Essential advice and resources for expat Americans residing in the UK. Discover everything financial from savings to tax efficiency with the HMRC and IRS.
David and Maria are British citizens who lived and worked in the U.S. for several years. Their daughter, Isabella (8), was born in the U.S. and is a dual citizen. They returned to the UK three years ago, but do expect to return to the USA, but as their daughter is a US Citizen, they […]
For many individuals who have moved outside the United States, the idea of maintaining a US brokerage or 401k pension or IRA account with their former US address might seem like a convenient way to keep their financial affairs simplified. Or if nmove use a friends or families address. After all, you’re still an American
US Pensions and brokerage account need for a real address not a false one Read More »
Tax challenges for US Citizens buying a house in the UK face tax challenges in the USA that should be borne in mind. Additionally, if American-based parents give you some cash towards a deposit, you need to be aware of the impact of estate planning. Therefore, whether buying property alone or with a UK spouse,
American expats buying property in the UK Read More »
Expats in the UK, including children, can open an ISA with Edale instantly. The key features and application form are below. Our Individual Savings Account (“ISA”) is an investment account that allows US Citizens who are UK taxpayers to contribute post-tax funds on an annual basis. Get an idea of the costs for our American ISA. We
Open a Stocks & Shares ISA for US UK Citizens Read More »
President Joe Biden signed the Social Security Fairness Act into law on Sunday (5 Jan 2025), a landmark act that will remove the reduction of retirement benefits for those receiving non-covered pension income. This transformative law ends the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), two controversial changes that have been detrimental
Managing a US-based 401(k) or IRA pension plan as a non-resident is not always straightforward, especially when nearing retirement or wanting an optimal plan to fund it. If you previously worked in America, moved from the USA to work overseas and settled in the UK, you’ve probably built up pensions in the USA and UK.
UK Financial Advisor for Your 401k / IRA US Pension as a Non-US Resident Read More »
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 »
Edale is committed to making investing accessible by removing common barriers, such as minimum investment requirements. This approach allows even new investors to enter the market with ease. However, it’s important for investors to stay informed about the costs associated with different financial products. While no minimum investment can open doors for many, understanding the
US / UK citizens invest without the hurdle of a minimum portfolio size Read More »
As a US person residing in the UK, managing your investment accounts, such as ISAs (Individual Savings Accounts) and SIPPs (Self-Invested Personal Pensions), can be a complex endeavour, especially when navigating the intricacies of cross-border financial regulations. If you’re considering a more streamlined approach to your investments, consolidating your accounts with Edale could be a
ISA Season. Open Shares ISA Online. Accepts US UK Citizens. More details.
