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  #1  
Old 28-05-2008, 12:47 PM
ATN ATN is offline
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Default Tax on UK Pension Lump Sum

Good afternoon all,

I am due to receive a UK Pension later this year.
Can anyone enlighten us as to whether the lump sum element, which is tax free in the UK, is taxable in Ireland?

I have read elsewhere that the revenue here do not recognize "tax free“ elements allowed by UK Revenue.

If anyone can help, Thanks!

Anthony
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  #2  
Old 29-05-2008, 11:08 AM
gongey gongey is offline
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Default Re: Tax on UK Pension Lump Sum

an irish Form 11 or 12 has a section for UK pensions paid with a section then for tax deductd on that pension. If you are Irish resident and domiciled then you are taxable on your worldwide income with credit for tax paid abroad. I would think you will be taxable on this lump sum.
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  #3  
Old 30-05-2008, 10:45 PM
Iceman732 Iceman732 is offline
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Default Re: Tax on UK Pension Lump Sum

Double taxation relief. The point of having taxation agreements is that an individual should be worst of as a result of moving countries!!

Are you resident, ordinarily resident and domiciled in Ireland?
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  #4  
Old 31-05-2008, 11:37 PM
ATN ATN is offline
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Default Re: Tax on UK Pension Lump Sum

Thanks all for the response.

I am Irish resident and domiciled for past 10 years working as a sole trader.

I worked for 20 years in the UK and hence the UK company pension ( final salary) entitlement.


I have no other pension.
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  #5  
Old 14-08-2009, 10:47 AM
ak45
 
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Default Re: Tax on UK Pension Lump Sum

I am in the same position as you. I tried the Revenue office and the lady answering the phone seemed unsure. I also emailed the revenue but no reply so far. Would be interested in any further info. Is it possible to leave the lump sum in Uk and take it at a later date?
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