We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Aviva pension money to USA
Comments
-
You can only withdraw the cash from a pension if you're age 55 or over. You could then put that cash back into a 401k.
You can't directly transfer a UK pension to a 401K0 -
Whilst wading through other threads I seem to recall advice that said move to a stakeholder pension with Virgin Money and then the money could be taken out of the UK fund so that it can be sent the USA as cash and then added to a 401K.
Virgin stakeholders are not a good plan for anyone using them as a retirement vehicle but for doing exactly what is wanted here, i.e. transfer in then use small pots rule to take it out as a lump sum, it works very well as they are not allowed to charge entry or exit charges being a stakeholder pension.
So, it would work as long as they accept US citizens.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.8K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 37.7K Read-Only Boards