PENSION PLANS?
#1
Forum Regular
Thread Starter
Joined: Aug 2009
Posts: 34
PENSION PLANS?
I intend to move to the US and retire WHEN old enough.
I have a Norwich Union/Aviva personal pension from work.
What would be the best thing to do with it?
Keep it in the UK and keep a UK bank account open so i can still pay into it,
or move it to a US pension plan?
If i move it over any suggestions on a good pension plan?
Not sure if it matters but i will be living in Pennsylvania.
Thanks.
I have a Norwich Union/Aviva personal pension from work.
What would be the best thing to do with it?
Keep it in the UK and keep a UK bank account open so i can still pay into it,
or move it to a US pension plan?
If i move it over any suggestions on a good pension plan?
Not sure if it matters but i will be living in Pennsylvania.
Thanks.
#2
Lost in BE Cyberspace
Joined: Feb 2009
Location: North Charleston,SC. born in Stockport,UK.
Posts: 10,109
Re: PENSION PLANS?
You will probably find a few older threads on here about UK pensions, if you search for them (there is a search engine in the forum tab)
Is there a Visa that you are eligable for? Have you thought about health insurance over here? There are probably a few things that you would need to clarify on your legal right to move to the US, before members will take the time to answer your questions about your pension
Is there a Visa that you are eligable for? Have you thought about health insurance over here? There are probably a few things that you would need to clarify on your legal right to move to the US, before members will take the time to answer your questions about your pension
#3
Forum Regular
Thread Starter
Joined: Aug 2009
Posts: 34
Re: PENSION PLANS?
Yes sorry should have said.
Yes i have a permanent residence visa, my wife has health ins to cover us both and if i get the job i am looking at they provide health ins also, not sure how good the coverage is though
Yes i have a permanent residence visa, my wife has health ins to cover us both and if i get the job i am looking at they provide health ins also, not sure how good the coverage is though
#4
Re: PENSION PLANS?
Depends on the pension...probably best to keep it in the UK and get a 401K when you work in the US.
#5
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Joined: Jul 2003
Location: New York City
Posts: 611
Re: PENSION PLANS?
I intend to move to the US and retire WHEN old enough.
I have a Norwich Union/Aviva personal pension from work.
What would be the best thing to do with it?
Keep it in the UK and keep a UK bank account open so i can still pay into it,
or move it to a US pension plan?
If i move it over any suggestions on a good pension plan?
Not sure if it matters but i will be living in Pennsylvania.
Thanks.
I have a Norwich Union/Aviva personal pension from work.
What would be the best thing to do with it?
Keep it in the UK and keep a UK bank account open so i can still pay into it,
or move it to a US pension plan?
If i move it over any suggestions on a good pension plan?
Not sure if it matters but i will be living in Pennsylvania.
Thanks.
Do a Google search for "Qualified Retirement Overseas Pension Scheme"
#6
Forum Regular
Joined: Jan 2010
Posts: 37
Re: PENSION PLANS?
I intend to move to the US and retire WHEN old enough.
I have a Norwich Union/Aviva personal pension from work.
What would be the best thing to do with it?
Keep it in the UK and keep a UK bank account open so i can still pay into it,
or move it to a US pension plan?
If i move it over any suggestions on a good pension plan?
Not sure if it matters but i will be living in Pennsylvania.
Thanks.
I have a Norwich Union/Aviva personal pension from work.
What would be the best thing to do with it?
Keep it in the UK and keep a UK bank account open so i can still pay into it,
or move it to a US pension plan?
If i move it over any suggestions on a good pension plan?
Not sure if it matters but i will be living in Pennsylvania.
Thanks.
#7
Forum Regular
Joined: Nov 2007
Location: South Staffs UK & Gulf Coast Florida
Posts: 137
Re: PENSION PLANS?
I intend to move to the US and retire WHEN old enough.
I have a Norwich Union/Aviva personal pension from work.
Keep it in the UK and keep a UK bank account open so i can still pay into it,
or move it to a US pension plan?
If i move it over any suggestions on a good pension plan?
Thanks.
I have a Norwich Union/Aviva personal pension from work.
Keep it in the UK and keep a UK bank account open so i can still pay into it,
or move it to a US pension plan?
If i move it over any suggestions on a good pension plan?
Thanks.
Whether you do or don't, keep your eye on the plan's investments...don't let it rot.
2. You cannot transfer a UK plan to a US plan. The IRS do not recognise transfers from UK tax relieved funds.
3. Consider starting a US plan depending on your circumstances when you are here.