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Search: Posts Made By: mrken30
Showing results 1 to 14 of 14
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Forum: The Rovers Return
Jan 10th 2017, 3:29 pm
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

I did, but the advantage of being able to deduct depreciation and expenses from my taxes outweighed the gain by putting them in an IRA. Also obtaining a mortgage is much more difficult if a real...
Forum: The Rovers Return
Jan 10th 2017, 2:06 pm
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

I have my US address on my bank account. Also the house records also have my US address.



A non UK resident can not open a new bank account. Currently if you already have an account most banks...
Forum: The Rovers Return
Jan 10th 2017, 1:58 pm
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

Yes you need to make sure you follow the rules, but it does allow you to defer capital gains indefinitiely. The base value is reset on death.
Forum: The Rovers Return
Jan 9th 2017, 9:57 pm
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

That's net after expenses (property management, utilities,insurance) unless I have a major repair, worse case has been around 6% return. I obviously pay US taxes on this income, but it more or less...
Forum: The Rovers Return
Jan 9th 2017, 5:27 pm
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

I get about a 12% income return on the rental in the UK. that doesn't take into account capital appreciation. Property prices in the US are crazy right now, you are lucky to get a 5% return in the...
Forum: The Rovers Return
Jan 9th 2017, 4:39 am
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

These are UK fund which have to be purchased in the UK by the look of things. If so that's a big tax headache.
Forum: The Rovers Return
Jan 8th 2017, 11:02 pm
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

I was thinking of maybe investing in UK equities via a US IRA. I know I will lose a little on the FX , but the tax savings should offset that a bit.

I had not thought about gilts.
Forum: The Rovers Return
Jan 8th 2017, 6:13 pm
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

The aim for me was to try an pull my GBPs from the UK and invest in UK funds to maintain the link to the currency I may retire on in 20 years. I want to avoid FX fluctuations if possible. Income in...
Forum: The Rovers Return
Jan 8th 2017, 4:58 am
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

If you inform NS&I you are living or moving to the US, they will request that you close your account.
Forum: The Rovers Return
Jan 8th 2017, 1:40 am
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

The US does not allow people to hold premium bonds. I did however find this list of UK ETFs, now I just need to find if any US IRAs hold any of these ETFs

United Kingdom ETF List, Screener & News...
Forum: The Rovers Return
Jan 6th 2017, 6:46 pm
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

It's very difficult to or impossible to open new accounts as a non resident.
Forum: The Rovers Return
Jan 6th 2017, 3:15 pm
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

yes, they recently reduced the rates to 0.05% and I thought US interest rates were low. It wasn't so bad when it was 0.5%.
Forum: The Rovers Return
Jan 6th 2017, 1:33 pm
Replies: 31
Views: 3,822
Posted By mrken30

Re: Retirement fund options in the UK

Yes, I am paying US taxes on the income. I could increase 401k contributions, but I was trying to find a way of getting around the low value of the pound

I haven't found many UK fund options in...
Forum: The Rovers Return
Jan 5th 2017, 7:25 pm
Replies: 31
Views: 3,822
Posted By mrken30

Retirement fund options in the UK

I am getting rental income in the UK, and the exchange rate is not good. Has anyone found a worthwhile option for adding to a retirement fund. I believe you can only add to a personal pension if you...
Showing results 1 to 14 of 14


 
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