sonia Wong
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RE: Split year treatment
I am eligible to apply for the split year treatment and I will land Uk in the mid August. First, I would like to know whether I still entitle to the full allowance of £12570 in Tax year 2023/24? Or the personal allowance will be deducted by proportion according to my duration of stay in UK? Second, as I have my early retirement in another country and I have applied to get back my pension successfully before I left to UK. However, the pension can only be bank in to my account after I land in UK. Will the pension need to pay tax? thanks. -
RE: Split year treatment
Hi HMRC admin, For my understanding, I only have to pay UK tax on foreign income based on the time I landed in UK. Before that, I only have to pay tax for those income inside UK. How about the interest from the deposit of my bank account in HSBC Expat? The main branch is in Jersey. Is this income treated as a foreign income?