Hi EFers,
Excuse me if this has already been discussed, but I have searched and searched and have as yet found no clear answer either here or elsewhere.
I worked for a Swiss company from 1986 to about 1999 and paid into a pension with Elvia who since became part of Allianz.
I have lived in the UK since 2000 and am now 60.
The funds are sitting in a "Vested Benefits Policy" which pays out on my death or at maturity in 2020.
Being 60, Allianz would let me cash in the policy now less a Swiss tax of 6 - 8%.
If I cash in and transfer the money back to the UK, i
s it liable for UK tax?
http://www.hmrc.gov.uk/manuals/dtmanual/DT18167.htm seems to say no, but my accountant seems to say "it depends on the policy details" without being able to specify exactly which details might matter.
Can anyone point me at a clear statement of the rules (or a recommended UK based advisor)?
Thanks