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Search: Posts Made By: nun
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Forum: USA
Sep 9th 2011, 2:09 pm
Replies: 15
Views: 2,966
Posted By nun

Re: Pre-move financials - UK pension funds

That's a good deal and must be a big relief. I'd love to know what the experts say. Please post their conclusions.
Forum: USA
Sep 9th 2011, 12:41 pm
Replies: 15
Views: 2,966
Posted By nun

Re: Pre-move financials - UK pension funds

The issue is that the status of personal pensions is up for debate. If it's a foreign trust you have to deal with PFIC, trust forms etc, tax on gains each year. So if you move the money into a cash...
Forum: USA
Sep 8th 2011, 10:42 pm
Replies: 15
Views: 2,966
Posted By nun

Re: Pre-move financials - UK pension funds

The US is good for investors as capital gains tax is pretty low and there are lots of low cost brokerage and mutual fund companies. You'll probably end up with a defined contribution retirement plan...
Forum: USA
Sep 8th 2011, 8:38 pm
Replies: 15
Views: 2,966
Posted By nun

Re: Pre-move financials - UK pension funds

Make sure you cash out the Swiss pension before you become a US resident.
If you meet the income requirements you can put up to $5k of after tax money into a US ROTH account in which the growth and...
Forum: USA
Sep 8th 2011, 6:56 pm
Replies: 15
Views: 2,966
Posted By nun

Re: Pre-move financials - UK pension funds

So are you going to cash out.....doing that I assume you'll loose a lot of tax free growth but avoid having to worry about how the US deals with Swiss pensions.

I think you are set wrt the company...
Forum: USA
Sep 8th 2011, 5:37 pm
Replies: 15
Views: 2,966
Posted By nun

Re: Pre-move financials - UK pension funds

I think you need to employ a dual qualified tax person as you are in a situation that is complex and even the IRS doesn't exactly know how to handle.

On the bright side the company pension is...
Forum: USA
Sep 8th 2011, 1:59 pm
Replies: 15
Views: 2,966
Posted By nun

Re: Pre-move financials - UK pension funds

This might help a bit.

http://www.expattaxandlaw.com/Foreign_Pensions_FAQ.html

I believe that withdrawals from your company or personal pension plans will be only taxable in the US. However,...
Showing results 1 to 7 of 7


 
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