Had a long and successful working career in the US? As a result, do you have a pension pot with a US bank or investment company?

If this is the case, it is likely that you may have been asked to move your account. There has been a growing trend in the US to freeze accounts that are owned by Non Resident Aliens, that is, anyone who is not American and does not live in the USA.  The reasons for such actions have been attributed to the Patriot’s Act and FATCA but the result is the same: an effective loss of control over the operation of your US pension savings.

Over and above the challenge presented with finding a new home for your US pension, there are several other issues to address if you are British and the owner of a US pension:

  • How does the US  investment portfolio add or detract from my other retirement savings and investments?
  • How do I account for the fact that I have a future income stream in US Dollars?
  • How does my UK financial advisor report this account as part of my overall household wealth reporting?

We can help with all of the above and one of our dual US/UK qualified financial advisors would be pleased to discuss this with you.

Let us know how we can help you prepare for your future by contacting us on +44 (0) 20 7871 8440 or email us at contact@TanagerWealth.com.

HOW WE HELP

FINANCIAL PLANNING

Adding value to US/UK individuals and families with a carefully tailored financial plan to help you understand and reach your life goals

INVESTMENT ADVICE

Our intelligently constructed portfolios are designed for US expats and other US taxpayers. We consider asset location, investment structure and underlying costs when constructing US/UK tax efficient portfolios

BIRD’S EYE VIEW

A portfolio review service for US investors living in the UK.  A Bird’s Eye View report will review the structure, risk profile, investments and costs in your existing US portfolio

PHILANTHROPY ADVICE

Philanthropy runs deep in our clients. From occasional gifts to regular contributions Tanager can work closely with your legal and tax advisors to help facilitate gifting between the UK and the USA