Welcome to the Event, Cheaberra!
When you are a US citizen, all world-wide income is taxable.
This private pension withdrawal would be taxable in the US, but not in the UK.
The PCLS 25% tax-free cash payment is tax-free in the UK, not other countries.
A very common misconception is that this payment is always tax-free in the US. It is not.
Remember taking larger payments could push you into a higher tax bracket if you aren't careful.
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