401k IRA Archives

Distributions from ROTH IRA for UK tax efficiency from US Pension

401k IRA, Expat financial advice, us uk financial advisor / By Lawrie Chandler

A Roth IRA functions as a retirement account which provides significant tax advantages. It has no UK equivalent but its advantages make it worth considering for retirement and retirement planning. Contributions to the account come from after-tax dollars, but invested funds grow without taxation, and qualified withdrawals are tax-free both in the USA and the UK. The […]

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US Pension (401k+IRA) Regular Distribution tax and withdrawals

401k IRA, Expat financial advice, us uk financial advisor / By Lawrie Chandler

US 401K Withdrawals and Tax Treatment Withdrawals from 401(k)s or |IRAS are taxed the same way for residents and non-residents. The US-UK tax treaty is designed to prevent you from being taxed twice on your pension income. You claim Foreign Tax Credits with the tax authority to prevent being taxed twice. US tax rates on

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Efficient US Pension (401k+IRA) Lump Sum distribution withdrawal in UK

401k IRA / By Lawrie Chandler

The management of US pensions from the UK seems complex, but it can be made more straightforward with proper information. 401(k) and IRA withdrawals are complex areas where domestic legislation in the US and UK and double taxation agreements cause confusion. The internet is full of lots of differing opinions and advice; trust professional advice,

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