Transfer Pensions Abroad

Marcon

Habib2342 said:

so what happens to her self assessment tax return ? does that still need to be filed every year in the uK ?

Not unless she's classed as resident for tax in the UK.

Habib2342

Hoenir said:

Habib2342 said:

or what if she does nothing and accesses her payments from her pension via ATMs abroad ?

Her bank may well freeze the account due to unusual behaviour. Be a red flag that the account is being operated from abroad. 

The income will be need to be declared where she is tax resident. Irrespctive of any UK implications. 

Proper planning needs to be undertaken if she plans to return home. Otherwise there's going to be a huge amount of self inflicted grief. 

but i've done it multiple times when I go abroad although this is only for 2 or 3 weeks at a time. Or if im making lots of withdrawals over a long period of time will it raise a red flag ?

Sarahspangles

Habib2342 said:

Hoenir said:

Habib2342 said:

or what if she does nothing and accesses her payments from her pension via ATMs abroad ?

Her bank may well freeze the account due to unusual behaviour. Be a red flag that the account is being operated from abroad. 

The income will be need to be declared where she is tax resident. Irrespctive of any UK implications. 

Proper planning needs to be undertaken if she plans to return home. Otherwise there's going to be a huge amount of self inflicted grief. 

but i've done it multiple times when I go abroad although this is only for 2 or 3 weeks at a time. Or if im making lots of withdrawals over a long period of time will it raise a red flag ?

The number of UK banks who allowed expats to retain their accounts was always limited, and with Brexit almost all withdrew accounts for those living in EU countries, and some closed all on-resident accounts.

Limited options here: https://www.which.co.uk/news/article/which-banks-allow-you-to-keep-your-account-as-an-expat-aIiEs1i49WTf