Cashed in US Retirement policy for a UK Resident

Cashed in US Retirement policy for a UK Resident

Postby Mikethebook on Fri Jan 07, 2011 5:56 pm

I'm wondering if the cashed-in proceeds of a US Retirement plan falls under UK taxation for a UK Resident and, if so, how it is taxed. My wife, an American resident in the UK, received a cash amount after deduction of 20% federal tax..
Mikethebook
 
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