This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Xmas Legs Small Present Present
Pocketmags Digital Magazines
Pocketmags Digital Magazines

UK/UAE treaty allows expats to cash in pension pots tax-free

• The double tax treaty was signed in December 2016 and became effective with the new UK tax year

• Expats in UAE can use their Sipp to withdraw their pension pots tax-free, skipping the new 25% Qrops tax

A United Arab Emirates/UK double tax agreement (DTA), which came into force on 1 January, means British expats over the age of 55 residing in the Gulf state are able to cash in their full pension pot entirely tax-free, according to David Denton, head of international technical sales at Old Mutual Wealth.

Purchase options below
Find the complete article and many more in this issue of -
If you own the issue, Login to read the full article now.