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Search: Posts Made By: taipan624
Showing results 1 to 8 of 8
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Forum: USA
Aug 8th 2012, 4:30 pm
Replies: 75
Views: 86,436
Posted By taipan624

Re: Transferring UK pension to US 401K!

So is the amount you can put into a UK Pension from income, and the tax is also deferred, I do not see where you are coming from. The UK see fit to allow a transfer, this is nothing more than an...
Forum: USA
Aug 8th 2012, 3:17 pm
Replies: 75
Views: 86,436
Posted By taipan624

Re: Successfully transferring UK pension to US 401K??

Their is no reasonable explanation why a UK Ex Pat should not be able to transfer their Pension Investments. The Inland Revenue will allow it tax free but the IRS puts up an illogical barrier by...
Forum: USA
Feb 25th 2012, 8:57 pm
Replies: 31
Views: 15,685
Posted By taipan624

Re: Transfer UK Defined Contribution Pension to USA

To date the IRS has not made a ruling on these so it continues to be a grey area. You should consult with your tax preparer before opening one of these accounts. The bigger tax trap is the ISA...
Forum: USA
Feb 25th 2012, 5:41 pm
Replies: 31
Views: 15,685
Posted By taipan624

Re: Transfer UK Defined Contribution Pension to USA

I look after my own investments through my SIPP and trade mostly in American Stocks, fortunately at the moment I have a broker who allows such trades however the cost of the trades as they do not...
Forum: USA
Feb 25th 2012, 2:12 pm
Replies: 31
Views: 15,685
Posted By taipan624

Re: Transfer UK Defined Contribution Pension to USA

Hi Shayward, yes I did get the standard reply from my Congressman and from the IRS. UK Pensions are not compliant with US Pension Plans such as 401K.

What a load of BS.

I did not get an answer...
Forum: USA
Feb 25th 2012, 1:54 pm
Replies: 31
Views: 15,685
Posted By taipan624

Re: Transfer UK Defined Contribution Pension to USA

How come the HMRC are willing to allow the transfer tax free provided the US
Pension company's are on their approved list such as FIDELITY?

It is bureaucracy on behalf of the IRS, our two...
Forum: USA
Feb 24th 2012, 7:58 pm
Replies: 31
Views: 15,685
Posted By taipan624

Re: Transfer UK Defined Contribution Pension to USA

Why not transfer all your pension investments into a SIPP, I would wary of QROP's schemes expensive to set up and lots of scammers.

A SIPP still gives you control of your investments, which I...
Forum: Canada
Feb 22nd 2012, 9:35 pm
Replies: 10
Views: 2,192
Posted By taipan624

Re: What should I do with my UK Pension????

I have mine in a Sipp and make investments myself in American Stocks which works for me.

Although I am peeved at the excessive charges my broker makes, I have tried to find another SIPP provider...
Showing results 1 to 8 of 8


 
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