Form

Pension schemes: scheme member to both transferring and receiving scheme (APSS241)

Use APSS241 form if you're a pension scheme member to tell your UK scheme administrator and overseas scheme manager about a change of residence that may result in a change to the tax treatment of an overseas pension transfer or onwards pension transfer between overseas pension schemes.

Documents

Scheme member to both transferring and receiving scheme (APSS241)

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Details

From 9 March 2017 members who are transferring their pension must tell the scheme administrator of a registered pension scheme and scheme manager of a qualifying recognised overseas pension scheme if they change their residence.

This is because from 9 March 2017 a change of residence may result in a change to the tax treatment of an overseas transfer or onwards transfer between overseas schemes.

A change of residence may mean that you have to pay UK tax on an earlier overseas transfer or later payment out of the overseas scheme. Or it may mean that tax you paid on an earlier overseas transfer can be reclaimed from HM Revenue and Customs (HMRC).

You must complete this form and send a copy to your original UK scheme administrator and your overseas scheme manager and they will take action to either deduct tax due or reclaim the tax back from HMRC.

For more information about transferring to an overseas pension scheme, please read Overseas pension schemes.

Published 8 March 2017