British Expats - Taking 401K pension in UK

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rivet

May 6th 2008 6:20 pm

Taking 401K pension in UK

Does anyone know the tax implications if I retire to the UK and have my 401K pension wired to my UK bank account.

Thanks in advance.

Red Cloud

May 7th 2008 10:49 pm

Re: Taking 401K pension in UK

I think you will be taxed on the interest from it if you are a UK resident.

See the rates and other info here

http://www.hmrc.gov.uk/rates/it.htm

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