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Search: Posts Made By: nun
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Forum: Australia
Aug 26th 2022, 2:00 pm
Replies: 2
Views: 540
Posted By nun

Re: Aussie Incoming Passenger Card and TB

So does someone with LTBI have TB? They have inactive TB bacteria in them. The question on the card really isn't specific enough. I have been treated for a latent TB infection. I will take it to mean...
Forum: Australia
Aug 25th 2022, 7:20 pm
Replies: 2
Views: 540
Posted By nun

Aussie Incoming Passenger Card and TB

The incoming passenger card asks "Do you have tuberculosis?" Should I answer yes or no if I have been treated for latent TB infection (LTBI)? My initial thought was to select "no" and write "treated...
Forum: USA
Sep 24th 2021, 11:00 pm
Replies: 24
Views: 1,521
Posted By nun

Re: Taxation of Occupational Pension

I think the distinction might be that MOD or Local Government etc employees are employed directly by a governmental organization. However, although the NHS is funded by the Department of Health it is...
Forum: USA
Sep 6th 2021, 9:49 pm
Replies: 7
Views: 801
Posted By nun

Re: Which passport to use ?

I always use the passport of the country I'm either leaving or entering. So leave US on US passport and enter the UK on UK passport. This has only ever been questioned once when I left the UK and...
Forum: USA
Sep 6th 2021, 2:26 pm
Replies: 25
Views: 2,425
Posted By nun

Re: Women and Pensions plus government gateway

Yes, the break even point is around 80 ie the average lifespan.

I've been an expat for over 30 years and I had no difficulty signing up to the UK Government gateway, but with these systems there...
Forum: USA
Sep 1st 2021, 1:51 pm
Replies: 6
Views: 922
Posted By nun

Re: Pensions and PFICs

There is a view that SIPPs and personal pensions that don't get employer contributions are not pensions under the treaty so are treated like ISAs ie the tax free wrapper is invisible to the IRS. But...
Forum: USA
Sep 1st 2021, 1:47 pm
Replies: 34
Views: 3,242
Posted By nun

Re: Moving from UK to Atlanta

A long wait for a visa is probably disappointing, but you can use the time to plan you move and avoid the mistakes many people make.

1) You should look into health insurance. Moving to GA I don't...
Forum: USA
Sep 1st 2021, 1:04 am
Replies: 6
Views: 922
Posted By nun

Re: Pensions and PFICs

Money inside recognized UK pension wrappers is protected from US tax until withdrawals are made and they are taxed as income by the IRS and/or the UK according to domestic laws and the DT Treaty....
Forum: USA
Aug 31st 2021, 6:49 pm
Replies: 34
Views: 3,242
Posted By nun

Re: Moving from UK to Atlanta

Hi there. Just for clarity is there any chance that you are already a US citizen because of your parents US citizenship?
Forum: USA
Aug 29th 2021, 10:59 pm
Replies: 7
Views: 1,182
Posted By nun

Re: Uk House dilemma - sell and buy a smaller buy to let?

Any income or gain from assets you have outside of UK pension wrappers is going to be taxable by the IRS when you become a US resident. So you are doing the right thing selling your home before...
Forum: USA
Aug 28th 2021, 3:12 pm
Replies: 22
Views: 1,677
Posted By nun

Re: Do some US tech companies provide health insurance for the whole family.

Will your daughter be working for an Australian branch of the US tech company? If not then questions about employment law and taxes will arise.
It sounds like there might have been two mistakes...
Forum: USA
Aug 27th 2021, 3:06 pm
Replies: 22
Views: 1,677
Posted By nun

Re: Do some US tech companies provide health insurance for the whole family.

I would be amazed at any company health insurance package covering the parents of the primary insured person. Family plans usually mean a couple or single parent and their children. US health...
Forum: USA
Aug 26th 2021, 3:29 pm
Replies: 47
Views: 12,642
Posted By nun

Re: UK Final salary pension transfer

If a SIPP qualifies as a pension fund under the DT Treaty then there are no PFIC issues as the tax wrapper protects the funds inside from US taxation until income is taken and then only income tax is...
Forum: USA
Aug 25th 2021, 10:34 pm
Replies: 23
Views: 2,270
Posted By nun

Re: UK Based Pension

I just want to clarify that a UK employee pension funded with income that was not subject to FICA tax cannot be reduced in anyway by the IRS. It will be used to calculate the level of WEP reduction...
Forum: USA
Aug 25th 2021, 6:15 pm
Replies: 23
Views: 2,270
Posted By nun

Re: UK Based Pension

For StatePension/SS the top up payments are only used so that you can qualify for a benefit, not in it's calculation. As you have more than 10 years of SS payments it's of no use to you. FYI there...
Forum: USA
Aug 25th 2021, 4:00 pm
Replies: 23
Views: 2,270
Posted By nun

Re: UK Based Pension

As you are a US resident you will be taxed just like a US citizen. Be careful reading HMRC advice as they are not the IRS.

If a US citizen or US resident receives a lump sum distribution from a UK...
Forum: USA
Aug 25th 2021, 1:39 pm
Replies: 23
Views: 2,270
Posted By nun

Re: UK Based Pension

Yes that letter points out the US tax problem with cross border transfers. It is non comital on the actual status of a SIPP as far as the IRS is concerned.
Forum: USA
Aug 25th 2021, 12:34 am
Replies: 23
Views: 2,270
Posted By nun

Re: UK Based Pension

Yes, sorry I was thinking of QROPS, if the transfer takes place between two pension funds within the same country there should be no taxable event. However, if the transfer is across a border then it...
Forum: USA
Aug 24th 2021, 9:43 pm
Replies: 23
Views: 2,270
Posted By nun

Re: UK Based Pension

I'd be careful doing a cross border transfer of the SIPP to make sure that it has no US tax implications n.b. it almost certainly does. You will need to take experienced and impartial international...
Forum: USA
Aug 24th 2021, 6:33 pm
Replies: 23
Views: 2,270
Posted By nun

Re: UK Based Pension

Trouble maker ;-)
Forum: USA
Aug 24th 2021, 5:27 pm
Replies: 23
Views: 2,270
Posted By nun

Re: UK Based Pension

Tax residency is going to be the issue, not where you spend the money. Presumably you will arrange things so your Green Card is not in danger and so will limit your time in the UK. As a Green Card...
Forum: USA
Aug 24th 2021, 12:00 pm
Replies: 22
Views: 2,289
Posted By nun

Re: 25% UK pension tax free element

That will be interesting.
Forum: USA
Aug 20th 2021, 12:56 pm
Replies: 10
Views: 1,182
Posted By nun

Re: Private Pension

The OP's plan will result in tax being due in both the US and the UK because it is a lump sum payment ie a single payment of the entire balance and is covered by Article 17.2 This gives the UK the...
Forum: USA
Aug 19th 2021, 4:30 pm
Replies: 22
Views: 2,289
Posted By nun

Re: 25% UK pension tax free element

The strategy to avoid having the 25% UK tax free amount taxed in the US is to make sure it is shown as income from a pension and not a lump sum distribution. By doing that it falls under Article 17.1...
Forum: USA
Aug 18th 2021, 3:27 pm
Replies: 22
Views: 2,289
Posted By nun

Re: 25% UK pension tax free element

If you are a US tax resident any UK pension payments are going to have to be declared to the IRS...so if you take the single 25% payment many people feel that you will have to pay US tax on all of...
Showing results 1 to 25 of 1000
 


 
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