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Tax Calculator

FREE TAX CALCULATOR – PENSION INCOME CALCULATOR

Technical disclaimer – This section of the website is only directed at financial advisers, professional, institutional or qualified investors and is not suitable for retail investors.
If you remain on this page, you understand and declare that you qualify as one of the above and that you are not a retail investor as defined in the relevant jurisdiction legislation.

The Tax calculator is intended to show the pension income tax payable at source when drawing benefits from your pension.

This will depend on how much of the fund you are taking, or is available, as a tax free lump sum.

You should also check the tax treatment in the member’s country of residence and any double tax treaties that may be in force.

The below table is based on IVCM’s perception of the tax applicable in each jurisdiction and can’t be substituted for personal tax advice. The information provided is to help you make your own informed decisions but does NOT replace personal tax advice based on your circumstances. Please seek advice prior to making any withdrawal from your pension.

Tax Calculator

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Lump Sump

Subject To Tax

Gibraltar Australia* New Zealand** United Kingdom Malta
Tax

“OR”

Overseas Transfer Tax Charge (OTC) United Kingdom
Based on full fund value above
Based on full fund value above less lump sum

The table above compares the OTC against the tax payable on income withdrawals under each jurisdiction. In certain cases, paying the OTC will be more beneficial than paying the tax due on the withdrawal.





* 0% tax will only apply if the preservation rules are met
** 0% tax will only apply if the prescribed investor rate = 0%

The above table is based on IVCM’s perception of the tax applicable in each jurisdiction and can’t be substituted for personal tax advice. The information provided is to help you make your own informed decisions but does NOT replace personal tax advice based on your circumstances. Please seek advice prior to making any withdrawal from your pension.

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