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Do I get taxed cancelling an Retirement Annuity when living abroad.

Posted 13 May 2016

Katherine says:
11 May 2016 at 22:49

I have emigrated to the UK and want to cancel my retirement annuity fund because of it. As I now live overseas, will I still be taxed?

TaxTim TaxTim says:
12 May 2016 at 12:04

Are you wanting to withdraw the funds?

Katherine says:
12 May 2016 at 13:09

That's the plan, yes. Sangam is happy for me to do it because I have emigrated. I would just like to know if I still get taxed even if I live in the UK now.

TaxTim TaxTim says:
13 May 2016 at 10:37

Yes you will still be taxed unfortunately - please see our Lump sum calculator

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