Hi Chaitanya Rekhi,
1. As this is seen as a refund of contributions and not an actual pension then it is not subject to tax in the UK.
2. The transfer of the capital will not be taxable but any interest/dividends that the funds then generate willl be taxable income.
3. The transfer of the savings is the same as point 2. if leaving the income abroad, you will need to declare the interest as foreign income.
4. f you sell your house, you could be liable to Capital Gains Tax if it has not been your main residence for the whole period of ownership
Tax when you sell property Skip to contents of guide Contents
the transfer of the actual capital thereafter is not taxable.