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second income

Posted: Sat Dec 08, 2012 12:26 pm
by colinz
As an expatriate I currently have a tax code of NT and do not pay uk income tax. I have recently taken a pension from a previous employer and the tax office has given me a code of D0 on the pension and taking 40% of the pension is this correct? Is there anyway that I can get NT status on the pension too?

Re: second income

Posted: Sun Dec 09, 2012 9:28 pm
by pawncob

Re: second income

Posted: Mon Dec 10, 2012 7:56 am
by nikkisizer
Hello colinz,

As pointed out by pawncob, UK Pensions are subject to UK tax but as an Expatriate you will still be entitled to the UK personal allowance.

If tax on your pension is being deducted at the rate of 40% and it is your only source of income from the UK then it is very likely that you will have overpaid in tax.

After performing the tax calculation at the end of the tax year any overpayment can be claimed back from HMRC.

Happy to help if required so if you need any further assistance please do not hesitate to contact me.

Re: second income

Posted: Thu Apr 18, 2013 2:57 pm
by colinz
After a few months with HMRC they now agree that my main salary is NT and that as pointed out the pension I am drawing is my only income in the UK so I can have a proper tax code as opposed to the D0. My question is, I have over paid for the last few months and doubt very much it would be paid back automatically, what form do I need to fill to reclaim the over payment?

Re: second income

Posted: Thu Apr 18, 2013 3:15 pm
by King_Maker
I assume you have checked the relevant Double Tax Treaty for pension taxability?

Re: second income

Posted: Thu Apr 18, 2013 5:49 pm
by colinz
enlighten me please

Re: second income

Posted: Thu Apr 18, 2013 8:18 pm
by King_Maker
Apart from pensions for government officials etc, a UK pension is often taxable in the resident State - NOT the UK.

The relevant Treaty, if any, needs to be consulted to ascertain the position.

So where do you reside?

Re: second income

Posted: Fri Apr 19, 2013 9:06 am
by colinz
Thats not a problem here in Nigeria, they have all on taxing themselves. Thanks for the info though