Just thought I would post on here about the change that is to be signed off tomorrow to the double tax agreement.
The change allows for people to elect where they want their income in our case pension to be taxed. There is now agreement from 1st January 2019 to elect to have tax paid in Cyprus rather than at source for U.K. Govt pensions and this will run until 31st December 2024.
A big benefit for us to pay 5% here rather than the 20% we would have had to pay.
Jim.
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