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Search: Posts Made By: BexB
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Forum: Canada
Mar 17th 2018, 11:21 pm
Replies: 39
Views: 8,366
Posted By BexB

Re: Tax relief on UK pension income limited to 10%?

Sorry Gemiran, misunderstood your question. Yes, we were able to both split the pension and receive the $2,000 credit.

BexB
Forum: Canada
Mar 12th 2018, 9:25 am
Replies: 39
Views: 8,366
Posted By BexB

Re: Tax relief on UK pension income limited to 10%?

No joy over the GBP2,000, but the pension split was accepted, which obviously helped.
Forum: Canada
Feb 3rd 2018, 7:15 pm
Replies: 39
Views: 8,366
Posted By BexB

Re: Tax relief on UK pension income limited to 10%?

For the first payment received, the provider will probably deduct tax at the emergency (month 1) rate. This means that they will not reflect the appropriate tax-free personal allowance and you will...
Forum: Canada
Jan 31st 2018, 10:24 pm
Replies: 39
Views: 8,366
Posted By BexB

Re: Tax relief on UK pension income limited to 10%?

Thanks Gemiran.

To summarise:


I don't have any issue with the tax HMRC is deducting. If it has been too high initially, there has been a rebate.
My understanding was that any UK tax paid...
Forum: Canada
Nov 8th 2017, 10:24 pm
Replies: 39
Views: 8,366
Posted By BexB

Re: Tax relief on UK pension income limited to 10%?

Thanks for the reply.

Just to be clear, I declared the full gross amount of the drawdown, even though 25% was tax-free in the UK. It would be nice for the CRA to adopt a similar approach, but...
Forum: Canada
Oct 29th 2017, 7:14 pm
Replies: 39
Views: 8,366
Posted By BexB

Re: Tax relief on UK pension income limited to 10%?

You're right that GBP30,000 seems to be the break-even point, but I think the maths is a little different.

From the 30,0000, can deduct 7,500 (25% tax-free element) and 11,500 personal allowance,...
Forum: Canada
Oct 28th 2017, 7:30 pm
Replies: 39
Views: 8,366
Posted By BexB

Re: Tax relief on UK pension income limited to 10%?

I duly completed the DTT form, got the CRA to confirm I was a Canadian resident for tax purposes and submitted this to UK HMRC. They replied "No relief is due under the terms of the UK/Canada double...
Forum: Canada
Oct 28th 2017, 6:16 pm
Replies: 39
Views: 8,366
Posted By BexB

Re: Tax relief on UK pension income limited to 10%?

Thanks eaglestorm. So that means UK State pensions should not be subject to tax in the UK, so the issue will not arise.

The last paragraph just relates to trivial pensions.
Forum: Canada
Oct 28th 2017, 6:09 pm
Replies: 39
Views: 8,366
Posted By BexB

Re: Tax relief on UK pension income limited to 10%?

Thanks Steve.
2. Annuities arising in a Contracting State (UK) and paid to a resident of the other Contracting State (Canada) may be taxed in that other State (Canada). However, such annuities may...
Forum: Canada
Oct 27th 2017, 7:03 pm
Replies: 39
Views: 8,366
Posted By BexB

Re: Tax relief on UK pension income limited to 10%?

I stand to be corrected, but since I am a Canadian resident for tax purposes I don't think I can ask the UK to pay back any Canadian tax.
You are right that there is no 25% tax free allowance here....
Forum: Canada
Oct 27th 2017, 5:47 pm
Replies: 39
Views: 8,366
Posted By BexB

Tax relief on UK pension income limited to 10%?

Background:


I have just received a reassessment of tax for 2016.
I drew GBP30,000 from my UK SIPP and paid GBP3,598 on the taxable element of GBP22,500 (after 25% tax-free element)....
Showing results 1 to 11 of 11


 
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