25% tax free allowance on foreign pension income

ChequeBookGerry

Dear all,

Does the 25% tax free allowance only apply to UK pension income or does it apply foreign pension income as well

Thanks!

Marcon

ChequeBookGerry said:

Dear all,

Does the 25% tax free allowance only apply to UK pension income or does it apply foreign pension income as well

Thanks!

See https://www.litrg.org.uk/international/uk-tax-uk-residents-foreign-income-and-gains/uk-tax-overseas-pensions

ChequeBookGerry

Marcon said:

ChequeBookGerry said:

Dear all,

Does the 25% tax free allowance only apply to UK pension income or does it apply foreign pension income as well

Thanks!

See https://www.litrg.org.uk/international/uk-tax-uk-residents-foreign-income-and-gains/uk-tax-overseas-pensions

Thanks, but sadly nothing in there.

Marcon

ChequeBookGerry said:

Marcon said:

ChequeBookGerry said:

Dear all,

Does the 25% tax free allowance only apply to UK pension income or does it apply foreign pension income as well

Thanks!

See https://www.litrg.org.uk/international/uk-tax-uk-residents-foreign-income-and-gains/uk-tax-overseas-pensions

Thanks, but sadly nothing in there.

But it gives all the pointers you need to follow up your question... Without knowing the countries to which you are referring, it's impossible to give more specific answers.

DRS1

Unlikely that there are people on here familiar with every pension scheme in every country in the world.
How are 401K lump sums treated? — MoneySavingExpert Forum
The thread above discusses 401K plans which are a very common US pension arrangement.  Under US law such plans do not have a 25% tax free lump sum but you can withdraw money from them in lumps as if you were drawing down a UK DC pension.  I leave it to you to decide how such payments will be treated under the UK/US DTT..