Originally Posted by
Kempus
Please seek some professional financial advice.
The DTT that comes into effect is to allow those of pensionable age who, earned thier pension in the UK i.e. made the pension contributions whilst paying tax on thier earnings, the ability to draw that pension in thier country of residence and pay tax at the rate of that country be it as a passport holder or resident status.
At the moment that rate is zero on pensions in the UAE.
If DTT does come in on earnings it will be several years after implementing income tax in the UAE as it will need to be means tested.
The proposed contract on its face is already poor without seeing the details.
Interesting stuff, thanks. I figured it would be pretty odd. Not sure how many expats who earned retirement benefits back home will be planning on retiring in the Middle East, but takes all sorts, I suppose!