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Thank you for your question..
You state you will be receiving a payment under settlement agreement end of Oct 2016. When do you propose to leave for Singapore.
Would you be visiting the UK after your departure and how often?
Thank you for your reply.
Provided your days in the UK are limited once you leave this country to take up permanent employemnt in Singapore, you would become non resident for tax purposes after departure date.
You need to complete form P85 to advise HMRC of your departure etc. This would enable the tax office to update your records and sort out any tax payable/repayable up to date of leaving.
More information on P85 form can be found here
Attached is a link that covers general guidance on Statutory Residence Test to determine UK tax residence for individuals for tax income tax and capital gains tax purposes. For the current tax year you have been resident here for more than 183 days and therefore split year treatment will apply in your case. (read pages 3 and 4).
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
You will send your P45 to the tax office when you complete form P85. the earnings from UK employment would attract UK tax but once you have left the UK for overseas employment, this would not be chargeable to UK income tax.
Your rebate would take into account all income to date of leaving and tax suffered on it. There should be a rebate as you will get full year personal allowance.
The properties should not be an issue other than the fact if you have rental income, it would be chargeable to UK tax and you would have to claim foreign tax credit relief against it in your new country of residence.
Maintain NI payments on a voluntary contribution basis is no problem.
If this is a pensonal pension, then you get tax relief if there is earned income (employment/self employement) You may wish to talk with a pension expert (IFA on this subject).
As you will not be spending more than more than 90 days in the UK after you have left, you would be classed as non resident (2 have two ties).
HMRC will calculate the rebate from your tax return when you file one for the current tax year.
Pilon is based on your services in the UK to end of Oct and they will not be tax free as they would be shown on your P45 with tax deduction as appropriate.
I hope this is helpful.
Thank you for your reply..
You say you have a property in Manchester and your own home.
Is the apartment let or will it be let once you leave the UK?
If you don't file a tax return then you will need to send the P45 with P85.
I will be happy to manage the process.. please come back to this thread when you are ready. and we will discuss it then.
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