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Bringing UK Pension to Ireland

  • 21-06-2016 10:08AM
    #1
    Mikebyrne
    Registered Users, Registered Users 2 Posts: 179 ✭✭


    We are cashing in our pension fund from the UK, paying the tax in the UK, and transfering the money over here.

    1) Will we have to pay tax on the money bringing it over?

    2) Is there a way to claim back the tax paid in the UK?

    Any advice would be


Comments

  • #2
    gerrybbadd
    Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭gerrybbadd


    If you are resident in Ireland for tax purposes, you are taxable on any income remitted into the state at Irish rates.

    You will be given credit for any tax suffered in the UK, as Ireland has a Double Taxation Agreement with England


  • #3
    Mikebyrne
    Registered Users, Registered Users 2 Posts: 179 ✭✭Mikebyrne


    gerrybbadd wrote: »
    If you are resident in Ireland for tax purposes, you are taxable on any income remitted into the state at Irish rates.

    You will be given credit for any tax suffered in the UK, as Ireland has a Double Taxation Agreement with England

    Thanks for the reply

    What do you mean by given credit for any tax suffered?

    Just giving rough figures here:

    Pension pot is £131k, we're taking after 40% uk tax £91,700 back into Ireland


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