sam

To confirm my understanding, under the new UK Foreign Income and Gains (FIG) regime announced in the latest Budget, if one returns to the UK to become a UK tax resident after more than ten years of being a non U.K. residence, they will be required to pay UK tax upon receipt of a Singapore Central Provident Fund (CPF) distribution, provided the receipt occurs after becoming a UK tax resident, even if it falls within the four-year return window. Is that correct?

As a British citizen by birth, I have lived and worked abroad for over ten years and am considering moving back to England in late April 2025. Under the new UK Foreign Income and Gains regime announced in the Budget, if I cash out my Singapore Central Provident Fund after becoming a UK tax resident, will I be liable for UK tax on receipt of it?