kevinh
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RE: Returning overseas savings to the UK
Thank you very much. Follow up question - what criteria does HMRC use to decide whether it is a pension or not? Thanks -
Returning overseas savings to the UK
I have been working abroad, and have been non-resident for tax purposes, since FY 2021-2022. I have an investment fund (called a pension fund, but there are no pension arrangements - I can simply capitalize the fund when I terminate my employment). Taxes on any profits have been paid. Under current rules, would this fund be considered clean when remitting to a UK bank account? Thank you