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Re: Transferring UK pensions to US - experiences
Originally Posted by Manc
would you like an insurance quote Fatbrit?
Sure, go ahead. I'm a tad over 40, drive a Subaru Forester 2.5X, got a clean US driving history for 5 years, and my credit history is excellent. What you got for me? |
Re: Transferring UK pensions to US - experiences
Originally Posted by fatbrit
Sure, go ahead.
I'm a tad over 40, drive a Subaru Forester 2.5X, got a clean US driving history for 5 years, and my credit history is excellent. What you got for me? |
Re: Transferring UK pensions to US - experiences
Originally Posted by Manc
Michigan insurance, about as much use as a chocolate teapot for you.
Wanna loan? |
Re: Transferring UK pensions to US - experiences
Originally Posted by fatbrit
Wanna loan?
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Re: Transferring UK pensions to US - experiences
Originally Posted by Manc
with my credit, how much you gonna lend me? $10?
Don't think I've ever done one lower than 100k! |
Re: Transferring UK pensions to US - experiences
Originally Posted by fatbrit
Lots of expats over here have UK pensions from a variety of sources. How do they transfer them to the US?
The idea of this board is to share your experience, not market your product. Many here offer advice about their area of expertise without blatantly selling their wares. You have made a contribution of two posts so far which offer no help whatsoever unless people contact you privately. Unless you produce something helpful, I shall be forced to dismiss you as a bottom feeder spammer. I would be glad of the advice you can offer, but it's up to you... FATBRIT Each and every persons requirements vary a lot, be more specific if you wish ? let me know how many pension you have and the values and your personal details and NI number OR MAYBE IT MIGHT BE BEST IF WE EXCHANGED THIS INFORMATION OFF LINE..... WHAT DO YOU THINK ??? The dates pertaining to the laws are specific to you. As a sweeping statement anyone who left the UK after the early 70s can transfer the pensions from both employers and insurance companies into a More manageable more flexible and profitable pension option. If you had a company pension left behind in the UK you are getting with out doubt a bad deal, The UK government says you must receive only RPI ( Retail price index ) or 5% what ever is the lesser. And try to be a little more polite, you are a Brit after all ??[/ Tony :beer: |
Re: Transferring UK pensions to US - experiences
Originally Posted by Tony Mullaney
OR MAYBE IT MIGHT BE BEST IF WE EXCHANGED THIS INFORMATION OFF LINE..... WHAT DO YOU THINK ???
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Re: Transferring UK pensions to US - experiences
Originally Posted by Manc
would you like an insurance quote Fatbrit?
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Re: Transferring UK pensions to US - experiences
Can I ask a question about Roth IRAs?
Unlike a traditional IRA, you pay your contributions out of taxed income, but when you retire the income is taxfree in the US. However, if you retire to the UK, what happens - will the Inland Revenue tax you? TIA if anyone can enlighten me! |
Re: Transferring UK pensions to US - experiences
Originally Posted by fatbrit
I'll post my query in a separate thread in a while for you to get your teeth into.
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Re: Transferring UK pensions to US - experiences
Originally Posted by ukemigrant
Hi everyone, I have about 4 separate pensions in the UK and was thinking of transferring them all over here to consolidate them. Has anyone done this already and if so can you tell us about it? Also if you came across any helpful websites can you post them?
If you feel the temptation to tell us to just see a financial advisor over here, I've already done that but I need to talk to someone with more experience in this area. Cheers. You might want to consolidate them in the UK (depending what type of pension they are), let them continue to grow tax free till you can or need to draw on them. Dave Holroyd. |
Re: Transferring UK pensions to US - experiences
Originally Posted by Dave Holroyd
I have a UK private pension with Scottish Equitable. I'm working with a UK pensions advisor to start drawing down (new rules from April 2006) rather than buying an annuity. You can apply to the Inland Revenue for the pension to be paid tax free, and then it's taxed as income in the US. I've explored moving the principle into a SEP-IRA (Inland Revenue are evidently willing to do this), but the IRS insisted that it'll be taxed. In my case, I decided to leave the money in the UK and draw down as needed. BTW: my UK pensions advisor is coming to Boston at the end of April to meet me (know him 20 years).
You might want to consolidate them in the UK (depending what type of pension they are), let them continue to grow tax free till you can or need to draw on them. Dave Holroyd. Feel free to contact me ** :beer: :beer: :beer: |
Re: Transferring UK pensions to US - experiences
Originally Posted by Tony Mullaney
I can help with the UK pensions as it is what I do for a living, the legislation is about to change in April .
Fell free to contact me *** :beer: :beer: :beer: Tony promises much but delivers little to this board. |
Re: Transferring UK pensions to US - experiences
Originally Posted by fatbrit
Tony promises much but delivers little to this board.
Still fat and talking crap then FATBRIT ............ As it happens I have so far assisted 6 members from this site since I joined........... They all seem very happy with the services I offer once they contacted me direct. What can i say at least not all Brits are like you ** :beer: :beer: :beer: :beer: |
Re: Transferring UK pensions to US - experiences
Originally Posted by Tony Mullaney
Still fat and talking crap then FATBRIT ............ As it happens I have so far assisted 6 members from this site since I joined...........
They all seem very happy with the services I offer once they contacted me direct. What can i say at least not all Brits are like you ** :beer: :beer: :beer: :beer: We never learn anything from you, nor is there peer review of your advice. If you want to advertise your service on the board, contact admin and I'm sure they'll be happy for the business. If you want to share your advice, please feel free to do so. If you want to spam for free, piss off! |
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