Do SIPP contributions count for US tax?
#1
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Joined: May 2011
Location: Planet Earth
Posts: 80
Do SIPP contributions count for US tax?
The UK allows you to pay £2880 into a SIPP for 5 years after you leave the UK and will give you £720 in "tax relief" even though you no longer live or pay tax there.
I seem to recall reading that those SIPP contributions will count as retirement/401k/whatever contributions when you do the US tax return but unfortunately I can't find much information about this.
Can someone confirm that SIPP contributions count as retirement contributions from a US perspective that will lower your taxable income. If so, how do I enter that on the tax return? (which field or name do I have to look for). Finally, is my contribution £2880 or the full amount including tax relief, i.e. £3600?
One reference I found is this but it's from a US citizen in the UK:
https://money.stackexchange.com/ques...-contributions
I seem to recall reading that those SIPP contributions will count as retirement/401k/whatever contributions when you do the US tax return but unfortunately I can't find much information about this.
Can someone confirm that SIPP contributions count as retirement contributions from a US perspective that will lower your taxable income. If so, how do I enter that on the tax return? (which field or name do I have to look for). Finally, is my contribution £2880 or the full amount including tax relief, i.e. £3600?
One reference I found is this but it's from a US citizen in the UK:
https://money.stackexchange.com/ques...-contributions
#2
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Joined: Aug 2013
Location: Athens GA
Posts: 2,132
Re: Do SIPP contributions count for US tax?
The UK allows you to pay £2880 into a SIPP for 5 years after you leave the UK and will give you £720 in "tax relief" even though you no longer live or pay tax there.
I seem to recall reading that those SIPP contributions will count as retirement/401k/whatever contributions when you do the US tax return but unfortunately I can't find much information about this.
Can someone confirm that SIPP contributions count as retirement contributions from a US perspective that will lower your taxable income. If so, how do I enter that on the tax return? (which field or name do I have to look for). Finally, is my contribution £2880 or the full amount including tax relief, i.e. £3600?
One reference I found is this but it's from a US citizen in the UK:
https://money.stackexchange.com/ques...-contributions
I seem to recall reading that those SIPP contributions will count as retirement/401k/whatever contributions when you do the US tax return but unfortunately I can't find much information about this.
Can someone confirm that SIPP contributions count as retirement contributions from a US perspective that will lower your taxable income. If so, how do I enter that on the tax return? (which field or name do I have to look for). Finally, is my contribution £2880 or the full amount including tax relief, i.e. £3600?
One reference I found is this but it's from a US citizen in the UK:
https://money.stackexchange.com/ques...-contributions