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Non-resident landlord pension
SonnyH
Posts: 27 Forumite
Hi,
I'm a British citizen living overseas (with no double taxation treaty). My property portfoilio has grown and the net income is now past the tax free allowance, hence I'm paying UK tax. I'm wondering if I can open a UK pension and pay into this to offset the tax liability, but I can only find info for UK residents. Does anyone have any experience/insight into this?
Thanks.
I'm a British citizen living overseas (with no double taxation treaty). My property portfoilio has grown and the net income is now past the tax free allowance, hence I'm paying UK tax. I'm wondering if I can open a UK pension and pay into this to offset the tax liability, but I can only find info for UK residents. Does anyone have any experience/insight into this?
Thanks.
0
Comments
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BTL income is classed as unearned income.
Pension contributions are not permitted from unearned income.
Even without unearned income, it is possible to contribute £2,880 (£3.6k gross) into a SIPP. This will not, however, reduce taxable income. I am unsure whether this is an option if not UK resident.0
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