British Expats

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-   -   Monetary advantages of citizenship (https://britishexpats.com/forum/usa-57/monetary-advantages-citizenship-602369/)

paddingtongreen Apr 8th 2009 2:56 pm

Re: Monetary advantages of citizenship
 

Originally Posted by Bob (Post 7464700)
anip
PR can only claim SS pension whilst a LPR, lossing status should kill the pension, but they can then claim those contributions in the UK to get a UK pension, not so good if you qualify for both. Though that might have changed recently, you certainly can't claim a spouses aboard if widowed though unless your a USC.

Not true. The two governments have agreements to cover this. If you have forty quarters in you can have a US pension payed abroad, if not, the British add the quarters in calculating eligibility for the British pension. We had a thread on this recently with some good links.

Bob Apr 8th 2009 3:33 pm

Re: Monetary advantages of citizenship
 

Originally Posted by paddingtongreen (Post 7464875)
Not true. The two governments have agreements to cover this. If you have forty quarters in you can have a US pension payed abroad, if not, the British add the quarters in calculating eligibility for the British pension. We had a thread on this recently with some good links.

aye, but I thought the SS wouldn't pay out aboard for not citizens, certainly if widowed.

Manc Apr 8th 2009 4:14 pm

Re: Monetary advantages of citizenship
 
if you're USC spouse dies before you become a USC, then aren't the estate taxes crippling?

as the USCIS presumes you'll sell up and bugger off to the home country with a fistfull of dollars they'd rather keep here in the USA?

valspal Apr 10th 2009 8:21 pm

Re: Monetary advantages of citizenship
 

Originally Posted by Bob (Post 7464947)
aye, but I thought the SS wouldn't pay out aboard for not citizens, certainly if widowed.

They pay pension for both Citizens and non citizens. Tax rate its either none or lower for citizens, but you will still get a pension. Agreements between the countries guarantee a pension.

Bob Apr 11th 2009 4:04 pm

Re: Monetary advantages of citizenship
 

Originally Posted by valspal (Post 7470819)
They pay pension for both Citizens and non citizens. Tax rate its either none or lower for citizens, but you will still get a pension. Agreements between the countries guarantee a pension.

Even if you were getting it as a widower? that's handy.

valspal Apr 11th 2009 9:46 pm

Re: Monetary advantages of citizenship
 

Originally Posted by Bob (Post 7472497)
Even if you were getting it as a widower? that's handy.

Yes look up survivor benefits on ssa.gov.

candy wy. Apr 13th 2009 7:55 am

Re: Monetary advantages of citizenship
 

Originally Posted by Manc (Post 7465007)
if you're USC spouse dies before you become a USC, then aren't the estate taxes crippling?

as the USCIS presumes you'll sell up and bugger off to the home country with a fistfull of dollars they'd rather keep here in the USA?


no

farmerwife Apr 13th 2009 11:15 am

Re: Monetary advantages of citizenship
 

Originally Posted by Manc (Post 7465007)
if you're USC spouse dies before you become a USC, then aren't the estate taxes crippling?

as the USCIS presumes you'll sell up and bugger off to the home country with a fistfull of dollars they'd rather keep here in the USA?

Could be! Depends how much $$$ you have.:)
A QDOT trust could be set up to avoid - but that's paperwork...

This is an older article but explains the thinking.... (dollar amounts have changed) -
http://www.hg.org/articles/article_1031.html


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