FATCA (FBAR, 8938) and Pensions
Apr 7th 2015, 7:26 pm
#1
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Thread Starter
Joined: Oct 2014
Posts: 34
FATCA (FBAR, 8938) and Pensions
Hey all,
I am currently not at retirement age. Does the UK state pension need to be reported on an FBAR or Form 8938?
Thanks!
(EDIT - I should mention, I don't currently file either forms as I am not even close to the threshold needed to file with my UK accounts)
I am currently not at retirement age. Does the UK state pension need to be reported on an FBAR or Form 8938?
Thanks!
(EDIT - I should mention, I don't currently file either forms as I am not even close to the threshold needed to file with my UK accounts)
Apr 7th 2015, 8:50 pm
#3
Forum Regular
Thread Starter
Joined: Oct 2014
Posts: 34
Re: FATCA (FBAR, 8938) and Pensions
Good to know - thanks for the answer.
I second guessed it because I assumed "contribution-based" pensions would be eligible, and technically you contribute to NI. I'm probably overthinking it!
On this page I guess it also answers my question, just as you did! - Comparison of Form 8938 and FBAR Requirements
Types of Foreign Assets and Whether They are Reportable
‘Social Security’- type program benefits provided by a foreign government
FBAR - No
Form 8938 - No
I second guessed it because I assumed "contribution-based" pensions would be eligible, and technically you contribute to NI. I'm probably overthinking it!
On this page I guess it also answers my question, just as you did! - Comparison of Form 8938 and FBAR Requirements
Types of Foreign Assets and Whether They are Reportable
‘Social Security’- type program benefits provided by a foreign government
FBAR - No
Form 8938 - No
