John Millard
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RE: UK Company Pension but living abroad - How to register for a tax code for lump sum withrdawls
Thank you for the answer. That is helpful and gives me some more clarity. I have a follow-up question. I am permanently living overseas, and have been since 2000. I have no plans to return to the UK. When I take lump sum payments from the pension plan that I have in the UK, will this be subject to taxation according to the tax bands and tax-free allowances as if I were a UK resident, or will another taxation scheme apply? I understand from the answer to my previous post that an emergency tax code will be applied, but that I will then be able to claim once a correct tax code has been issued. If there is a different scheme for non-residents (i.e. living abroad with no income in the UK), is there documentation that explains what the taxation levels will be. Many thanks for your help in understanding this. -
UK Company Pension but living abroad - How to register for a tax code for lump sum withrdawls
I am living abroad (Switzerland) and have been since 2000. I have no income in the UK, and have had non since the year 2000. I would like to take lump sum payments from a pension scheme that I paid into prior to the year 2000 while I worked in the UK. I understand that if I do so then this will be subject to a tax rate set by an emergency tax code. Is there a way of registering with the UK HMRC to get a tax code so that my withdrawals will be taxed correctly and I can avoid making repayment claims on the first and each subsequent planned "annual" withdrawal?