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UK Company pension

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cobbler
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UK Company pension

Post by cobbler » Fri, 24 Dec 2010 7:47 pm

anyone any experience of trying to get their UK company pension paid into Singapore without paying UK tax i.e. receive it gross ? Is it even do-able ?

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ksl
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Re: UK Company pension

Post by ksl » Sat, 25 Dec 2010 5:29 pm

cobbler wrote:anyone any experience of trying to get their UK company pension paid into Singapore without paying UK tax i.e. receive it gross ? Is it even do-able ?
It should be possible though you need to confirm it with those in charge of it, as it will not help your case here on the forum. They probably have a website with all the information in the FAQ's

UkDave
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Re: UK Company pension

Post by UkDave » Wed, 05 Jan 2011 9:03 am

cobbler wrote:anyone any experience of trying to get their UK company pension paid into Singapore without paying UK tax i.e. receive it gross ? Is it even do-able ?
All UK schemes can only be transferred to HMRC approved schemes. None exist in Singapore but you can transfer to an overseas approved scheme.

When transferred there is no tax deducted.

Any potential transfer needs appraisal first - old benefits versus new benefits etc.

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Rgds

84harrison
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Post by 84harrison » Fri, 14 Jan 2011 4:04 pm

anyone any experience of trying to get their UK company pension paid into Singapore without paying UK tax i.e. receive it gross ? Is it even do-able ?
Yes. The answer is most likely a QROPS (Qualified Recognised Overseas Pension Scheme). These do indeed need to be recognised by HMRC. It is possible to get the full amount and have access to it, legally.

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