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Cashing in foreign pension - tax implications

  • 17-01-2012 04:41PM
    #1
    Registered Users, Registered Users 2 Posts: 181 ✭✭


    I have a US pension that I am thinking of cashing in. I understand that I must 'pay tax' on this pension, but do I do so in the USA or Ireland (where I now live)? I know I'll have to file a US tax return in the year that I cash it in stating worldwide income, but do I then also have to claim the money in Ireland as extra earned income? Does Ireland tax me on my global income?

    Any advice would be welcomed!


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