Expat FAQ
Do you have a general question on expatriation? FAQs give you answers to the most frequent questions: At Work.
What happens if I keep an IRA in the US while living somewhere else
You'll have to look at the tax treaties between the US and whatever country you're in to see how they deal with income from IRAs held in the US.
In the UK, the US income from the IRA will be taxed in the US and you'll get a tax credit for that income in the UK so that you won't have to pay tax on it again (and of course any income you get in the UK will get a tax credit in the US up to 70K USD/year).
It is therefore possible to keep a US IRA in the US, while living and working in UK.
[31-01-2005]
In the UK, the US income from the IRA will be taxed in the US and you'll get a tax credit for that income in the UK so that you won't have to pay tax on it again (and of course any income you get in the UK will get a tax credit in the US up to 70K USD/year).
It is therefore possible to keep a US IRA in the US, while living and working in UK.
[31-01-2005]
- Non-French residents: What are my tax obligations if I own a furnished property rented out in France
- Are French non-residents exempt from CSG and CRDS?
- How do I apply for a social security number in the USA?
- What should you include in an Expat Contract?
- What are types of Expat Package?
- How do I apply for a National Insurance Number in the UK?
- French Pensions: How does it Work?
- German Pensions: How does it Work?
- UK Pensions: how does it work?
- Retirement in America: how does it work?
- What is a Pension Plan?
- Tax agents of the French state employees abroad
- Taxation of French employees seconded
- International tax treaty and method of taxation of the French expatriate
- Are you a French tax resident under the criteria of the French law?
- I lost my National Insurance Number - UK / London
- Pension calculation when you have contributions in several different European countries
- Claim back tax, Tax return, Tax refund in the UK, P60, P45, P85
- Special tax regime for foreign executives in Belgium
- At you one right to family allowances in Britain?
- How to set up a company in the UK?
- What does the UK tax code mean?
- What is the IR35 UK tax?
- Do you need to set up a company if you are contracting in the UK?
- What is an Umbrella Company?
- Comparison of different levels of taxation in Europe
- Pensions in the European Union
- What are the European E-forms for family benefits?
- What are the European E-forms for unemployment?
- What are the European E-forms for pensions?
- UK: I've Lost My NI Number Card, what do I do?
- What is the minimum wage in the UK?
- How do I convert my 401k plan into an IRA?
- What happens if I keep an IRA in the US while living somewhere else
- US citizens: I've married a UK citizen in UK, how do I fill my US Tax form?
- US citizens: Who must complete a US Tax Return?
- US citizens: Do I still need to fill a tax form if I become a British Citizen?
- Marriage / Divorce - Check your Social Security number (SSN)
- Do we have to pay UK taxes in the USA?
- Unemployment compensation: How to get the E301?
- What are the dole in England after leaving France?
- Domiciled or resident in the UK?
Consult our FAQ made by the most frequently asked questions and specific terms of expatriation.
You can ask details, information and post comments on the forums.
The list of all the questions in the website language is available in one click, ordered by refreshed date or by number of hits.Recommended Partners
For other discussions, advice, question, point of view, get together, etc...: please use the forum.