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Old 17.08.2015, 19:27
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Dare I ask?

Is flexible draw-down income from a UK pension pot taxed at source for non UK tax payers as well or can it be paid gross? In theory it should be covered by the UK/Swiss dual taxation agreement but I'm not sure if the pension managers will see this way.

As I understand it, for UK residents its taxed at source but refundable if the total UK income does not exceed the personal allowance.
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Old 17.08.2015, 20:15
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Re: Dare I ask?

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Is flexible draw-down income from a UK pension pot taxed at source for non UK tax payers as well or can it be paid gross? In theory it should be covered by the UK/Swiss dual taxation agreement but I'm not sure if the pension managers will see this way.

As I understand it, for UK residents its taxed at source but refundable if the total UK income does not exceed the personal allowance.
You declare it to the UK tax people and they issue a code to the people who distribute your pension.
If your total UK income is less than your personal allowances then the code is so set that no tax is deducted

If you also get a UK govt. Pension then the code is changed to cover this.
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Old 18.08.2015, 12:18
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Re: Dare I ask?

Thank you Marton,

Do you know how this is declared to the Tax people? The whole thing seems a little tiresome because as I understand it, the personal allowance is irrelevant to non-residents anyway.
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Old 18.08.2015, 12:48
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Re: Dare I ask?

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Thank you Marton,

Do you know how this is declared to the Tax people? The whole thing seems a little tiresome because as I understand it, the personal allowance is irrelevant to non-residents anyway.
The rules on UK personal allowance has not as yet been changed so for 2015 expats will still get a UK personal allowance. Pretty sure it will be gone by 2017.

You will need to declare in CH & possibly pay further tax, more likely if you have paid zero due to UK personal allowance.
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Old 18.08.2015, 13:13
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Re: Dare I ask?

Thanks for you reply Fatty,

Doesn't the dual taxation agreement make a nonsense of the personal allowance anyway. A UK Pension draw down is taxable as income in the UK as well as CH but surely under the agreement the UK tax can be reclaimed.
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