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Dual Citizenship (US/UK) - retirement tax questions
jmtdancer
Posts: 1 Newbie
I am currently a US citizen and am considering applying for UK citizenship (my mother was British) because I am considering on retiring in England in a few years. Would any of my US retirement income/savings (Roth IRA/Mutual Funds/pension) be taxable by the UK if I become a citizen? And would I have to start filing UK tax forms if I haven't moved over there yet?
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Comments
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UK taxation is generally driven by residency rather than citizenship, so once you move to the UK (to the extent of becoming tax-resident here) then you'll be liable to income tax on earnings (from pensions, dividends, savings income, etc) and capital gains tax on growth when disposing of investment assets held outside UK tax vehicles such as ISAs and pensions.1
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