BOB HARRISSE
Registered User
- Messages
- 1
.My question is, am I legally required to advise either State of the other pension?
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The answer to this is in fact yes, you do. I am in exactly this position. I'm 20 years resident here, have a couple of private UK pensions and full basic UK contributory pension and next year I start claiming the Irish Contributory pension. When I discussed my UK pension rights I always dealt with Newcastle. But when I claimed it, I had to apply to Sligo Pensions dept for an EC pensions claim form. I then returned this to them and they forwarded it to the UK. In due course I received the pension (together with back payment). That is how EC pensions are claimed.
The pension is paid from the UK direct into my UK bank account (in Sterling) where much of it stays to fund the time I spend over there - and also as insurance in case the Euro collapses. No tax is deducted in the UK. I then declare the amount together with my other pensions on my annual tax return here. You can keep the money in whichever country you like, but you pay tax on all of it to the country in which you are "resident for tax purposes".
I now receive my full Irish State pension as well as the UK one.
Hi mct, how much tax does one have to pay Revenue if claiming both an Irish and a UK pension?
I can't seem to locate a dual-pension tax rates table on the internet, if one does indeed even exist.
Is it just a standard percentage of the income of both pensions added together?
And is there a threshold amount for those who claim both pensions, but not the full amount, perhaps claiming a full Irish, but just a portion of the UK (or vice versa)?
Hi mct, how much tax does one have to pay Revenue if claiming both an Irish and a UK pension?
I can't seem to locate a dual-pension tax rates table on the internet, if one does indeed even exist.
Is it just a standard percentage of the income of both pensions added together?
And is there a threshold amount for those who claim both pensions, but not the full amount, perhaps claiming a full Irish, but just a portion of the UK (or vice versa)?
As jpd says. All your income from whatever source - ie any state or private pensions, earnings, investment or savings interest - is entered on your tax form and your tax is calculated by Revenue. You will receive age-related tax credits, the amount depending on the total income (joint income if married).
YesIs it still possible to receive a full widows contrib pension from here and a small UK state pension of €67. I worked in both countries as did my deceased spouse!
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