Turks and Caicos
Jun 18th 2019 | 10:19 am
#1
Thread Starter
Just Joined
Joined: Jun 2019
Posts: 1
Turks and Caicos
I have been offered a 2-year contract in Turks and Caicos, due to head out there in November this year.
I plan to return to the UK at the end of that contract.
The big draw for me is that there is no income tax in Turks and Caicos. I am planning to send money back to my parents whilst I am working in Turks & Caicos to pay off money that I owe them.
Would I have to pay any tax on money I send back?
When I return to the UK in November 2021, will I have to pay tax on any of the income earned while I was away when I transfer it back to a UK account?
Also, should I continue to pay national insurance contributions while I am away as I have a pension built up which I intend to pay into again once I am back in the UK?
I am 30 years old and only slight concern is that it may be mainly families out there so may be hard to meet like-minded single people around my age. Thoughts?
Many thanks
I plan to return to the UK at the end of that contract.
The big draw for me is that there is no income tax in Turks and Caicos. I am planning to send money back to my parents whilst I am working in Turks & Caicos to pay off money that I owe them.
Would I have to pay any tax on money I send back?
When I return to the UK in November 2021, will I have to pay tax on any of the income earned while I was away when I transfer it back to a UK account?
Also, should I continue to pay national insurance contributions while I am away as I have a pension built up which I intend to pay into again once I am back in the UK?
I am 30 years old and only slight concern is that it may be mainly families out there so may be hard to meet like-minded single people around my age. Thoughts?
Many thanks
Jul 25th 2019 | 9:05 am
#2
Forum Regular
Joined: May 2016
Posts: 45
From: TCI
Re: Turks and Caicos
I have been offered a 2-year contract in Turks and Caicos, due to head out there in November this year.
I plan to return to the UK at the end of that contract.
The big draw for me is that there is no income tax in Turks and Caicos. I am planning to send money back to my parents whilst I am working in Turks & Caicos to pay off money that I owe them.
Would I have to pay any tax on money I send back? If you’re not UK resident, you will not have to pay UK tax on your foreign income.When I return to the UK in November 2021, will I have to pay tax on any of the income earned while I was away when I transfer it back to a UK account? < https://www.gov.uk/tax-foreign-income >
Also, should I continue to pay national insurance contributions while I am away as I have a pension built up which I intend to pay into again once I am back in the UK? YES
I am 30 years old and only slight concern is that it may be mainly families out there so may be hard to meet like-minded single people around my age. Thoughts?
I am probably the only forum member in TCI that provides information, there are like-minded single people in certain cliques, as soon as you find one you will be fine, i would suggest the rugby club as a start. You are correct, the majority are families and dating scene is tiny.
Many thanks
I plan to return to the UK at the end of that contract.
The big draw for me is that there is no income tax in Turks and Caicos. I am planning to send money back to my parents whilst I am working in Turks & Caicos to pay off money that I owe them.
Would I have to pay any tax on money I send back? If you’re not UK resident, you will not have to pay UK tax on your foreign income.When I return to the UK in November 2021, will I have to pay tax on any of the income earned while I was away when I transfer it back to a UK account? < https://www.gov.uk/tax-foreign-income >
Also, should I continue to pay national insurance contributions while I am away as I have a pension built up which I intend to pay into again once I am back in the UK? YES
I am 30 years old and only slight concern is that it may be mainly families out there so may be hard to meet like-minded single people around my age. Thoughts?
I am probably the only forum member in TCI that provides information, there are like-minded single people in certain cliques, as soon as you find one you will be fine, i would suggest the rugby club as a start. You are correct, the majority are families and dating scene is tiny.
Many thanks
