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Transferring UK pension to US 401K!

Transferring UK pension to US 401K!

Old Jul 26th 2013, 1:38 am
  #76  
 
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Default Re: Transferring UK pension to US 401K!

Originally Posted by RugbySpecial
...... Also because the HMRC doesn't allow continuing contributions from ex-pats the snowball effect off the market can't be fully capitalized upon. .....
Well no, you can't add to your British private pension (and why would you want to when uou don't have any British earned income to set it against? ) .... but now you put money in a 401k instead, so you have two snowballs growing instead of one, which is exactly the same, but with some diversification thrown in, and that has some value too.
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