HMRC Admin 19 Response

Hi,

To determine your tax residency status, please see the guidance here:

RDR3 Statutory Residence Test

Thank you.

Hi,

If we received a form assigning the refund to the company we are unable to cancel the repayment to them unless we receive a signed agreement from both you and the company.

Thank you.

Hi Anit Saxena,

There would be no Income Tax due on a transfer of money from an Indian account to a UK account. However, if the money then generates interest in the UK account then this would potentially be subject to tax. 

Thank you.

Hi,

You will only be taxed on income.

Housing allowance is not something that is taxable in the UK so would not be taxable if it is from Hong Kong. 

Thank you.

Hi Arijit Banerjee,

There is no Income Tax implications on the transfer or money from one bank account to another. However, if you become a UK tax resident and you continue to receive money from this pension fund then this would be reportable and subject to tax in the UK. 

Thank you.

Hi Kuni,

Currency conversion from one bank account to another does not incur Income tax. Neither does converting US dollars to British pounds. 

Thank you.

Hi,

You would not need to pay Income Tax but you may wish to talk to our bank regarding their charges. 

Thank you.

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.