HMRC Admin 19 Response

Hi Solo,

If this is similar to a gift, there are no income tax implications for you, there may be some for your mother if she receives interest.

You may wish  to check the tax rules with the tax authoriites in Sweden. 

Thank you.

Hi R C,

Suparannuations are classed as pensions for UK purposes and would therefore be taxed as such.

If the tax amount of 65% is based on a visa then you may wish to speak to the home office regarding this.

In terms of how the funds are paid you would need to speak to the fund holders.

Our pension scheme services also deal with pension administrations so they  may be able to help further:
Pension schemes 

Thank you.

Hi JJMurph,

Superannuations are treated as pension income. If you are a UK tax resident then this will need to be reported through a Self Assessment tax return. You can also show the tax paid on this and we then give foreign tax credit releif so that you are not taxed twice on the same income. 

Thank you.

Hi,

We need to look at the Double Taxation agreement with each country separately. UK/Singapore agreement - please see article 18 which states that the pension is taxable in the country the recipient is resident.

UK/Singapore Double Taxation Agreement 

Thank you.

Hi SHina,

There are no UK income tax implications but you will neEd to check with the bank for any charges.

Thank you. 

 

Hi,

As per Article 17 of the tax treaty between UK/Hong Kong, any pension payment arising in Hong Kong, paid to a UK resident, is taxable only in Hong Kong. This income will therefore not need to be reported to the UK. 

UK/HONG KONG DOUBLE TAXATION AGREEMENT AND PROTOCOL

Thank you

Hi,

The UK/Hong Kong treaty provides that all pensions which arise in Hong Kong are taxable only in Hong Kong, please see the link below:
DT9207

Therefore there is no liability to UK tax for a Hong Kong pension paid after 5 April 2011. 

Thank you.

Hi,

As a UK resident you will need to declare your overseas pension, if this is taxable in Hong Kong, when you complete the foreign section of the tax return and include the tax deducted overseas and claim foreign tax credit relief:

2010 Hong Kong-UK DTA

Thank you.