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  • Swiss Vested Policy - Swiss/UK Double Taxation Treaty and Self Assessment

    Good morning, I have withdrawn my Swiss Vested Policy (pension pot) as a lump sum last year, in June 2021. The applicable Swiss taxes have been retained by the Swiss Authorities before transferring funds to my UK bank account therefore, according to the UK-Swiss Double Taxation Treaty (art.18 and 19), UK tax is not applicable. However, I was wondering, do I have to declare these funds through the Self Assessment system anyway? Information online is confusing: some say yes fill the "Any other information" section in and submit, some others say it's not necessary. Could you please advise? Thanks