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  • RE: BNO

    Hi there! I am the pensioner of the Hong Kong Special Administration Region (HKSAR) and now living in UK being the holder of BNO visa. According to UK/Hong Kong Double Tax Treaty (i.e. Treaty 35) and DT9207, stated that pensions arise in Hong Kong are taxable ONLY Hong Kong. Therefore, there is no liability to UK tax for a Hong Kong pension received by a UK resident after 5 April 2011. Except bank saving interest (both UK and Hong Kong), I have no other investment (including oversea investment). Due to soaring of bank saving interest last year i.e. 2023, I have earned the annual saving interest around 7,000 pounds. In this connection, I wish to know the amount of saving interest allowance in view of no taxable income in UK, do I need to complete the Self-assessment tax return for the year of 2023 to 2024? Thanks.