Overseas pensions: tax relief for employers
When employers can claim tax relief on their contributions to an employee바카라 사이트™s overseas pensions scheme.
When tax relief can be claimed
You can get tax relief on your contributions to an employee바카라 사이트™s overseas pension scheme if they joined their pension scheme before they became a UK resident and either:
- they get migrant member relief
- their pension scheme is based in a country with a double taxation agreement with the UK that gives relief on pension contributions
You can continue to get corresponding relief if you received it on contributions to your employee바카라 사이트™s overseas pension scheme between 1 April 2005 and 5 April 2006. Contributions must be made to the same overseas pension scheme to get tax relief.
You can only get tax relief on contributions you make to your employee바카라 사이트™s pension if they바카라 사이트™re allowable expenses.
How to claim
You can claim tax relief in the same way you would for contributions to a UK registered pension.
Record the payments you바카라 사이트™ve made to your employee바카라 사이트™s overseas pension in your accounts as an expense. You바카라 사이트™ll get tax relief when this is deducted to calculate your taxable profits.