sivarajm

Thanks very much. Have read Article 19 & 20 , i interpret that any payments received owing to past employment in India (which is what the provident fund payment refers to ) is not taxable in UK and is taxable only in the Contracting state i.e. India. Is my interpretation correct. Please confirm Also did I need to show this receipt in my tax return? Thanks for your response to both the points

Hi , I am a UK resident since September 2022. Prior to that I was a tax resident & employed in India for 15 years. I left my employment and moved to UK in September 2022. During my employment in India, I contributed to the Statutory employee Provident Fund ; in addition to the employer contribution . I have made NO contribution to the fund after my arrival into the United Kingdom (September 2022). The Total fund consists of my contribution + employer contribution+ accumulated interest (pre Sep 2022 + post Sep 2022). I am now planning to withdraw the accumulated funds and remit the same to UK . Based on the above advise I take it that as the payments in the fund occurred in the tax years before becoming a UK resident , these amounts will not be taxable in the UK. Please confirm. Regarding the interest earned, will the interest earned pre-Sep 2022 (before my arrival into UK) will it be taxable in UK ? I do understand that interest accrued post Sep 2022 is taxable. Grateful if you could advise on the above and whether this advise changes owing to the new budget announced yesterday. Many thanks for your advise