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pension from Japan
barnaclebill
Posts: 411 Forumite
OK sure I know the answer to this but as now retired I have claimed my Japanese Seamans Union Pension a non contributary pension paid as a lump sum, it is in US dollars that was how the company paid in. After 12 years it has earned about 65 USD interest (don't know where they had it invested) and the total is going to be about £2000.00 after converting to pounds.
I presume I can claim 25% tax free and the remaining £1500.00 will have to be declared for tax at 20% so I will pay about £300.00 to HMRC
or is there any rule over small pensions from overseas?
I presume I can claim 25% tax free and the remaining £1500.00 will have to be declared for tax at 20% so I will pay about £300.00 to HMRC
or is there any rule over small pensions from overseas?
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