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Forum: USA

Jul 6th 2016, 11:22 pm

Replies: 340

IRS & "Tax-Free" UK pension lump sums

Views: 104,274

Posted By Pulaski

Re: IRS & "Tax-Free" UK pension lump sums

No.

Forum: USA

Jun 30th 2016, 9:17 pm

Replies: 340

IRS & "Tax-Free" UK pension lump sums

Views: 104,274

Posted By Pulaski

Re: IRS & "Tax-Free" UK pension lump sums

No difference. If it is a bona fide pension account in the UK it is protected under the tax treaty.

Forum: USA

Jun 30th 2016, 5:50 pm

Replies: 340

IRS & "Tax-Free" UK pension lump sums

Views: 104,274

Posted By Pulaski

Re: IRS & "Tax-Free" UK pension lump sums

I only mentioned the ISA as an example of a fund that is tax-free in the UK, but is not protected by the tax treaty.

A personal pension plan is protected under the treaty - tell the tax attorney...

Forum: USA

Jun 30th 2016, 5:18 pm

Replies: 340

IRS & "Tax-Free" UK pension lump sums

Views: 104,274

Posted By Pulaski

Re: IRS & "Tax-Free" UK pension lump sums

That is incorrect, bona fide pension funds are protected under the tax treaty. By way of contrast, ISAs are not protected and ISA gains and income are taxable in the US.

Forum: USA

Jan 1st 2015, 4:46 am

Replies: 340

IRS & "Tax-Free" UK pension lump sums

Views: 104,274

Posted By Pulaski

Re: IRS & "Tax-Free" UK pension lump sums

Aren't you just getting a 0% credit against US taxes? :unsure: I don't see how getting "taxed" at 0% gives you immunity to US taxes.

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