When someone passes away in the US, their investments often pass to a beneficiary through one of two vehicles: a Transfer on Death (TOD) brokerage account or a beneficiary (inherited) IRA. They can hold identical investments. They can come from the same person. Yet the tax treatment, the deadlines, and what you’re allowed to do […]
Living in the UK, few have heard of IRAs. What are the taxes? Why an ITIN? What does a W8 Ben do? The rules for beneficiaries changed under the SECURE Act. Worse, starting in 2025, the IRS (the USA taxman) is enforcing annual withdrawals, which have caught many people off guard. What you must do,
You’ve Inherited an IRA/401k. Taxes, ITINs, W8-BENs. What? How much? Read More »
Inheriting a loved one’s IRA comes with investment complications for expats or non US residents. Managing a US-based financial account can feel like a bureaucratic nightmare. It is completely valid to feel frustrated when the financial system seems designed to lock you out. Understanding the hard facts of cross-border regulations and tax treaties, you can
Inherited IRA eligible investment and finding right asset as expat or non-US resident Read More »
This guide provides step-by-step instructions for a nonresident alien to complete Form W-7 to obtain an Individual Taxpayer Identification Number (ITIN) for the purpose of reporting distributions from an inherited IRA. If you are a nonresident alien inheriting a U.S.-based IRA, the distributions (payments) you receive are considered U.S.-source income. To report this income to
Instructions for Completing Form W-7 for an Inherited IRA Read More »
Inheriting a U.S. retirement account while living in the UK can feel overwhelming. When U.S. custodians send distribution paperwork, the most common instinct is to immediately cash out the entire account and transfer the funds to a UK bank account. However, rushing to withdraw an inherited IRA is usually the most expensive choice you can
Inheriting a US IRA /401(k) as a UK Resident: Tax Rules & Withdrawal Options (2026) 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 »
ISA Season. Open Shares ISA Online. Accepts US UK Citizens. More details.
