Moving to Singapore? Ask our regular expats in Singapore questions on relocation and their experience here. Ask about banking, employment pass, insurance, visa, work permit, citizenship or immigration issues.
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cobbler
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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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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
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UkDave
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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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84harrison
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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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renovation company to recom'd
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