Tax on provident fund

Hi, I am a Hongkonger. I have worked in Hong Kong for over 30 years. I will relocate to UK in early October 2023 using BNO Visa. However, my provident fund will be transferred to my account in about late October 2023. Under UK/Hong Kong Double Taxation Treaty and DT9207, pensions arise in Hong Kong are taxable ONLY in Hong Kong. Therefore there is no liability to UK tax for a Hong Kong pension received by a UK resident after 5 April 2011. Please confirm my understanding is correct. Many thanks

Hi,

Yes, that is correct.

Thank you.

Thanks a lot

Hello, I became a UK tax resident starting from July 2023, which is the date of my arrival in the UK. I had a job before coming to the UK, and my provident fund, a type of pension in Hong Kong, was paid after my arrival in the UK. Based on my understanding, Article 17 of the UK/Hong Kong double taxation agreement advises that 'Pensions and other similar remunerations' arising in Hong Kong and paid to a resident of the UK, in consideration of past employment, are only taxable in Hong Kong. As this income is not taxable in the UK, I do not have to report it in my self-assessment tax return. Could you please confirm this? Thank you.

Hi,
You do not need to report it as income but can make reference to it in the comments section.
Thank you.