Search found 6 matches

by 9000
Thu Jan 23, 2025 6:31 pm
Forum: Taxes & finance
Topic: UK ISAs and SIPPs - Tax implications in Germany
Replies: 20
Views: 2852

Re: UK ISAs and SIPPs - Tax implications in Germany

thanks indeed the amount would be under those allowances. I am inclined not to submit returns.

The effort required to compile the information would also be quite onerous as the statements are only available on paper and go back quite a few years.
by 9000
Wed Jan 22, 2025 3:46 pm
Forum: Taxes & finance
Topic: UK ISAs and SIPPs - Tax implications in Germany
Replies: 20
Views: 2852

Re: UK ISAs and SIPPs - Tax implications in Germany

Ok, you have convinced me :-) Summary of new rules: all income in an ISA (individual savings account) , no matter what kind of ISA, has to be declared every year as capital income in your German tax return . If the ISA contains investment funds, then even if there was no income in it, it still has ...
by 9000
Thu Mar 07, 2024 10:21 am
Forum: Taxes & finance
Topic: UK Child trust fund / junior ISA
Replies: 8
Views: 1753

Re: UK Child trust fund / junior ISA

thanks Gary, indeed we're still thinking about it.

The benefit of DE ETFs would be that we could continue to pay in once the child is 18.

Once the junior ISA converts to an ISA at 18 my understanding is that no addition of funds is possible for non UK residents.
by 9000
Wed Mar 06, 2024 10:38 am
Forum: Taxes & finance
Topic: UK Child trust fund / junior ISA
Replies: 8
Views: 1753

Re: UK Child trust fund / junior ISA

I was thinking ETFs on a DE platform

One problem with keeping it going in UK is the admin effort.

Onerous identification requirements on reaching 18, lots of postal correspondence, getting an NI number, potential need for tax return in DE etc
by 9000
Wed Mar 06, 2024 9:22 am
Forum: Taxes & finance
Topic: UK Child trust fund / junior ISA
Replies: 8
Views: 1753

Re: UK Child trust fund / junior ISA

thanks a lot, more or less as I thought.

Will look to close them down once the child is 18.

Hopefully without triggering a liability in the UK due to no longer being resident.
by 9000
Tue Mar 05, 2024 1:50 pm
Forum: Taxes & finance
Topic: UK Child trust fund / junior ISA
Replies: 8
Views: 1753

UK Child trust fund / junior ISA

Hi all,

Great that this forum has survived somehow.

does anyone have experience of dealing with UK child trust funds (junior ISA)?

What's the best way of handling UK/ DE tax obligations?

Child is now permanently in DE, unlikely to return to UK.