Good Day, I would appreciate it if you can answer these questions for me.
I am 58yr-old UK Ex-pat who has been working full-time in the Dutch system for around 8 years, previously from 2001 I was working with UK Agencies in Holland continuing in the UK Tax system. In my last job in UK 1992-2001 I contributed to a Works Pension Scheme and recently I approached them about cashing in any benefits I have accrued. They have sent me an offer of a lump sum circa 18k plus approx 220 GBP per month.
My questions are.
I expect to pay HMRC UK tax on my lump sum before transferred to my Dutch Bank account but will I be expected to pay a further sum to the Belastingdienst, therefore suffering double taxation?
The same question for my monthly payments from the old Pension Scheme of 220 per month?
I would call the Belastindienst for these answers but they will only speak to me in Dutch but mine is not quite good enough to hold this conversation with them..
Rgds
Steve