SIPP Questions

Milb

Okay thanks James, I will definitely get this whole arrangement double checked by the accountant who signed off on it originally and then I'll maybe clarify with another. I'm pleased I can up my SIPP contribution and thanks again everyone for that information.

I would personally prefer to pay income tax in the U.K. first then take tax treaties against the local income but apparently that does not work here. Unfortunately where I live tax is higher until you can play the deductions games with assets and children etc.

I'm also hoping that in future when this UK income will have to be declared where I am currently living, that the SIPP contributions will reduce the tax burden of that income - I will get this checked out.

jamesd

I doubt that there will be any change in whether the UK income has to be reported where you are, unless it's linked to time of residence. There are planned changes to automatically report income between countries with the first big batch starting in early 2017. But that's just to catch people who don't already make proper reports.