Treatment of pension contributions to non-UK pension schemes

Produced by Tolley in association with of BDO LLP

Employment Tax

Guidance

STOP PRESS: At Spring Budget 2024, the Chancellor announced that the remittance basis would be abolished from 6 April 2025, although this only applies to foreign income and gains arising on or after that date. The remittance basis rules still apply to unremitted income and gains arising before that date but remitted later. For more details, see the Abolition of the remittance basis from 2025/26 guidance note.

Introduction

This guidance note sets out the part of the tax regime associated with overseas pensions. It looks at how those rules operate in relation to those individuals who decide to live in the UK and continue to make pension contributions to the overseas pension scheme of which they were a member before their arrival in the UK.

Migrant member relief

As well as migrant workers having the option of obtaining tax relief through participation in a UK-registered pension scheme, migrant

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Sadiq Hashmi

Tax Manager at BDO , Corporate Tax, OMB, Personal Tax, Accounting

As a member of the Tax Support for Professionals team I provide tax support to accountants, tax practitioners, lawyers and other professionals; helping them to advise their clients. We also support in-house tax teams. We provide a telephone helpline service and also assist with larger project work, drawing on specialists throughout the firm to assist on any tax matter as may be necessary. I advise on all aspects of Personal and OMB Corporation tax. I am one of the firm's technical experts in - Pensions Taxation PPR BADR ATED I have contributed to TolleyGuidance Employment Tax module.

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