British Expats - Search Results
British Expats

Go Back  British Expats > Search Forums
Reload this Page >

Search Results

Register
FAQ
Wikiposts
Today's Posts
Search
Vendor Directory
 
Page 1 of 4
1
2
3
4
Search: Posts Made By: theOAP
Showing results 1 to 25 of 95
Search took 0.08 seconds.
Forum: USA
Jan 27th 2020, 3:40 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

I always appreciate your thoroughness in analysing a given financial topic. The above full post is an excellent synopsis of the SSA reasoning behind WEP. So, without contradicting the post you made,...
Forum: USA
Jul 4th 2019, 4:33 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

Do you have any UK pensions other than the UK State Pension? Are all contributions to the UK State Pension made by voluntary contributions (Class 2 from US), or are there a number of contributing...
Forum: USA
Mar 18th 2018, 6:04 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

That's always a possibility with SSA. ;)
Forum: USA
Mar 18th 2018, 5:36 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

That's good to know.

(I still wonder about that poor soul with 20 years at ELY and an actual 'stop work' retirement year at age 68. :-) )
Forum: USA
Mar 18th 2018, 5:16 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

Yes, that agrees with the Factsheet :
"The Windfall Elimination Provision doesn’t apply if: You have 30 or more years of substantial earnings under Social Security."
But again, the general...
Forum: USA
Mar 18th 2018, 4:18 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

Yes, that all looks familiar, but relates to the example of someone retiring at, say 66 at their FRA, not contributing further to SS after 66, then claiming benefits at 70, with the perhaps...
Forum: USA
Mar 18th 2018, 3:14 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

I've been delving into the information given on the new WEP related pages. For reference, those 3 pages are:

The ‘culprit’ page, the main WEP planner page with the Scenarios -...
Forum: USA
Mar 17th 2018, 10:59 am
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

I've always been under the impression that the ELY was a part of the calculations for WEP, but not the method used in this latest page. I thought one's year of retirement, the entitlement year...
Forum: USA
Mar 16th 2018, 11:30 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

As I read that page, I would agree with your interpretation. Everything depends on ELY.


Not sure I agree. The 'culprit' seems to be saying, IMO, ELY (eligibility year - 62 for all) governs all...
Forum: USA
Mar 16th 2018, 10:42 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

No, it's because Jane didn't have 30 years of contributions at her ELY (age 62).

I've been searching this evening for confirmation. I found this post from 2013: "As I understand it, the WEP is...
Forum: USA
Mar 16th 2018, 9:58 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

I apologise for bringing up this massive, old thread again. The subject is our old favourite, WEP.

I'm sure there are some bright sparks out there who are going to say "Yes, of course I knew that....
Forum: USA
Jan 6th 2018, 2:10 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

If you are a UKC, resident in the UK, and not a USC or US Person, and your only source of US income (or assets) is US SS paid to you by monthly payments to your UK bank account, you are not required...
Forum: USA
Jan 1st 2018, 9:05 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

That's only if you opt in to the Treaty. You could forgo the Treaty and declare the US SS on your 1040 return with its 85% maximum taxable amount. You would then be able to claim (85% of) the UK tax...
Forum: USA
Jan 1st 2018, 8:32 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

Since this is a thread on Social Security:

If you are resident in the US and receive US SS, it is only taxed at 85% maximum. I have a question: on the worksheet for line 20b (taxable amount of SS)...
Forum: USA
Feb 27th 2017, 7:04 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

I second durham_lad's message. It's appropriate for you to benefit from the contributions you made.

I'm bookmarking what's below. It's nothing to do with your particular situation or your...
Forum: USA
Feb 23rd 2017, 5:14 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

Keep working with it and make sure you have used all the relevant drop downs. All relevant drop downs must be completed accurately. Make sure each year has the correct figures (in your case that will...
Forum: USA
Feb 23rd 2017, 9:10 am
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

You cannot use that calculator, it is for those with 35 years (420 months) of substantial earnings.

You must use the "Detailed Calculator" from the SSA site. It is the only calculator which can...
Forum: USA
Feb 22nd 2017, 4:18 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

After 90 pages, all this SS/WEP confusion is becoming a bit staid, sooo, let's shake things up a bit.

There is an outside possibility that your SS benefits will not be WEPed, at all.
...
Forum: USA
Jan 28th 2016, 5:13 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

I've only come back to this, but ran out of time to edit the above. So here's the edited version.

Concerning the 2 x $600 income, the US taxes on worldwide income. If you were in the UK, paying...
Forum: USA
Jan 28th 2016, 3:02 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

I don't mean to be presumptive, but I had the feeling the info from your accountant came as a bit of a shock, and there are things you don't quite understand regarding this situation. Then us lot, a...
Forum: USA
Jan 28th 2016, 8:49 am
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

Do you meet the requirements of US Code Section 911, mainly either for physical presence abroad or for bona fide residence abroad? Is the income earned income only? Paid pension benefits are not...
Forum: USA
Jan 26th 2016, 8:54 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

Yes, yes you two. Of course, you're both correct.

The poster had made the following comment:
"I’ve read about a treaty and it says that if I don’t have topay tax on any earnings in the UKI don’t...
Forum: USA
Jan 26th 2016, 8:38 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

As I remember it:
In the more distant past, nothing was said about entering foreign pensions on any particular line. Then, when foreign became the hot word in 2011 (first year of 8938 reporting),...
Forum: USA
Jan 26th 2016, 3:38 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

Yes, that's exactly what it says in the treaty.

Unfortunately, the treaty also has what's known as a "Saving Clause". The saving clause says that 95% of the treaty doesn't apply to anyone who is a...
Forum: USA
Jan 23rd 2016, 7:06 pm
Replies: 1,834
Views: 536,385
Posted By theOAP

Re: UK state pension and USA social security

I am a USC and also a UKC. I have lived in the UK for many years. I have 18 years of US SS. I started taking US SS 8 years ago. My wife is a UKC only, and never lived or worked in the US. She is,...
Showing results 1 to 25 of 95
 
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.