PDA

View Full Version : Paying tax twice


Radrich
10th February 2010, 10:06
My wife paid into a savings plan for a number of years whereby she choose the option of paying the tax every month (included in the premium). The savings plan was set up in South Africa a number of years ago when we lived there, and was paid for via a monthly pension income she received. It has know matured and no more tax is payable. If we ask for some of the money to be transferred into our personal bank account in the UK will we have to pay tax here in the UK on it? We are looking to transfer around £10k.:|

yorkshirejames
10th February 2010, 15:39
Probably not, assuming that there is a double taxation treaty in place between UK and ZA.

Find an accountant who knows about both countries (if you're in London, there will be plenty of safa accountants who have the appropriate knowledge).