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Posted Mon, 13 May 2024 09:58:38 GMT by PETER MURRAY
Hi HMRC, can someone please just give me a straight answer YES or NO can I take advantage of the 25% tax free allowance from my Pension Pot which is an Australian approved Pension Fund, now as of 2017 we are being told is now being treated the same as UK Super funds for taxation purpose's as all UK pensions so we assume should be OK?? We know balance of the fund after above taken will be subject to 20% tax and can claim Foreign Tax relief on this as already Taxed in Aust when we do our yearly self asscessment. So many different answers coming back on this subject, can't be rocket science, YES or NO if possible please. Regards PM.
Posted Thu, 16 May 2024 09:53:26 GMT by HMRC Admin 25 Response
Hi PETER MURRAY,
Please refer to:
EIM75550 - The taxation of pension income: lump sums from foreign pension schemes
Thank you. 

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