Edward Bird
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Tax on foreign penion income that never comes back to UK
Hi, I have a pension in South Africa that matures shortly. I want to convert to an annuity and pay the income to my mother in South Africa who needs care. None of the money will be brought over to the UK. Do i need to declare it and do i need to pay tax on it in the UK (it is a small pension so wont attract much tax in South Africa? If i am taxed on it in the UK what rate would that be on? Thank you for your guidance.