IPP (International Pension Plan) income

IPP (International Pension Plan) income

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I’ve never come across a client cashing in one before, but I now have a Non UK Dom client who is currently working outside the UK but will be returning (was here for 10 years previously) at some point. He is apparently taking the full pension (foreign IPP) as a lump sum and this won’t be liable to tax in the foreign country where he is. However, what would the UK tax implications be if:

  1. He comes back to uk early and is deemed uk resident (not been out for long) in the year of the IPP payment, is the full payment taxable.
  2.  He remains non resident in the year of payment but returns later (another tax year) to the UK, can he bring the IPP lump sum to the UK tax free.

Many thanks

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