Peter Maude 1970

Hi

We may be moving and wondered if anyone can help with the following:

1. Is the rental income on your uk property taxed in the USA or uk or both?

2. Can you bring a lump sum in to open a savings account, without that money being taxed when it's brought in?

3. The employer pays some pension, what does the employee have to pay? If you are going for two years do you have to put into a pension?

4. We have a budget of around $4000 for house rental, can you recommend areas and ones to avoid? Work is in Central San Fran but I don't mind a one hour commute. Preferably by cycle, what are the cycle routes like?

Thank you for any info you have

Pete

Beaverstate

#4 will need to cover first, last and deposit, about $10,000.
1 thru 3 don't know.

Pulaski

1. It'll go on both tax returns. The UK gets the first bite of the cherry, but then you get a tax credit for the tax paid in the UK

2. Movement of money is not taxed. Full stop. If you send $10,000 by xe.com or similar on-line remitter (no not use a bank unless you prefer a cräp FX rate and paying wire fees) $10,000 will be credited to your account.

3. Depends on the employer and employment terms, but generally if there is a 401k "pension" account participation is voluntary, but get the employer's contribution you need to put in the same amount. E.g. the employer offers to pay 4% into the 401k, but it is on a "match" basis. If you don't participate then the employer puts in nothing. If you put in 2%, the employer puts in 2%, if you put in 5% (or more, subject to the regulatory cap), the employer puts in 4%.

If you've been offered a true "pension" by your employer consider yourself dämn lucky, because they're not common these days.

Peter Maude 1970

Thank you of your quick reply, very useful

Regards

Pete

Sally Redux

If you are being transferred for just two years, are you going to maintain your UK pension?

There have been a number of threads about that area if you try the search function in the bar above.

Eddit: Not that easy to find, found one:

http://britishexpats.com/forum/usa-5...egging-835043/

md95065

Have you ever been to San Francisco?

While there are lots of cyclists in San Francisco, the city is not particularly cycle friendly. For starters it is entirely built on steep (sometimes very steep) hills so you need to plan your route carefully to make it even possible. While there are some cycle lanes there aren't that many of them and the roads are, in general, in very poor condition with all of the usual hazards - pot holes, parked cars, street car tracks, and careless and/or aggressive motorists.

That being said, here are some San Francisco cycling resources.

https://www.sfbike.org/resources/maps-routes/
San Francisco Critical Mass

Where exactly will you be working? While San Francisco doesn't have a great public transit system it does at least have one. The downtown area is pretty well served so you may want to look for accommodation close to one of the BART lines:

https://www.bart.gov/stations

Cycling from home to a BART station and taking BART to work may be an option.

Peter Maude 1970

Hi thank you, 3rd street. Is it poss to cycle all the way across the bridge from Oakland? Doesn't look like it so far. BART looks a good option,thanks for that.

md95065

You can't ride a bicycle across the Bay Bridge but there is a "bike shuttle" and you can take bicycles on BART - Bikes on BART | bart.gov

3rd street is several miles long and runs all the way from Market Street in downtown San Francisco to Bayview-Hunters Point - I assume that you are going to be at the downtown end - probably within walking distance of the Montgomery Street BART station.

Pulaski

You're going to need to learn the US lingo for giving directions in a city laid out in a grid (i.e. all of them ). When someone asks where your office is, the answer is "Third & _____", where "_____" is the nearest street crossing Third St.

md95065

Unless you are in Utah, in which case it will be something like "2340 East, 7500 South" ...

Peter Maude 1970

Thank you everyone, much appreciated. Yes it's in downtown near china basin I think.

Giantaxe

Especially as 3rd St and 16th St cross at right angles...

agnosticaphid

I tried to post earlier but my browser ate my message, it seems.

You can't bike across the bay bridge. The bike bridge they're building will only get you halfway across. You can bike across the golden gate bridge, but marin county is sparsely populated and crazy expensive so I doubt you could find somewhere both cheap and nearby enough to bike all the way to china basin.

Your best bet is probably either somewhere partway down the peninsula, like daly city or south san francisco or brisbane or something. That'd probably take you about an hour to bike. You could also check out "inconvenient" parts of the city like the outer sunset or outer mission, where I bet you might be able to rent a house for $4000. Be forewarned that the rental market in the city is totally krazy. You will probably need to come up with a way to convince the landlord to overlook (what I'm guessing is) your lack of a credit history.

Best of luck.

Pulaski

? And? ..... There's a city over here where Queens Dr has a loop in it, so some addresses can be abbreviated to "Queens and Queens".

N1cky

This reply is a little like going to a shoe shop and asking for a pair in size 7, and being told they have them in a size 12, do you want those?