hTTi

To confirm my interpretation, which may also be useful to others who have a UK SIPP or similar foreign pension, which is taxable in Germany: If benefits are encashed before 31.12.2024, they will be taxed in Germany as a normal investment fund, i.e. only on the capital gain. If benefits are encashed...

The same rules apply to SIPP: If you paid tax-relieved money into the SIPP, Germany will make you tax 100% of the payout under this new rule. Thanks very much for clarifying this Panda. So my optimistic interpretation of “Versorgungseinrichtung“ as not applying to a SIPP is wrong. That Information ...

I’m still a bit uncertain about this. In my previous message, I concluded that the change as set out in law applies only to company pensions (my interpretation of Versorgungseinrichtung), and therefore should not apply to a UK SIPP. However, PandaMunich’s original description says it applies to a US...

I've just come across this thread. I note that the first change is headed "US Pension Plans", but that the detailöd article refers to "foreign company pension schemes". Would this also apply to a UK SIPP. It's not a Company Pension scheme, but it's a private Pension arrangement ...

I've just come across this thread. I note that the first change is headed "US Pension Plans", but that the detailöd article refers to "foreign company pension schemes". Would this also apply to a UK SIPP. It's not a Company Pension scheme, but it's a private Pension arrangement t...