Hi sir i am writing to seek advices the calculation for my pay to dcni schemes regarding my mandatory provident fund (mpf) contributions in hong kong. I looked at the list and there isn't any. Mandatory provident fund is a compulsory saving scheme (pension fund) for the retirement of residents in hong kong.
Is there a ‘qualifying recognised overseas pension scheme’ (qrops) in singapore? This employment ended on mar 30, 2025 and my provident fund balance had grown to gbp100,000. I am looking into transferring my uk pension to an entity in singapore because i am no longer resident in the uk (left the uk in 2001) and.
My employment will end on mar 30, 2026 and my provident fund balance is expected to grow to gbp110,000. What is the tax implications regarding this fund? 2) also, i have a few assets in my parents name which they are selling and would like to give me a portion of the amount they get from the sale. This cannot be withdrawn after retirement.
Mummyl wed, 02 apr 2025 08:47:58 gmt 0 overseas provident fund moonatsang hmrc admin 17 response wed, 02 apr 2025 08:45:06 gmt The saving would vary in nature like provident fund, pension investment and fixed deposits. The lumpsum is made of employer and employee contributions made prior to 2016 but may include some interest/dividend accrued after 2016 until 2023. The employer have maintained a defined benefits provident fund in hong kong and my fund value was gbp80,000 as of april 30, 2024.
If yes, is this catagorized as capital gain tax?. It makes profit by making investment on shares or funds. I thought that the singapore central provident fund, the singapore government pension agency, might be a qrops. I have been with the company for 10 years (working in hk and is not a uk tax resident) and have a defined benefits provident fund with value of gbp100,000 as of april 30, 2025.
Hi, please can you advise the uk tax treatment on lumpsum sum withdrawal of malaysia epf amount into uk for the current year. In hong kong, the mpf scheme requires both employers and employees to make mandatory contributions of 5% of the employee’s relevant income, up to a statutory cap of hkd 1,500 per month.