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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
UK Expat in the USA
GulliverTravelled
Posts: 6 Forumite
I an expat in the USA and coming up on my 55th birthday in April, I would like to buy a home and aim to take 25% of my UK based personal pension plan held by Zurich. I guess my question is how easily can i transfer this 25% funds from my UK pension to my US bank? US tax implications? Or does the UK US Pension agreement see me good?
Thanks for any help in advance!
Thanks for any help in advance!
0
Comments
-
Should be easy enough to transfer unless the terms of your pension stipulate it must be paid to a UK account - check with the provider.
This looks as good a guide as any to tax: https://www.shipit.co.uk/blog/guides/usa/pensions-in-the-us.htmGoogling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
@bostonerimus should be able to help. He is very knowledgeable on US ex-pat matters but I note that he hasn't been on the board since November. Hope he is OK and stops by soon.2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards