Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

UK Based Pension

UK Based Pension

Old Jan 4th 2018, 4:17 am
  #1  
Just Joined
Thread Starter
 
Joined: Jun 2014
Posts: 24
DrDogbert is an unknown quantity at this point
Default UK Based Pension

Ok so I have been going slightly crazy here trying to figure this out. So I have a pension in the UK and it has not done anything since 2014. I also have funds over in the US with a local broker who I have worked with via my employer.

What I want to do is to merge the two into a single retirement fund based in the USA so that I don't have to fill out the FBAR form, however when contacting the fund I need to have a QROPS or Qualifying Recognised Overseas Pension Scheme in order to move the funds over.

Does anyone know of someone in the USA that I can contact so that I can move the funds into one of these schemes (and on the whole make my tax filing easier?). If it helps I'm in Washington state (Spokane)

Thanks
DrDogbert is offline  
Old Jan 4th 2018, 9:02 am
  #2  
BE Enthusiast
 
Joined: Nov 2012
Posts: 823
Cook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond repute
Default Re: UK Based Pension

It is impossible under US domestic law to move money into a US qualified plan from a non-US qualified plan. The UK plan has always been FBAR & 8938 reportable.
Cook_County is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.