John Halsall

Hi HMRC Team I worked in the UAE for 11 years and was Non-Resident of the UK. Whilst overseas I paid into a Pension Scheme which is based in Jersey and I am now eligible to encash this Pension plan. I am now resident and working in the UK if I encash the Pension plan will this be subject to Tax?

Hi I have a Private Pension scheme which is based and administered in Jersey. All the contributions to this scheme were made whilst I was working overseas as a non-resident for Tax purposes. This pension scheme became available to me in June 2022 and I am considering encashing the full sum. I am currently employed and based on my salary I fall in the 40% Tax bracket. I am trying to understand what my Tax liabilities would be should I realised the full sum of the pension pot