Hong Kong QROPS

I transferred my UK a personal pension to an Isle of Man based QROPS whilst tax resident in Hong Kong in 2014. I moved back to the UK in 2020 and I’m now over 55 and would like to cash in the policy. I am a UK only tax payer now at the 40% rate. I’m led to believe that Article 17 of the UK/HK Double Taxation Agreement applies to the pension and that no UK tax is payable on surrender. Can you confirm? Many thanks.

Hi,

You will need to conatct our Self Assessment team to discuss this.

Self Assessment: general enquiries

Thank you.