Wolvo999 Olney
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RE: P85 Nil Tax Code Query
Hi Thanks again, does your answer still apply with a 'nil tax code'? - if it does, what does a 'nil tax code' mean? My SIPP pension providers are adamant that with a nil tax code they would not deduct tax from a SIPP payment if I have declared myself a non UK non resident (via a P85) and the payment would be sent to me gross. They claim to have hundreds of other clients where this is the case. Sorry to ask again but I am getting two very opposing answers. -
RE: P85 Nil Tax Code Query
Hello, Thank you so much for your reply, I was specifically relating to SIPP payments. If I declare myself non resident of the UK, is any payment sent to me from within that SIPP from the UK, sent gross or net of tax? Further is it true that a non resident declaration results in a 'nil tax code' this no tax is deducted - Thanks Kind Regards -
P85 Nil Tax Code Query
Hi, I have emigrated to Thailand from the UK and only some 4 years later find out I needed to fill in a form P85.
My SIPP providers tell me this will result in a 'nil tax code' and their monthly payment to me from the UK will then be made gross instead of net of UK tax (I then have to pay tax in Thailand which is fine) - is this correct.
Does anyone know please?
Thanks in anticipation to anyone that can help.