ISA Season. Open Shares ISA Online. Accepts US UK Citizens. More details.
US/UK financial advisors specialize in guiding individuals with financial assets and goals in both the United States and the United Kingdom. These advisors understand the unique challenges faced by expats, including:
-Tax implications: Complying with tax regulations in both countries can be complex. US/UK financial advisors can help you navigate tax filing requirements and minimize tax burdens.
-Investment opportunities: They can recommend investment strategies that take advantage of opportunities in both markets while considering potential currency fluctuations.
-Retirement planning: Building a retirement plan that spans the Atlantic requires careful consideration of social security benefits, pension plans, and investment strategies.
Benefits of working with a US/UK financial advisor:
-Personalised financial planning: They tailor financial plans to your specific circumstances, goals, and risk tolerance.
-Expert guidance on cross-border financial issues: Get informed advice on navigating complex tax regulations, investment options, and retirement planning strategies.
-Peace of mind: Knowing your finances are in the hands of a qualified professional who understands the intricacies of US/UK financial planning allows you to focus on other aspects of your life.
If you are a US citizen living in the UK or vice versa, a US/UK financial advisor can be a valuable asset in helping you achieve your financial goals.
For US citizens residing in or dual nationals living in the UK, maintaining tax compliance with IRS requirements can be confusing. IRS law states that US citizens (even if they live abroad) must report their worldwide income and disclose certain financial assets. This checklist has been compiled to guide you through finding the IRS tax […]
IRS Tax Filing Guide for U.S. Citizens in the UK Read More »
A 401(k) plan is an employer-sponsored, defined-contribution personal pension (savings) account. In the UK, most people are on “defined contribution” pensions, which are similar to the 401 (k) in the USA. A Roth IRA is an individual retirement account (IRA) in which you pay taxes on money going into the account, and then all future withdrawals of earnings are
US Pension (401k) when living in the UK Read More »
Contributing shares purchased in your employer to an ISA to save tax and use up ISA allowance With many employers now offering generous employee benefits packages, providing their employees with better ways to grow their long-term wealth might sound like a good idea. UK employee share-ownership schemes, such as a Share Save Scheme (also known
Share Save Schemes (SAYE/SIP) transfer to Stocks and Shares ISA Read More »
Labour’s first budget warns of pain ahead, so here is an outline of the current inheritance tax and capital gains tax regimes that are under the spotlight With the Labour government’s first budget looming after we return from summer holiday’s there is much speculation (and dread) about the government’s long-promised tax reforms. Speaches of pain
What could some of the budget changes be in Oct 2024? Read More »
Inheritance from the USA is never a straightforward process. If you’re a UK resident and you inherit a US Individual Retirement Account (IRA), there can be US and UK tax obligations. Claiming the assets can also be fraught with difficulties and complications, including UK Medallion Guarantee Stamps, notarization and certified documents. Additional special tax forms
US Inheritance needing Medallion Stamps in UK: a guide to certification Read More »
Navigating retirement savings can be complex, especially for individuals who have worked or lived in both the UK and the US. This article will compare Self-Invested Personal Pensions (SIPPs), Individual Retirement Accounts (IRAs), and 401(k) plans, focusing on age-related and inheritance considerations. We’ll address common questions that may arise for Americans residing in the UK
Restricted Stock Units, or RSUs, are shares of stock that are granted to employees by US companies. With many American companies with UK subsidiaries, it’s common for stock awards to be part of the remuneration of employees. US-based employees sometimes transfer to work in the UK, so how are they taxed for those receiving these
RSU awards for employees and financial advice Read More »
ISA Season. Open Shares ISA Online. Accepts US UK Citizens. More details.
