HMRC Admin 17 Response
Joined: 1/20/2021
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RE: Transfer of Swiss Pension
Hi,
To find out about tax implications on the tranfer of funds, you would need to speak to our pension schemes service team :
Pension schemes .
If you are withdrawing the lump sum as a UK resident, and not transferring to an existing pension then this would be taxable in
Switzerland based on the conditions in Art 18.2.
We cannot comment on the tax implications in 4 years time.
Thank you. -
RE: UK Tax on Australian Superannuation
Hi,
You may wish to speak to our Pension schene services reagrding this.
They can be contacted here:
Pension schemes .
Thank you. -
RE: Money transfer
Hi,
If there is no indication on the letter as to why you have been sent this then you may wish to contact the number at the top of the letter, which will be the Worldwide Disclosure team, to see why they are requesting a declaration.
You would not need to pay income tax on the transfer of money but you may need to pay tax on any taxable income accrued abroad,
such as capital gains or interest/dividends.
See link:
Offshore Disclosure Facility .
Thank you. -
RE: BNO
Hi,
As this forum is for tax purposes only, I can only suggest you either speak to your employer regarding pension schemes
or speak to out own pension scheme services for advice :
Pension schemes .
Alternatively you can ask our employers helpline :
Employers: general enquiries
who would also deal with the DPNI scheme .
Thank you.
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RE: BNO
Hi,
You would need to speak to your HK employer to establish the options regarding pension.
In terms of paying your own tax and NI, please see guidance here :
PAYE20100 - Employer records: set up employer record: DPNI scheme - direct payment (tax and NIC) .
Thank you. -
RE: Certificate of Residence for tax purposes
Hi,
Please see guidance here reagrding letters of confirmation :
INTM162140 - UK residents with foreign income or gains: certificates of residence: letter of confirmation
Thank you. -
RE: Certificate of Residence for tax purposes
Hi,
Yes this is the correct address.
Post is dealt with in date order so will be processed as such.
No other documents are required and there is no cost for this.
Thank you. -
RE: BNO
Hi
A Kwok,
Pensions from Hong Kong are liable to tax only in Hong Kong.
Please see tax treaty :
uk/hong kong double taxation agreement - GOV.UK .
Thank you. -
RE: BNO
Hi,
Using the remittance basis is a personal choice.
You do not need to use the remittance basis if you prefer.
You can still use split year treatment if the conditions apply.
Thank you. -
RE: UK Tax on Australian Superannuation
Hi,
Income from an Australian superannuation fund is likely to be an overseas pension and taxable in the UK.
You may need to contact your Australian superannuation fund provider if you wish more details in how the fund operates.
UK ISA are not pensions they are Individual Savings accounts made up of 4 types ISAs, see link below for more information :
Individual Savings Accounts (ISAs) .
Thank you.