I have an IRA in the USA which is managed by Morgan Stanley. I would like to transfer the account to another platform to facilitate taking regular distributions when I retire. I'm currently located in the UK but am planning to split my time between there and Ireland once retired. Any advice would be gratefully received.
US IRA account
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Brendan Burgess
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@bot1963
I assume you have been in the UK for a long time and are resident for tax purposes in the UK?
So the key rules which apply to you now would be the UK/USA rules on taxation and pension transfers.
So some sort of specialist based in the UK would be best placed to advise you.
There might be an advantage or a disadvantage in waiting to do anything until you move your tax residence to Ireland, if that is what you choose to do.
So you need someone who understands both the UK/USA and Irish/USA rules.
The only person I can think of who might be able to help you is Marc Westlake of Everlake.
everlake.ie
If he does not know the answer, he will probably know someone who does know the answer.
I assume you have been in the UK for a long time and are resident for tax purposes in the UK?
So the key rules which apply to you now would be the UK/USA rules on taxation and pension transfers.
So some sort of specialist based in the UK would be best placed to advise you.
There might be an advantage or a disadvantage in waiting to do anything until you move your tax residence to Ireland, if that is what you choose to do.
So you need someone who understands both the UK/USA and Irish/USA rules.
The only person I can think of who might be able to help you is Marc Westlake of Everlake.
Our Team - Everlake
We're a small team of Financial Planners and support staff working from our seaside office in Dun Laoghaire, Co. Dublin, Ireland.
everlake.ie
If he does not know the answer, he will probably know someone who does know the answer.
Brendan Burgess
Founder
- Messages
- 53,416
Be careful in looking for an advisor.
There are many impressive sounding firms who are based in offshore locations who offer to move your pension fund to an offshore location free of tax.
Some might be genuine. Some might be scammers. And some might just be legitimate but they have very high charges.
Brendan
There are many impressive sounding firms who are based in offshore locations who offer to move your pension fund to an offshore location free of tax.
Some might be genuine. Some might be scammers. And some might just be legitimate but they have very high charges.
Brendan