Go Back  British Expats > Living & Moving Abroad > Moving back or to the UK
Reload this Page >

Retired dual citizen moving back to UK

Retired dual citizen moving back to UK

Old Oct 16th 2019, 6:31 pm
  #1  
Just Joined
Thread Starter
 
Joined: Jul 2011
Posts: 16
countrygirl33 is an unknown quantity at this point
Default Retired dual citizen moving back to UK

Hi, I just recently retired and am contemplating moving back to the UK . I own a home in USA and a vacation flat in UK .. I would like to become resident in UK for more than six months to see how I adjust to life there again.. How will this affect my bank accounts in USA , taxes, and pension I receive in the USA ? Thank you
countrygirl33 is offline  
Old Oct 16th 2019, 9:25 pm
  #2  
Heading for Poppyland
 
robin1234's Avatar
 
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 9,960
robin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond repute
Default Re: Retired dual citizen moving back to UK

This is pretty much my position. I retired in 2013 in the US, bought a flat in the UK in 2015 and have more or less divided my time between US and England since then. In terms of US institutions, there’s been no effect, as I’m still a US resident. I pay US & New York tax, I maintain a home, car, bank accounts etc. in NY, and I receive pensions, annuities etc in US as usual.

robin1234 is offline  
Old Oct 16th 2019, 9:34 pm
  #3  
Heading for Poppyland
 
robin1234's Avatar
 
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 9,960
robin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond reputerobin1234 has a reputation beyond repute
Default Re: Retired dual citizen moving back to UK

I’m a British resident, on the electoral register, and registered with an NHS practice (although have never been to the doctor.) As for UK taxes, I twice did a self assessment and paid tax, but they persistently refunded all my tax to me. So for the moment, I gave up on tax. (As it happens, my income is very low, so it’s not much of an issue, however it will become an issue in a year or two, when I will have to start taking Required Minimum Distribution on my US retirement funds.)
robin1234 is offline  
Old Oct 17th 2019, 3:09 am
  #4  
Just Joined
Thread Starter
 
Joined: Jul 2011
Posts: 16
countrygirl33 is an unknown quantity at this point
Default Re: Retired dual citizen moving back to UK

Thanks for your response. You seem to be in a very similar situation to me.. If I stay more than 6 months in UK , how does it work with tax? Will I need a tax person/accountant in UK ? Can you still keep all US bank accounts if resident in UK full time and continue to have pension paid in to US? . I just feel that I really want to try a full year in UK , but don't know how to make sure I make right moves on tax etc ..I've been too busy working all my life to look into the details :-) I closed out my UK bank accounts years ago , but opened an Isle of Man account for sterling currency . When I tried to open a UK bank account a couple of years ago , the banks wouldn't accept me unless I was resident or had a salary paid in on a regular basis.

My other problem is that if I want to buy a car to keep there , insurance is astronomical because I'm using an American license .. I have the old green driver's license for UK , but it has my old address, and I was told that I couldn't use it as I"m not resident there .., I'm assuming if I do reside full time in UK that eventually I will be able to use it and hopefully get reasonable car insurance. I don't suppose you know of any way to get insurance using the US license ? Thanks
countrygirl33 is offline  
Old Oct 17th 2019, 10:55 am
  #5  
 
BritInParis's Avatar
 
Joined: Feb 2012
Location: Not in Paris
Posts: 15,565
BritInParis has a reputation beyond reputeBritInParis has a reputation beyond reputeBritInParis has a reputation beyond reputeBritInParis has a reputation beyond reputeBritInParis has a reputation beyond reputeBritInParis has a reputation beyond reputeBritInParis has a reputation beyond reputeBritInParis has a reputation beyond reputeBritInParis has a reputation beyond reputeBritInParis has a reputation beyond reputeBritInParis has a reputation beyond repute
Default Re: Retired dual citizen moving back to UK

Providing you have a UK address then you can simply renew your UK licence.
BritInParis is offline  
Old Oct 17th 2019, 4:42 pm
  #6  
BE Forum Addict
 
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 2,343
durham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond repute
Default Re: Retired dual citizen moving back to UK

A year after we retired we did a “suck it and see” by staying for 6 months in England in a rental place. We arrived end of February so the time spent was not 6 months in a single UK tax year and we didn’t register with the NHS or anything. We didn’t buy a car, just rented when we needed to.

That was in 2011 and we enjoyed it so much that after a few years traveling we decided to move back and it was extremely easy. We exchanged our old paper licence for a new photo id and bought a 2nd hand car etc. We registered with the NHS immediately and transferred my prescription from the US to the NHS, “That is exactly what we prescribe for that condition”, said the doctor and wrote a repeat prescription.
durham_lad is offline  
Old Oct 17th 2019, 4:46 pm
  #7  
BE Forum Addict
 
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 2,343
durham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond repute
Default Re: Retired dual citizen moving back to UK

Originally Posted by robin1234 View Post
I’m a British resident, on the electoral register, and registered with an NHS practice (although have never been to the doctor.) As for UK taxes, I twice did a self assessment and paid tax, but they persistently refunded all my tax to me. So for the moment, I gave up on tax. (As it happens, my income is very low, so it’s not much of an issue, however it will become an issue in a year or two, when I will have to start taking Required Minimum Distribution on my US retirement funds.)
That is my wife’s situation when she files each year, but will change in a couple of years once she starts drawing her OAP and SS. Her current income is from stock dividends and capital gains from sales of shares but the personal allowance and generous capital gains allowance means she doesn’t owe UK tax.
durham_lad is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.