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-   -   UK pension and UK taxes (https://www.englishforum.ch/finance-banking-taxation/292913-uk-pension-uk-taxes.html)

libertysnoopy 07.07.2019 16:14

UK pension and UK taxes
 
Need some help. I am a Swiss national who worked 5 years in the UK during my working years. I returned to Switzerland years ago and am now retired. The UK pension I get is paid into my bank account here in Switzerland. I am taxed here in Switzerland for my Swiss & UK pension. Today I received a letter from the UK tax office saying I have to pay taxes to the UK on my UK pension. Please can someone advise me if this is correct that I have to pay taxes in Switzerland and the UK as I am Swiss and live in Switzerland. Many thanks for the help.

fatmanfilms 07.07.2019 17:29

Re: UK pension and UK taxes
 
Quote:

Originally Posted by libertysnoopy (Post 3081458)
Need some help. I am a Swiss national who worked 5 years in the UK during my working years. I returned to Switzerland years ago and am now retired. The UK pension I get is paid into my bank account here in Switzerland. I am taxed here in Switzerland for my Swiss & UK pension. Today I received a letter from the UK tax office saying I have to pay taxes to the UK on my UK pension. Please can someone advise me if this is correct that I have to pay taxes in Switzerland and the UK as I am Swiss and live in Switzerland. Many thanks for the help.

Normally it would be taxable in the UK along with a 12000 tax free allowance so it's often beneficial. If you fill in a double taxation form which the Swiss will need to sign you can elect for some or all tp be taxable in CH

libertysnoopy 07.07.2019 17:33

Re: UK pension and UK taxes
 
I only receive 3564.95 UK pension per year?

fatmanfilms 07.07.2019 19:11

Re: UK pension and UK taxes
 
Quote:

Originally Posted by libertysnoopy (Post 3081473)
I only receive 3564.95 UK pension per year?

Then it would make sense for it to be taxable in the UK as zero tax is payable. That would be the default position.

Bozza 07.07.2019 20:11

Re: UK pension and UK taxes
 
Quote:

Originally Posted by libertysnoopy (Post 3081458)
Need some help. I am a Swiss national who worked 5 years in the UK during my working years. I returned to Switzerland years ago and am now retired. The UK pension I get is paid into my bank account here in Switzerland. I am taxed here in Switzerland for my Swiss & UK pension. Today I received a letter from the UK tax office saying I have to pay taxes to the UK on my UK pension. Please can someone advise me if this is correct that I have to pay taxes in Switzerland and the UK as I am Swiss and live in Switzerland. Many thanks for the help.

I would also recommend UK pensions advice, it shouldn't be that expensive, maybe 200-400 quid.

Bubice 07.07.2019 20:17

Re: UK pension and UK taxes
 
Does anyone know what is the average pension for UK 2019 year?

fatmanfilms 07.07.2019 20:20

Re: UK pension and UK taxes
 
Quote:

Originally Posted by Bozza (Post 3081493)
I would also recommend UK pensions advice, it shouldn't be that expensive, maybe 200-400 quid.

It's a tax issue, not a pensions issue.

This is HMRC page with download to DT1 if someone wishes to elect the pension to the taxed elsewhere.
https://www.gov.uk/government/public...-dt-individual

marton 07.07.2019 21:01

Re: UK pension and UK taxes
 
The UK are not allowed to tax UK pensions of Swiss residents. Read the Swiss/UK Double taxation agreement where this is clearly stated.

libertysnoopy 08.07.2019 09:30

Re: UK pension and UK taxes
 
Thank you all for the replies. I will write to the UK tax office they probably made a mistake asking for over 700 tax amount. This is the first time they are asking for me to pay tax and I do not even have a tax number. Have a great day 😎


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