Pension Tax

Hi, i am doing some forward planning, regarding my future pension income, for health reasons i am considering living abroad in a warmer, drier country. I have friends who live in TRNC ( Turkish republic of North Cyprus) this is one country i am considering moving to and becoming a tax resident there. Can you advise how my UK pensions will be taxed if i reside in North Cyprus ? I will eventually have 3 pension incomes, my state pension, a workplace pension and a SIPP pension, all starting at different dates. If i reside in North Cyprus, will my pensions be paid into my Northern Cyprus bank account Gross , then i will have to deal with the taxation in North Cyprus ? Thanks in advance.

Hi,
We cannot comment on future events as legislation and, or, plans may change.
Thank you.

Hi , thanks for the reply , maybe i was a bit vague in my original post regarding the timescale, i'm actually moving to North Cyprus in January 2025 , can you provide an answer to my query now ?

Hi,
It is still in the future but based on current guidlines - The Double Tax agreement effective 18th July 2018 is between the UK and the Republic of Cyprus (also a member of the EU).
Northern Cyprus is considered by the international community to be part of the Republic of Cyprus.
However taxes paid by individuals or businesses to the so called Turkish Republic of Northern Cyprus would not be recognised as falling under the Agreement as they are not paid to the Republic of Cyprus. As a result, no DTA form could be verified and your income would remain liable in the UK.
Thank you

Hi, can you advise, is there a DTA between the UK and Turkey ? If so, and i retire to Turkey, i then gain tax residency in Turkey , would my 3 UK sourced pensions be paid Gross to my bank account in Turkey ? What forms would i need to complete for HMRC to assign the NT tax code for my pension providers and for my state pension ? Thanks in advance .

Hi,
Please have a look at articles 18 and 19 of the UK/Turkey double tax agreement below:
UK/TURKEY DOUBLE TAXATION AGREEMENT
If you have relocated to Turkey and you have commenced reciept of your private pensions, you would complete the form below and declare your private pensions, including state pension:
Double Taxation: Treaty Relief (Form DT-Individual)
Please send the completed form to the Turkish tax authorities for validation. They will return the validated form to you, so that you can then send the validate form to:
HM Revenue and Customs,
Pay As You Earn and Self Assessment,
BX9 1AS,
United Kingdom
Thank you.