Clarky55

My question must not have been clear as the response does not address my question. I already have the NT code. Against this pension income source on my HMRC portal, I can see an annual income. I told the tax technician this amount when I was expediting my NT code. Instead of taking income over time, I now plan to do a single large lump sum drawdown of the full pension. This number is of course much larger than the annual income equivalent. What is the purpose of this pension annual amount that is visible on the HMRC portal? Ie if I now take the single lump sum, does this portal amount block the transaction? Or is the amount there just so tax payers can see a theoretical annual tax?

I see from the answer above that once a person receives the NT code, there is no limit to the amount of pension that can be withdrawn in one go. (Of course assuming the basis of receiving the NT remains valid). When I obtained my NT code and HMRC asked what my expected annual income from this pension would be, I disclosed an amount I planned at the time to withdraw annually. I can see this amount stated on the HMRC portal in relation to this pension’s annual income. However, I now intend to withdraw the total pension this tax year in a couple of drawdowns amounting to several million pounds (significantly greater than the initially disclosed annual income). Will this cause any problems? Should I be notifying HMRC of this new significantly higher value? Basically what is the relevance of this annual income disclosed on the portal for my pension?

I am currently non-resident and have been for the last 20 years. Now that I have turned 55, I will be drawing down an uncrystallised funds pension lump sum (“UFPLS”) from my UK pension provider this June (2024). I believe that this will be considered a “benefit crystallization event”. On the basis of this event, I believe I can complete Form APSS202 (to notify an enhancement to the lump sum allowance on the basis of being a relevant overseas individual). Can you confirm that my understanding is correct? Thank you

Thank you for the response. So even if the pension drawdown is from the same pension provider - details completed in Section C.2 of the already submitted Form DT Individual - I will still have to submit a new form? I only ask as the form itself states under Part D "UK Income Tax taken off payments already received": "Do not include in Part D any pension or annuity from which UK tax has been taken off under Pay As You earn (PAYE). HMRC will arrange any refund due taken off under PAYE". I inferred from this statement that, once the Form DT individual in relation to this pension provider has been successfully processed, that I would automatically receive a refund of tax already deducted under PAYE from the payments from the pension provider. Is my understanding incorrect?

I am tax resident in the United Arab Emirates and have recently started making pension drawdowns from my UK pension. After the first drawdown (which was taxed under the emergency code), I submitted a Form DT-Individual to apply for an NT code and also to claim a refund of the tax deducted under PAYE (based on the UAE-UK Tax Treaty). I will now make another drawdown, which will also be taxed under the emergency code (as my Form DT-Individual is still being processed by HMRC). My question is: Do I need to submit an additional DT-Individual Form to claim a refund of the tax on this later pension drawdown, or will it be covered by the DT-Individual Form already submitted? Thanks

I have just received my first pension payment on which emergency tax has been deducted. As I live in the UAE and can take advantage of the UK-UAE tax treaty in order for pension payments not to be taxed in the UK, I will be submitting a form DT individual to reclaim the tax and also to apply for an NT code. My question is: Once the NT code as been approved by HMRC, does HMRC: 1) Notify me in writing? or 2) Only notifies the pension provider so that they can apply the NT code on future payments? Thanks

I will be submitting a DT Individual Form to apply for an NT code. I will submit a tax residency certificate (“TRC”) along with the form. I am currently living in the UAE and the UAE federal tax authorities (“FTA”) issues a soft copy TRC. This certificate is electronically certified without stamp and signature from the FTA and can be verified using the QR code. Is it enough to send a print out of this soft copy TRC with the DT Individual Form or do I need to send a hard copy issued by the UAE FTA? Thanks

Thanks for the reply. I definitely cannot claim tax relief on my pension contributions to the UK registered pension scheme as I am not a relevant UK individual. Can you confirm, however, that for an individual who is not a relevant UK individual and who therefore cannot claim tax relief on the pension contributions that: 1) the Annual Allowance and its tapering provisions for higher earners do not apply (even if there is significant foreign income but only minimal UK taxable income as a non-resident), and 2) the MPAA post-drawdown provisions are not relevant either as the contributions are not eligible for tax relief. Thank you

I am and have been for many years non UK resident and do not claim tax relief for my UK company pension contributions as my UK income is trivial and is covered by personal allowance. During 23/24 I have made pension contributions to my UK employer’s pension scheme and will also do a significant pension drawdown from my separate UK SIPP. I will continue to make the same level of contributions into the company scheme after the SIPP drawdown. Can you confirm that as I am non resident and not claiming tax relief on the contributions that: the Annual Allowance and its tapering provisions for higher earners do not apply to me. And that the MPAA post-drawdown provisions are not relevant to me either as I do not claim tax relief on my contributions. Two disclosure questions in relation to the tax return that I will need to submit to get the tax refund on the pension drawdown. On form SA100, Tax Return, please confirm I don’t need to disclose the pension contributions in the Tax Relief section (‘Paying into registered pension schemes and overseas pension schemes’) as I am non resident and not claiming tax relief. In addition on form SA101, (the Additional Information sheet) please confirm, I don’t need to complete question 10 & 11 (amounts in excess of the annual allowance) in the Pensions Savings Tax Charges section - again because non resident and not claiming tax relief for pension contributions.

In relation to applying the double tax treaty for pension payments received whilst in the other treaty country, what is the relevant date for being entitled to apply the treaty - is it the date I receive the pension payment, the end of that UK tax year or the date I receive the tax refund? Thanks