Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error
The answers to your questions about pensions and tax
+ Reply to discussion
Options
Chris Marshall (Citywire)
Posted: 02 July 2010 14:40:22(UTC)
#1

Joined: 24/06/2010(UTC)
Posts: 48
How much should you save for a pension? What are the rules on taking a tax free lump sum? These were among the questions we received from Citywire readers this week. Adrian Walker, pensions expert at investments and pensions provider Skandia, has answered your questions.

You can find the answers by following this link: http://www.citywire.co.u...-money-latest-news-list

Are there any other subject areas that you would like us to include in our next Q&A?
Back to top Quote
Rory
Posted: 08 September 2010 11:54:26(UTC)
#2

Joined: 22/03/2009(UTC)
Posts: 5
What are the rules on contributing the flat £3,600 p.a. to a SIPP pension if the contributor is working abroad and not paying British taxes?
Back to top Quote
Alec McHale
Posted: 08 September 2010 13:09:47(UTC)
#3

Joined: 01/12/2009(UTC)
Posts: 2
According to my information, you have to meet 'Relevant UK individual' definition.

As you are working abroad and not paying UK taxes, the only part of the definition applicable to you is:

The individual is resident in the UK at some point during the tax year; or was resident at some time during the five tax years immediately before the year in which the contribution is made. Relief in these circumstances is limited to £3,600.

Hope that helps.
Back to top Quote
+ Reply to discussion

Markets

Other markets