UK Pensioner Living Abroad

PetersonSims are specialists in advising pensioners living abroad who continue to receive UK private and state pension income.

If you have a UK pension you may be being incorrectly taxed in the UK. Whether you have a private pension or a state pension, talk to us to find out about the tax implications. Even if you are not a pensioner but are planning to retire abroad, we can advise on your tax obligation.

We can:

• Advise on the tax implication of your pension whilst moving abroad.
• Prepare your annual tax return in order to correctly report your pension income and, if possible, exempt it from UK taxation.
• Prepare DT forms in order to prevent your pension from being incorrectly taxed at source and help with cash flow throughout the year.
• Review previous years tax returns to ensure tax is not being paid incorrectly.
• Prepare overpayment relief claims to claim back any tax incorrectly charge by HMRC, going back 4 years.

Your tax position will be affected by the nature of your pension. As a general rule pensions are taxed in the country of tax residency. However, certain pensions such as government service pensions are taxable in the country of origin.

It’s important to review each pension individually to correctly establish your tax position.  PetersonSims can advise pensioners on minimising their tax liability while taking care of their compliance obligations.