Pension Taxes

barnaclebill


Joined: 12/12/2008
Posts: 303

Message Posted:
17/01/2009 19:34

Having read the NHS thread which was very informative i am now confused as to why we are paying taxes on our pensions from the UK.The nice lady in the Uk tax office told us when we left England that there was no such place as N.Cyprus but we could opt to pay taxes in Cyprus or continue to pay them in UK.So the question is what are the taxes for.(Did send the nice lady a postcard to prove there was such a place).

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
17/01/2009 19:37

Bill...did the nice lady use to work at HSBC ?



Apparantly they don't have a branch in a place called North Cyprus !....haha

barnaclebill


Joined: 12/12/2008
Posts: 303

Message Posted:
17/01/2009 19:40

probally after seeing the postcard decided to move out here !!!

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
17/01/2009 20:22

i think it was if you have not lived in the uk for the last three months, it stops you being entitled to nhs treatment.

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
17/01/2009 21:07

If you can persuade your pension providor to pay your pension here you can do say. Then be subject to TRNC taxation system.



Remember there are no tax allowances here ie your first £6k approx is not tax free as in UK.

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
18/01/2009 18:48

yes and you can claim taxes back from the uk system every april, if it is the only uk income you get.

after all the trnc doesn't exist, hence and earnings from the trnc can't either,lol.

unless you bank with hsbc, because they report everything!

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
18/01/2009 19:49

Rose you are naughty!!!! LOL

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
18/01/2009 20:02

they can't have it both ways!