Tax for transferring a lump sum from a Cayman pension to UK
 

I worked in Cayman for about 3 years and paid in to a pension whilst I was out there. I've now been back in the UK for 2 years and have received the pension money in to my cayman account.

I'm not sure what to do now?

I think that if I transfer the money to UK I am allowed 20% tax free and then have to pay a % tax on the remainder.

or

I pay it in to a UK pension, get a rebate which I then have to keep to one side to pay off the tax I get charged and come out even with all funds in my pension.

Any advice out there? Ideally i'd like to pay no tax (I didn't earn it when I lived in the UK) and have the cash to spend :thumbsup:

Thanks!

Re: Tax for transferring a lump sum from a Cayman pension to UK
 

Hi

We specialise in foreign exchange, however I do work with a number of companies in the industry who may be able to help with your tax enquiry.

Please let me know your details and I will aarrnage for someone to contact you.

Kind regards,

Sarah