Planning for your UK to USA Big Leap
Making the move from the UK to the USA is exciting but it can also seem daunting, and confusing, particularly when it comes to finances and the requirements of the IRS.
Here are our top tips on what you can do to prepare when embarking on your American dream.
What's More Important, Your Pension Plans or Your Next New Car?
Planning and taxation of pensions can seem like a minefield even for those in the relatively straightforward position of working, residing and planning their pensions in the UK. But pension planning for US non-residents is an activity worth putting some considerable time and effort into.
With this in mind it is disturbing to read news of a recent Legal & General report which claims that those over 55 take more time choosing a new car than they do when planning their pension, and this despite the fact that more than half of this demographic claim they view financial security as their number one priority.
Furthermore, 20 percent lack even the basic confidence that their pension will last them the course of their retirement, which of course makes it hard to understand how more than half of retirement savers spend less than a week deciding how they will invest and draw their pension income.