Taxation on Pensions Worldwide
Each country in the world has different taxes on pensions. This includes paying different amounts on income tax, your 25% pension commencement lump sum (PCLS) and even the tax upon death.
We are not tax specialists, but we work alongside some of the most respected in our field and we understand the different cross-border problems people face. We are here to help you navigate through the complexity of taxes on pensions.
Tax Qualifications
“First, you need to understand what your tax bracket is in your country of residence. This will help you understand what you could end up with as a net income at the end of the year.
Independence
Double taxation agreements are the single most important piece of information to understand between the UK and the country you are living in. Is there a DTA in place to avoid you paying taxes in two countries?
Worldwide
Does the country you’re living in provide special tax breaks for UK pensioners? This is the case in some countries, but it can also work against you in others. We can help you understand the tax rules.