Do I get taxed cancelling an Retirement Annuity when living abroad.
By Alicia Human · Updated
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?
Are you wanting to withdraw the funds?
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.
Yes you will still be taxed unfortunately - please see our Lump sum calculator