British Expats - Search Results
British Expats

Go Back  British Expats > Search Forums
Reload this Page >

Search Results

Register
FAQ
Wikiposts
Search
Today's Posts
Mark Forums Read
Vendor Directory
 
Page 1 of 4
1
2
3
4
Search: Posts Made By: jb82
Showing results 1 to 25 of 78
Search took 0.13 seconds.
Forum: USA
Apr 14th 2024, 6:33 am
Replies: 1,834
Views: 535,941
Posted By jb82

Re: UK state pension and USA social security

But this is not double dipping. The agreement is only using the UK years to qualify for the US social security pension but it is still only paid on the actual 8 years that they worked in the US. The...
Forum: USA
Apr 10th 2024, 3:47 pm
Replies: 1,834
Views: 535,941
Posted By jb82

Re: UK state pension and USA social security

There is nothing in the totalization agreement that indicates that to my knowledge.
Forum: USA
Apr 10th 2024, 3:16 pm
Replies: 1,834
Views: 535,941
Posted By jb82

Re: UK state pension and USA social security

I believe with the facts as stated that you would qualify for a us social security retirement benefits under the totalization agreement between the US and UK. The calculation is a bit complicated but...
Forum: USA
Feb 9th 2024, 3:01 am
Replies: 1
Views: 392
Posted By jb82

Re: Tax - UK/US dual status residency, self employment, totalization agreement

I am not an expert but my understanding is that income is taxable when you receive it so you will be liable to US taxation on those amount since you were resident in the US when you received the...
Forum: USA
Sep 13th 2018, 4:59 pm
Replies: 758
Views: 225,299
Posted By jb82

Talking Re: Class 2 NI abolished. What about us poor expats paying voluntary contributio

OP here. You just made my day too! :thumbup:
Forum: USA
Apr 15th 2016, 6:34 pm
Replies: 340
Views: 104,030
Posted By jb82

Re: IRS & "Tax-Free" UK pension lump sums

You can access your pension pot at 55 in the UK anyway. You are unlikely to receive any of it tax free that is all.

1. Is your current pension a defined benefit pension - it may be more...
Forum: USA
Apr 14th 2016, 4:45 pm
Replies: 340
Views: 104,030
Posted By jb82

Re: IRS & "Tax-Free" UK pension lump sums

You have to read the full paragraph together.

Subparagraph 1(a) is subject to the saving clause
If the payment is subject to the savings clause then...

Thus, a U.S. citizen who is a resident...
Forum: USA
Apr 5th 2016, 6:31 pm
Replies: 1,834
Views: 535,941
Posted By jb82

Re: UK state pension and USA social security

Many US insurance companies do temporary health insurance which might be okay.

Otherwise you probably should go ahead and sign up for US health insurance from the wasington healthcare marketplace...
Forum: USA
Mar 16th 2016, 9:06 pm
Replies: 758
Views: 225,299
Posted By jb82

re: Class 2 NI. What about us poor expats paying voluntary contributions?

Yes that seemed to be what they are leaning towards. I doubt there will be anyone with enough voice to change the Government's proposals and I imagine this was done to save the Government money...
Forum: USA
Mar 16th 2016, 8:38 pm
Replies: 758
Views: 225,299
Posted By jb82

Class 2 NI. What about us poor expats paying voluntary contributions?

Currently paying class 2 national insurance to build up a uk state pension. I'm not sure what is going to happen when class 2 is abolished. Anyone with any further information in the coming...
Forum: USA
Nov 26th 2015, 4:10 am
Replies: 1,834
Views: 535,941
Posted By jb82

Re: UK state pension and USA social security

Not Nun but...

A) Voluntary contributions mean that the the pension is not earnings related and therefore not subject to WEP.
This is taken from the very definition of a pension subject to WEP -...
Forum: USA
Aug 14th 2015, 7:26 pm
Replies: 33
Views: 3,231
Posted By jb82

Re: Sending USA educated kids to UK universities

UKCISA - England: Higher Education - Fee status in England: Higher Education (http://www.ukcisa.org.uk/International-Students/Fees--finance/Home-or-Overseas-fees/England-Higher-Education/)

The...
Forum: USA
May 30th 2015, 6:00 am
Replies: 3
Views: 690
Posted By jb82

Quick WEP Q - only applies once UK pension starts right?

Say I take US SS at 62 of $1000 and get my UK pension once I reach 70. WEP only applies to SS once I start taking the UK pension at 70 right? Seems logical. So I'd get the full $1000 from 62-70.
Forum: USA
May 26th 2015, 4:09 pm
Replies: 2
Views: 1,084
Posted By jb82

NEST pension auto enrollment US tax issues? trust? pension?

I'm US resident.
One of my side jobs is in the UK and I may be auto-enrolled into the NEST pension scheme with this (i can opt out). NEST stands for National Employment Savings Trust which is a...
Forum: USA
May 17th 2015, 1:53 am
Replies: 34
Views: 2,672
Posted By jb82

Re: Currency Exchange Recommendations

True but the mid market minus a commission seems to beat lower mid market every time I check.

Plus I used to think the delay in converting the funds was an issue but if you do uk faster payments...
Forum: USA
May 17th 2015, 1:52 am
Replies: 34
Views: 2,672
Posted By jb82

Re: Currency Exchange Recommendations

Well I don't really care - just use whichever works for you. Transferwise works well and I don't see anyone beating their rates right now. At least for the transactions I do.
Forum: USA
May 17th 2015, 1:33 am
Replies: 34
Views: 2,672
Posted By jb82

Re: Currency Exchange Recommendations

Not really most banks trade at a rate below the mid market AND have a commission on top. Transferwise trade at the mid market with a commission. They have to make money somehow.
Forum: USA
May 16th 2015, 7:04 am
Replies: 34
Views: 2,672
Posted By jb82

Re: Currency Exchange Recommendations

Cool. Did you receive it by wire or ach? It always took my xetrades a week. Maybe they are faster right now.

More importantly right now 1000gbp nets you
xe $1526.72 transferwise $1564.62...
Forum: USA
May 16th 2015, 6:54 am
Replies: 34
Views: 2,672
Posted By jb82

Re: Currency Exchange Recommendations

from the website
How much does TransferWise cost?
TransferWise always converts money at the real mid-market exchange rate, with no hidden commission on top. There's just a small, fair service fee...
Forum: USA
May 16th 2015, 4:05 am
Replies: 34
Views: 2,672
Posted By jb82

Re: Currency Exchange Recommendations

I used to use XE but realize the rates are mediocre at best. My xe trades usually took at least a week as well. I've never had any issues with them though in the 5 years I used them.

I've...
Forum: USA
May 10th 2015, 5:04 pm
Replies: 2
Views: 874
Posted By jb82

Investing in the UK - Resident in the USA

I have some money in the UK that I am not sure if I want to move to the USA right now eg low exchange rate

Does anyone do the same ie invest in the UK whilst resident in the USA and if not why...
Forum: USA
Apr 16th 2015, 8:42 pm
Replies: 1,834
Views: 535,941
Posted By jb82

Re: UK state pension and USA social security

I think GPO is supposed to be US government pensions only. From their POMS manual:
1. Government

Government means:
Federal - The United States Government, including military service (see RS...
Forum: USA
Apr 5th 2015, 7:48 pm
Replies: 1,834
Views: 535,941
Posted By jb82

Re: UK state pension and USA social security

To add to the discussion the SSA seems to treat pensions such as the one in the UK as follows for WEP purposes in their POMS manual:

"4. Unique payments
When an employer or pension-paying agency...
Forum: USA
Apr 1st 2015, 1:05 am
Replies: 81
Views: 12,796
Posted By jb82

Re: UK Budget - Class 2 NICs to be abolished

I did assume in all of your us years you made over whatever limit they had at the time for earnings. Eg for 2015 you needed to make $22k ish for that year. If you didn't for any year you'd be weped...
Forum: USA
Mar 31st 2015, 11:17 pm
Replies: 81
Views: 12,796
Posted By jb82

Re: UK Budget - Class 2 NICs to be abolished

Wep doesn't take into account voluntary contributions so any extra you pay as voluntary Ni will not affect your us social security.

As it stands you'll lose about $240pm of us social security due...
Showing results 1 to 25 of 78
 
Page 1 of 4
1
2
3
4


 
Forum Jump

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.