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Forum: USA
Yesterday, 7:28 am
Replies: 43
Views: 787
Posted By durham_lad

Re: I moved last month and I have still so many questions

This is what I do. I’m retired on UK and US pensions. I use the IRS published average to convert to $s when doing my IRS taxes since the payments are regular monthly payments.
Apr 11th 2021, 7:45 am
Replies: 20
Views: 734
Posted By durham_lad

Re: State pension index linking for returned brits?

I couldn’t find any official policy either, but I think that once you start receiving the new updated pension that if you leave again then it will be frozen at the current rate. If I was in that...
Forum: USA
Apr 9th 2021, 2:06 pm
Replies: 21
Views: 1,099
Posted By durham_lad

Re: filing UK pension in US

I agree.

Even if you do look at the treaty then under section 17 (Pensions and social security ....) it specifically states that if you are receiving SS or the UK OAP then the country you are...
Apr 8th 2021, 7:49 am
Replies: 20
Views: 734
Posted By durham_lad

Re: State pension index linking for returned brits?

Yes, and I speak from personal experience having spent 29 years in the USA, and started receiving my OAP this year. While I did pay voluntary NI I ended up with 31 years so not quite a full pension.
Apr 7th 2021, 3:10 pm
Replies: 20
Views: 734
Posted By durham_lad

Re: State pension index linking for returned brits?

I think that whenever you come back the pension will reset to the current amount for the number of years contributions you have made then continue to be index linked. For example if you start...
Apr 5th 2021, 8:53 pm
Replies: 29
Views: 1,544
Posted By durham_lad

Re: Moving back to the UK after 25 years in US

Exactly. For me they didn’t ask for proof of sale just accepted my explanation but it will be good to be prepared.
Forum: USA
Apr 5th 2021, 8:00 am
Replies: 18
Views: 1,154
Posted By durham_lad

Re: Intercompany transfer to Houston

He will also have to look at his health insurance costs, it’s unlikely the company’s health insurance is going to be free. Also schooling, when we relocated to Houston from the UK the youngest of...
Forum: Portugal
Apr 4th 2021, 3:34 pm
Replies: 12
Views: 823
Posted By durham_lad

Re: Moving over to Portugal

The Portugal forum is quite active, you may want to post this question there to get more views.

https://britishexpats.com/forum/portugal-89/
Apr 4th 2021, 7:38 am
Replies: 29
Views: 1,544
Posted By durham_lad

Re: Moving back to the UK after 25 years in US

There are no cash limits to what you can bring over. We use Wise normally but for the big one-off transfer of house money we used our bank and asked for the “dealing desk” rate.
...
Apr 3rd 2021, 9:17 pm
Replies: 29
Views: 1,544
Posted By durham_lad

Re: Moving back to the UK after 25 years in US

I do use a correspondence US address for the Brokerage holding our IRAs but I’m not sure it is necessary, although I believe not having a US bank would be a problem. For my 2 US private pensions they...
Apr 3rd 2021, 2:42 pm
Replies: 14
Views: 599
Posted By durham_lad

Re: Sale house

That’s why it is important to keep track of all expenditures because capital improvements such as a new kitchen can be added to the value of the house to reduce capital gains. e.g. bought for $100k,...
Forum: USA
Apr 2nd 2021, 6:08 pm
Replies: 1
Views: 435
Posted By durham_lad

Re: UK tax liability- Green Card Holder

Try testing your future plans against the UK statutory residence and avoid becoming a UK tax resident.
...
Apr 1st 2021, 8:48 pm
Replies: 29
Views: 1,544
Posted By durham_lad

Re: Moving back to the UK after 25 years in US

Glad you found it informative.
Apr 1st 2021, 12:57 pm
Replies: 2
Views: 313
Posted By durham_lad

Re: frozen Cdn Pension upgrade in UK

I had heard that it would be frozen at the new amount when you return to Canada but I can't confirm that via an information source so I would definitely call the pension centre as suggested.

This...
Mar 31st 2021, 5:43 pm
Replies: 9
Views: 667
Posted By durham_lad

Re: Moved to Wales

That would my understanding as well, unless there is a tax treaty between Canada and the UK that says otherwise. In the UK self assessment forms there is a section on reporting foreign pensions so it...
Mar 31st 2021, 9:31 am
Replies: 1
Views: 385
Posted By durham_lad

Re: From Nova Scotia back to the UK

We moved back to Yorkshire 5 years ago after 29 years in the USA so I know how you feel. I hope you move is as successful as ours was.
Mar 30th 2021, 8:49 pm
Replies: 29
Views: 1,544
Posted By durham_lad

Re: Moving back to the UK after 25 years in US

Just forums like this over the years plus webinars and such.

There is a webinar on April 1st for example on taxes.
...
Mar 30th 2021, 7:36 pm
Replies: 29
Views: 1,544
Posted By durham_lad

Re: Moving back to the UK after 25 years in US

We have a US bank into which my US private pensions are paid and which is linked to our brokerage for transfer of funds to and from.

We use TransferWise to move money over. We plan on having SS...
Mar 30th 2021, 6:24 pm
Replies: 29
Views: 1,544
Posted By durham_lad

Re: Moving back to the UK after 25 years in US

My wife and I moved back to England after 29 years away and we continue to manage our US pensions, private and SS, and IRAs from England.
Mar 29th 2021, 10:44 am
Mar 27th 2021, 2:10 pm
Replies: 17
Views: 1,987
Posted By durham_lad

Re: British citizens moving back to UK from Canada to retire

You can estimate your taxes with this calculator

https://www.moneysavingexpert.com/tax-calculator/

I don’t know how healthcare works in Canada but remember that you will not be paying anything...
Forum: USA
Mar 26th 2021, 4:19 pm
Replies: 33
Views: 1,422
Posted By durham_lad

Re: Health insurance for long stay usa

Same situation for us since 2016. One of my sources of income is a SERP pension from the USA company I retired from, and the IRS changed the law recently so starting 2020 I have been paying FICA and...
Forum: USA
Mar 26th 2021, 2:47 pm
Replies: 33
Views: 1,422
Posted By durham_lad

Re: Health insurance for long stay usa

I am a USC living in the UK and all USCs are considered tax resident in the USA whether or not they live there so yes I do meet the US tax obligations and rely heavily on the DTA between the US and...
Forum: USA
Mar 26th 2021, 9:35 am
Replies: 33
Views: 1,422
Posted By durham_lad

Re: Health insurance for long stay usa

From the above link,



There is a DTA between the USA and the UK so if you are resident in both countries, or a US citizen living in the UK, the DTA determines which country has primary taxing...
Showing results 1 to 25 of 1000
 


 
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