I am a retired British expatiate who is considering permanent retirement in Poland. A Polish tax advisor has informed I will not have to pay tax on my UK pension. Apparently this is part of EU law. I find this a bit unbelievable as my pension is considerably in excess of the individual tax free allowance in Poland. My pension is my only income that is not taxed at source and I would lose about 40% of it if taxed at Polish income tax rates.
Does anybody have experience / knows about this?
British pension for retiree living in Poland
Polterry
12 April 2014 23:03:19
15
anianoire
28 April 2014 11:20:51
7
I am not 100% sure but it seems true to me that as long as you have exclusively foreign source of income you can freely choose whether you want to have it taxed here in Poland or in the country which is the source of your income. It's based on EU agreements. I was in a similar situation (with exclusively Dutch income) at some point. Just remember that once you earn even a single penny here in PL the situation will change and complicate.
Bests
Anna
anianoire
28 April 2014 11:26:20
7
And you cannot have your income completely not taxed. It must be submitted in a tax declaration somewhere - either in PL or UK. If your British law allows it to be free of tax (for some reason that I do not know) it is ok. But it must be declared somewhere (just check where the regulations are more beneficial for you).
scottishpoet
28 April 2014 21:19:25
2
I suspect its a bit like my UK rental income
I have to declare it on my Polish tax return but am not taxed specifically on that income as I choose to be taxed on it in the UK
As I am within my personal allowance on UK income it is taxed at 0% in the UK
As I am learning, what you do need to watch is if you get any taxable income in Poland then your pension will be included as income to decide what tax rate you need to pay on your Polish income
Subscribe to this topic
Articles to help you in your expat project in Poland
Tax in Poland
Find, in this article, all that you need to know on the Polish tax system and discover how to settle your tax ...
Phones and Internet in Poland
Find, in this article, an overview of the Polish telecommunications market and some tips to help you get ...
Opening a bank account in Poland
Can foreigners open a bank account in Poland? What are the relating formalities? Find out in this article.
Leisure in Poland
Wondering how to keep yourself busy in your free time in Poland? Find all that you need to know about leisure in ...
Traveling to Poland with your pet
Moving to Poland with your pet? Find out about the requirements you will need to meet when entering the country ...
Work in Wroclaw
Looking for a job in Wroclaw? Learn more about the city and get some useful job hunting tips in this article.
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"