Pension position for overseas tax resident

Johnny1964

I am a UK citizen, resident and tax-resident in Japan. I hold a pension with Vanguard UK from which the 25% tax free amount has already been withdrawn. What would be the tax position if I were to withdraw some or all of this pension fund, eg is it liable to income tax and/or capital gains tax, and in which country? NB: I have been waiting nearly 4 months to receive a response from HMRC on this despite numerous complaints.

WainhouseTower

Interesting topic(s) similar from Spain.
25% Drawdown guess would be taxed at the appropriate rate in the country of residence in my case Spain and the extra income could put myself into a higher tax bracket (%).
Johnny 1964 as a side issue:
I have 2 funds performance comparison over 4 years.
Fund A.  ZERO INCREASE ( possible Ombudsman!)
Fund B.  Well over 50% increase.
What % increase over 4 years on your Fund?
For comparison!
Much appreciated 

QrizB

WainhouseTower said:

I have 2 funds performance comparison over 4 years.
Fund A.  ZERO INCREASE ( possible Ombudsman!)
Fund B.  Well over 50% increase.

Name of Fund A?

Name of Fund B?

Who chose them and with what end in mind?

dunstonh

I have 2 funds performance comparison over 4 years.
Fund A.  ZERO INCREASE ( possible Ombudsman!)
Fund B.  Well over 50% increase.
What % increase over 4 years on your Fund?
For comparison!

Secondly a zero increase on fund A is not necessarily wrong.    If you have a fund that is in with profits and guaranteed annuity rates or guaranteed minimum fund value then its common to see the annual bonus set to zero.  The final bonus will often get some return though.      Or it could be that you are in gilts/bonds and they have been flat over the last 7 years (up and then down again to where they were 7 years ago).   That is not grounds for complaint.

NorthYorkie

Johnny1964 said:

I am a UK citizen, resident and tax-resident in Japan. I hold a pension with Vanguard UK from which the 25% tax free amount has already been withdrawn. What would be the tax position if I were to withdraw some or all of this pension fund, eg is it liable to income tax and/or capital gains tax, and in which country? NB: I have been waiting nearly 4 months to receive a response from HMRC on this despite numerous complaints.

Your pension would normally be liable to income tax in both the UK and Japan but Article 17 of the UK-Japan Double Tax Treaty provides that this will only be taxable in Japan (see Synthesised text of the Multilateral Instrument and the 2006 UK-Japan Double Taxation Convention — in force - GOV.UK).