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Jan 4th 2021, 9:51 pm
Replies: 8
Views: 1,871
Posted By Russet

Re: Planning Relocation

Have you considered Buckinghamshire schools? They have an 11+ Grammar school system. My kids attended Dr Challoners, Aylesbury HIgh and Chesham High - I would recommend any of these. Every child in...
Nov 14th 2020, 6:12 pm
Replies: 49
Views: 4,291
Posted By Russet

Wink Re: USA to UK transfer Social Security to NI contributions

This information was from a recent seminar I attended but on SSA.gov under Retirement Benefits - Benefits for your spouse it outlines the same.
Nov 13th 2020, 9:04 pm
Replies: 49
Views: 4,291
Posted By Russet

Re: USA to UK transfer Social Security to NI contributions

■ You are eligible for a spousal benefit
even if you never worked.
■ You must be age 62 or older and have
been married to your current spouse for
at least one year.
■ Your spouse must be...
Nov 12th 2020, 8:43 pm
Replies: 49
Views: 4,291
Posted By Russet

Re: USA to UK transfer Social Security to NI contributions

Yes she will receive spousal SS benefits. The spousal benefit does not increase past her retirement age but will be reduced if claimed earlier. The maximum benefit is 50% of your spouse’s...
Forum: USA
Oct 27th 2020, 9:43 pm
Replies: 6
Views: 1,249
Posted By Russet

Re: 401k now what?

As this process would take several years, it may be worthwhile transferring your 401k to a Traditional IRA before you return to the UK (this is a non taxable event and there would be no tax...
Oct 17th 2020, 10:32 pm
Replies: 10
Views: 1,051
Posted By Russet

Re: UK tax questions - what can I fill personal exemption with?

We are in the process of splitting our US NQ Brokerage account from a joint account into two individual accounts. There are no tax consequences as it is between spouses. Once back in the UK we can...
Sep 20th 2020, 3:16 pm
Replies: 208
Views: 23,974
Posted By Russet

Re: Who else is concerned about trip to UK for Christmas with family?

We have just returned from UK, a trip which we only undertook following the sudden death of my father in law. We would have not undertaken the trip otherwise.

We were required to quarantine for...
Aug 28th 2020, 9:49 pm
Replies: 37
Views: 3,110
Posted By Russet

Re: retirement and planning for it

These are the numbers I was expecting, well maybe $20k in joint premiums. So was shocked at the $40k. We are both fairly healthy and have been maxing out our HSA for the past couple of years to...
Aug 27th 2020, 9:07 pm
Replies: 37
Views: 3,110
Posted By Russet

Re: retirement and planning for it

We just received a calculator from our 401k provider to estimate health care costs in retirement. We too are looking to retire early but the cost of pre medicare health costs seems prohibitive. The...
Aug 24th 2020, 9:31 pm
Replies: 56
Views: 6,906
Posted By Russet

Re: Lowdown on Tax Issues

For entering the Interest, dividends and gains from the 1099s on the HMRC return do you need to exchange USD to GBP currency as at the date of each individual payment? or can they be grouped using an...
Aug 14th 2020, 11:32 pm
Replies: 4
Views: 594
Posted By Russet

Re: CGT on moving back to UK rental and then selling

Thank you for the advice. I prefer to go to an accountant/lawyer with as much of my own information/research as possible.If I can ask the right questions I hope to get the most out of their fees. ...
Aug 11th 2020, 10:20 pm
Replies: 4
Views: 594
Posted By Russet

CGT on moving back to UK rental and then selling

When we sell up in the US we plan to return to our UK home that has been rented out for 10 years. As dual citizens we need to file in both US and UK. I have reviewed the forum and the HMRC/IRS...
Aug 1st 2020, 4:59 pm
Replies: 12
Views: 1,130
Posted By Russet

Re: CGT question

We will be in a similar position when we sell up in the US and return to our UK house that has been rented out for 10 years. As dual citizens we need to file in both US and UK. It is our...
Forum: USA
Jul 27th 2020, 9:46 pm
Replies: 61
Views: 4,279
Posted By Russet

Re: WEP question for Social Security

When we retire we will both qualify for the full state pension but will probably only have around 10 years of SS contributions - I may have less than 10. I had assumed that at NRD my husband would...
Jul 20th 2020, 9:34 pm
Replies: 20
Views: 1,263
Posted By Russet

Re: Probable stupid question re remote work for a UK organization while in the U

Do you know if it is possible to continue to hold (and trade)individual stocks in a US brokerage account while resident in UK or is it only the ETFs on the HMRC list that are treated favourably?...
Jul 8th 2020, 6:00 pm
Replies: 12
Views: 1,405
Posted By Russet

Re: Weighing up moving back to the UK from the US

...ahh that is the piece I was missing - you need to leave the conversion in the roth for 5 years before you can withdraw it tax free.
Jul 7th 2020, 9:38 pm
Replies: 12
Views: 1,405
Posted By Russet

Re: Weighing up moving back to the UK from the US

You mentioned you were making annual conversions - so a partial conversion of a roth account each year? or multiple single lump sums? On this basis why would I take an IRA distribution from a...
Jul 6th 2020, 10:14 pm
Replies: 12
Views: 1,405
Posted By Russet

Re: Weighing up moving back to the UK from the US

I understand the Roth Conversions were only taxed in the US while you were in the US but once you moved back to the UK and continued to make the annual conversions, do you not need to report all your...
Forum: USA
Jun 30th 2020, 10:50 pm
Replies: 366
Views: 113,328
Posted By Russet

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

Just checked on HMRC and it has been credited already. Another year closer to the full state pension :)
Forum: USA
Jun 30th 2020, 10:27 pm
Replies: 366
Views: 113,328
Posted By Russet

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

I had the same issue with my HSBC UK payment. I decided to accept the warning and proceed, on the basis the sort code and account number are correct and I included the payment reference including my...
Forum: USA
Jun 24th 2020, 9:28 pm
Replies: 366
Views: 113,328
Posted By Russet

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

I got my letter too, confirming I could pay 159 pds for current year. I didnt realize I would get a letter after arranging to back pay 4 years last year. I was expecting I would need to call them...
Forum: USA
Jun 5th 2020, 8:21 pm
Replies: 15
Views: 1,515
Posted By Russet

Re: Death of father in CA UK/USC and dealing with will.

Once they are informed of a death, the company would write to the last known address on file. Generally following up every 6 - 8 weeks waiting for a response. The account would eventually (after...
Forum: USA
Jun 3rd 2020, 9:20 pm
Replies: 15
Views: 1,515
Posted By Russet

Re: Death of father in CA UK/USC and dealing with will.

Many IRA - Retirement accounts will have beneficiaries named directly on the plan. These accounts will be settled directly to the beneficiaries and fall outside of the Will/Probate. Contact the...
Forum: USA
May 12th 2020, 11:48 pm
Replies: 9
Views: 827
Posted By Russet

Re: Posting International Mail in a Post Box

I keep a supply of international forever stamps at home so that I don't need to go to the PO every time I have a card to post.
Mar 4th 2020, 2:02 am
Replies: 3
Views: 903
Posted By Russet

Re: Looking for advice - share of UK house purchase - 2nd home stamp duty

We did a similar thing but just as a legal charge (effectively like a mortgage). We do not have any part ownership in the house. We had to use another UK Solicitor(different to the closing...
Showing results 1 to 25 of 53
 


 
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