will also put all the income I earned before I become a UK tax resident into an account to setup Clean Capital. So if put my pension into the "Clean Capital" account, will this change the Clean Capital into a mix fund? Thanks.

Hi,

Please see below regarding mixed funds.

RDRM35210 - Remittance Basis: Amounts Remitted: Mixed Funds: Remittances from mixed funds - overview

Cleansing mixed funds

Thank you.