TaxQueries Singapore
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RE: Singapore CPF
I have to other CPF related questions I hope you can assist with: 1. If I maintain my CPF in Singapore whilst UK tax resident, and make investment fund switches within the CPF account, does that create a capital gains tax liability to HMRC if a gain is realised, or is tax only payable on withdrawals from CPF (i.e. CPF receives gross roll up like a UK pension)? 2. Can you confirm how HMRC will tax CPF LIFE income payments that I receive whilst UK tax resident. These are effectively like annuity payments, so I would like to understand if they just get added to my taxable UK income or if there are any exemptions (for example pre/post 2017 contributions, or is that not relevant since this is effectively annuity style income)? Many thanks -
RE: Singapore CPF
Hi there, continuing this thread in order to know whether CPF is tax deductible in the UK we need to know if CPF qualifies as QOPS. I am aware CPF is not on the QROPS list, but is there a similar list for QOPS? I have read the link shared above but it doesn't definitively answer whether or not CPF is a QOPS? Thanks