A US company that I previously worked for facilitated a retirement savings scheme not termed as a pension. I have always been resident in the uk and worked internationally.
I have paid UK tax on all my and the companies contributions to scheme at 40% as I declared this on my gross income.
This is a US dollar scheme but administered by Fidelity UK and I have not received any tax relief on this scheme.
My question is, when I decide to withdraw from the fund either as a drawdown or lump sum it will be paid in US dollars to my account, what will my tax liabilities be considering I have not claimed tax relief and could also be seen as foreign income and also considering I have paid 40% tax already, will I be able to receive 25% tax free lump sum etc etc?
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