Are UK pensions taxable in the USA
#1
Forum Regular
Thread Starter
Joined: Jul 2004
Location: England
Posts: 92
Are UK pensions taxable in the USA
We will be able to draw our UK pensions in a few years. We will change up money as we need it depending on the exchange rate. We no longer file taxes in the UK but in the USA now. Does anyone know if these pensions are taxable by the USA. Will we have to declare it as foreign income in the USA? Thanks in advance for any replies
#2
Re: Are UK pensions taxable in the USA
I believe if you had to have paid taxes on them in the UK and don't then you have to declare them in the US and pay taxes on them here.
My Canadian husband has chosen to pay taxes on his retirement benefits in Canada and only declares them and writes them off on his US returns.
My Canadian husband has chosen to pay taxes on his retirement benefits in Canada and only declares them and writes them off on his US returns.
#3
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Joined: Jul 2003
Location: New York City
Posts: 611
Re: Are UK pensions taxable in the USA
We will be able to draw our UK pensions in a few years. We will change up money as we need it depending on the exchange rate. We no longer file taxes in the UK but in the USA now. Does anyone know if these pensions are taxable by the USA. Will we have to declare it as foreign income in the USA? Thanks in advance for any replies
(There are some complex exceptions if a UK government pension is involved)
#4
Just Joined
Joined: Feb 2010
Posts: 12
Re: Are UK pensions taxable in the USA
We will be able to draw our UK pensions in a few years. We will change up money as we need it depending on the exchange rate. We no longer file taxes in the UK but in the USA now. Does anyone know if these pensions are taxable by the USA. Will we have to declare it as foreign income in the USA? Thanks in advance for any replies
Pensions and annuities. For purposes of the foreign earned income exclusion, the foreign housing exclusion, and the foreign housing deduction, amounts received as pensions or annuities are unearned income.
Last edited by meauxna; Feb 1st 2010 at 7:27 am.
#5
Forum Regular
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Joined: Jul 2004
Location: England
Posts: 92
Re: Are UK pensions taxable in the USA
Thanks for all your replies. This site has helped us so much during the whole process of emigrating. Without you guys we might have had to hire an attorney. I have recommended this site to everyone I have known that are trying to sort out this sort of thing. Thanks to you all!!!