Swiss Pension Lump Sum

Swiss Pension Lump Sum

Didn't find your answer?

Hi,

I have a client who after many years living abroad has retired, returned  to the UK and become resident again.

He has received a lump sum payment from a Swiss Pension. It is my understanding that this lump sum is exempt from UK tax under Article 18 of the Double tax agreement (unless anyone disagrees?).  

He has now been provided with a form from Switzerland titled 'claim to refund the withholding tax on settlements in cash by pension funds with registered office in Switzerland'. The form needs to be 'stamped' by HMRC and then returned to the Swiss authorities. I then believe Swiss tax withheld will be repaid

Does the completion of the form in any way effect the tax status of the lump sum in the UK or is it normal procedure for this to be completed?

All advice appreciated.

Thanks

 
 

Replies (1)

Please login or register to join the discussion.

avatar
By TT123
04th Feb 2015 07:27

Can anyone offer any advice?

Thanks

Thanks (0)