Document for UK State pension for Swiss tax purposes

Finance, Taxes, Banking, Insurance and Retirement
1

Can’t find anything about this so new thread time.

Husband started getting his UK State pension last year and it is paid to him here in Switzerland. So does the UK international pension centre send any paperwork about how much he got during the tax year to send with the Swiss tax returns? Or does the Geneva international tax office issue such paperwork?

I can easily add up what he received each month (varies due to the exchange rates), but obviously don’t have any paperwork confirming this except for bank statements.

My UK State pension is paid into my UK bank so I haven’t had to deal with this before.

2

Just declare the amount, use either the monthly exchange rate or the official annual one if it’s to your advantage. They will believe you

3

They send nothing so you just add up the total for the year and use that.
It’s easy for your husband as his is already paid in Swiss francs so you don’t have exchange rates to deal with.

My husbands is paid into a uk bank account so we use the exchange rate on the 31st December for the total annual amount but you can use the exchange rate for each payment if you prefer.

Why have you not done it for your pension? You have to declare your UK pension on your Swiss tax return.

4

I do declare my UK pensions, but as you said I use the end of year exchange rate to do the calcs. With husband’s it’s coming directly into our bank account as Swiss Francs so no exchange needed.

Since my UK pensions go into my own UK account and not our joint one I just send a copy of the end of year bank statement to show the total figure then. Do the same for the UK joint one. But hubby’s UK pension going direct to our Swiss account each month means there’s no easy way to what he’s received.

5

I just do a search in my online bank account for “dwp” for the year and then I get a nice list with a total at the bottom

6

That’s an idea marton. I’ll give that a try. Thanks. :grinning:

7

Hm, tried, but I can’t seem to find any way to call it up. When I search transactions it comes up saying there aren’t any even though the most recent one shown is DWP. :crazy_face:

8

Searching for transactions of an amount between +/- 5% of the amount should catch them

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9

Do a search of credits for the year 2024 and they should all pop up. Add them up and put the total on the tax form. If they come back and ask for proof then you’ll have to print out the incoming payments for them but we’ve never been asked for anything.

I think you’re making it far more complicated than it actually is, you have all the info necessary and you don’t even need to faff about with exchange rates.

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10

Been doing it for 10 years. I tot up DWP entries on my phone with online banking (ZKB) enter the total on the tax form. Never queried…

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11

This is how I set up the search in UBS, of course, the banks are all different

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12

Thanks, that worked. Not quite the same on my UBS account, but using dwp did call the info up. I was using the whole organisation name. :crazy_face:

13

Also where do you put that on the tax form? I can’t see where that would be added. It’s not Swiss pension stuff, salary or pension insurances.

14

I put it under salary and label it as UK State Pension

15

Funnily enough got the tax document from husband’s company pension and they put most of it down as salary on theirs. :grinning:

16

A UK private or company pension will give a P60 at the end of the year.

17

Yes, but April to April not Jan to Dec.

18

Not getting that yet, have to sort out an annuity to put it into first. Hopefully something we can do in the next couple of weeks when we’re in the UK.