tax question
#1
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Thread Starter
Joined: Mar 2008
Posts: 154
tax question
First of all hello to all......
I have a question. I am a ex UK resident with Irish citizenship and have been living in Italy for 10 years now. I have no thoughts of going back to live in the UK and was wondering if I could get my tax and social security back or transferred so as to become Italian credits? I worked full time in the UK for 6 years
thanks to everyone who answers
I have a question. I am a ex UK resident with Irish citizenship and have been living in Italy for 10 years now. I have no thoughts of going back to live in the UK and was wondering if I could get my tax and social security back or transferred so as to become Italian credits? I worked full time in the UK for 6 years
thanks to everyone who answers
#2
Re: tax question
1). If you have been resident in Italy for 10 years you should not be paying tax in the UK except on unearned UK income (investment income).
2). If you have been resident in Italy for 10 years Social security payments (UK NI payments) should not be paid in UK, you should have paid in Italy. NI payments in any EU member state are summed up in the end to establish an EU total payment record. It is counted up in weeks of payments. right now in the UK you need 44 years to qualify for full state pension, it is significantly less in Italy.
If you really have been resident in Italy for 10 years without paying taxes or social security you could be in deep water, get some proffesional, reliable advice.
2). If you have been resident in Italy for 10 years Social security payments (UK NI payments) should not be paid in UK, you should have paid in Italy. NI payments in any EU member state are summed up in the end to establish an EU total payment record. It is counted up in weeks of payments. right now in the UK you need 44 years to qualify for full state pension, it is significantly less in Italy.
If you really have been resident in Italy for 10 years without paying taxes or social security you could be in deep water, get some proffesional, reliable advice.
#3
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Thread Starter
Joined: Mar 2008
Posts: 154
Re: tax question
maybe I explained myself wrong. I have been working here and paying taxes here for 10 years. Previously I worked in the UK paying taxes and social security there, laws have changed since I left and seeing as I have no desire to return I wanted to know if the taxes/social security paid in the UK could be transferred to my Italian Social Security count.
To get the Italian State pension I need to work until 2042 (when I'll be 65) and then I will get (an estimate) €420 a month
To get the Italian State pension I need to work until 2042 (when I'll be 65) and then I will get (an estimate) €420 a month
#4
Re: tax question
maybe I explained myself wrong. I have been working here and paying taxes here for 10 years. Previously I worked in the UK paying taxes and social security there, laws have changed since I left and seeing as I have no desire to return I wanted to know if the taxes/social security paid in the UK could be transferred to my Italian Social Security count.
To get the Italian State pension I need to work until 2042 (when I'll be 65) and then I will get (an estimate) €420 a month
To get the Italian State pension I need to work until 2042 (when I'll be 65) and then I will get (an estimate) €420 a month
#10
Re: tax question
I don't believe that what is being said above is true, if you have spent a qualifying period in Italy (and by 2040 you will have for sure) then your UK contributions will be communicated to INPS via a form EU205 GB and your 10 years of UK contributions will be added to your 30 (?) years of direct INPS contributions and you will be paid an Italian pension.
#11
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Thread Starter
Joined: Mar 2008
Posts: 154
Re: tax question
I don't believe that what is being said above is true, if you have spent a qualifying period in Italy (and by 2040 you will have for sure) then your UK contributions will be communicated to INPS via a form EU205 GB and your 10 years of UK contributions will be added to your 30 (?) years of direct INPS contributions and you will be paid an Italian pension.
#12
Re: tax question
I don't know why you think your Italian state pension will be worse than a UK state pension, unless it's because you are self employed and/or young. I expect my Italian state pension to be superior to a UK state pension and i also expect to be able to claim it with less contributions (36 years as opposed to 44 in UK) and at an earlier age (65 years of age in UK). Of course all of these conditions are on a sliding scale in Italy and getting worse, so it depends how old you are today as to what conditions you will enjoy, this is one of the few occasions when it pays to be old!
#13
Re: tax question
I don't know why you think your Italian state pension will be worse than a UK state pension, unless it's because you are self employed and/or young. I expect my Italian state pension to be superior to a UK state pension and i also expect to be able to claim it with less contributions (36 years as opposed to 44 in UK) and at an earlier age (65 years of age in UK). Of course all of these conditions are on a sliding scale in Italy and getting worse, so it depends how old you are today as to what conditions you will enjoy, this is one of the few occasions when it pays to be old!
Like you say the Italian one will pay out more probably.