Moving back to the UK
Sep 30th 2020, 10:20 pm
#1
Just Joined
Thread Starter
Joined: Dec 2010
Location: Madison Wi
Posts: 6
Moving back to the UK
Hi everyone,
Im just starting the process of moving back home to the UK after 20 years. I was wondering if it was worth getting professional help with the administrative, money/ pension side of things and if so Any recommendations? Its almost overwhelming the amount of 'experts" out there.
Thanks for your time
Steve
Im just starting the process of moving back home to the UK after 20 years. I was wondering if it was worth getting professional help with the administrative, money/ pension side of things and if so Any recommendations? Its almost overwhelming the amount of 'experts" out there.
Thanks for your time
Steve
Sep 30th 2020, 10:37 pm
#2
Lost in BE Cyberspace
Joined: May 2010
Location: San Diego, California
Posts: 9,654
Re: Moving back to the UK
So you are looking to move pensions, money, investments to the UK? Need an accountant/tax expert?
Perhaps a bit more info could give folks an idea of who/what to recommend.
Perhaps a bit more info could give folks an idea of who/what to recommend.
Oct 1st 2020, 12:47 am
#3
Just Joined
Thread Starter
Joined: Dec 2010
Location: Madison Wi
Posts: 6
Re: Moving back to the UK
Hi
I suppose all of the above. I'm mainly struggling with the pensions and tax rules My wife is a US citizen but it seems the visa process is actually not horribly complicated
I'd appreciate any thoughts or recommendations
Thanks
I suppose all of the above. I'm mainly struggling with the pensions and tax rules My wife is a US citizen but it seems the visa process is actually not horribly complicated
I'd appreciate any thoughts or recommendations
Thanks
Oct 1st 2020, 7:02 am
#4
Just Joined
Joined: Sep 2020
Posts: 17
Re: Moving back to the UK
hi, thing is most of these "experts" want to sell you something, which is not necessarily what you are looking for. The advice they might give comes secondary to the selling.
I think you can probably find much of the advice you need online for free and it would be the same if not better than that which you would get from people trying to sell you something. Unfortunately even people like accountants and lawyers are also in the selling business, so their usefulness is limited.
Going the other way, ie emigrating, I've found their advice is also not even reliable and they've told me things which were not correct or were just their own opinions. I can often do better sourcing the info for free myself. One advantage you also have is that it's all in your native language and for your native country.
I think you can probably find much of the advice you need online for free and it would be the same if not better than that which you would get from people trying to sell you something. Unfortunately even people like accountants and lawyers are also in the selling business, so their usefulness is limited.
Going the other way, ie emigrating, I've found their advice is also not even reliable and they've told me things which were not correct or were just their own opinions. I can often do better sourcing the info for free myself. One advantage you also have is that it's all in your native language and for your native country.
Oct 1st 2020, 8:26 am
#5
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,131
Re: Moving back to the UK
It need not be too difficult and you may not need a tax advisor at all. We have 2 private US pensions, 2 UK pensions, each have an IRA will soon both be getting OAP and SS. The US pensions are paid into our US bank which we kept on after we moved to England, and the IRA account management has also been easy to manage from England. Just need some pre-planning well before you move to be sure the institutions you have your money in support overseas customers.
