Hello
Guest

Sponsored Links


Topic: getting pension contributions back, taxes on?  (Read 831 times)

0 Members and 1 Guest are viewing this topic.

  • *
  • Posts: 5756

  • Liked: 705
  • Joined: Sep 2015
getting pension contributions back, taxes on?
« on: March 05, 2020, 06:28:31 PM »
Ok. So two questions:

1) The Daughter had to contribute to a pension when she was working at the shop here in the UK. She had no choice. She was at the shop for just over a year with a contract of a few hours a week.  Is there any way for her to get that money that she had to contribute back now?  (The shop also made a contribution to the pension plan. Can she access that as well?) If not, is it just going to sit out in that pension for like 45+ years and accrue interest?

2) ~IF~ she was able to get that money back now, because she made so little in both the UK and USA tax years, she still will not have earned enough to come close to having to pay taxes to either country, even if all the pension contributions were returned to her and counted as income. Are there other penalties she would encounter?


  • *
  • Posts: 4133

  • Liked: 750
  • Joined: Nov 2012
  • Location: Eee, bah gum.
Re: getting pension contributions back, taxes on?
« Reply #1 on: March 05, 2020, 07:38:43 PM »
I would contact her pension provider, they will know all the ins and outs of this.
Dual USC/UKC living in the UK since May 2016


Sponsored Links