Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Consolidating Foreign Accounts
Old 07-07-2014, 11:38 AM   #1
Recycles dryer sheets
 
Join Date: Jun 2014
Posts: 96
Consolidating Foreign Accounts

Hi,
I was wondering if anybody has any experience of this. I am an American immigrant with a bunch of accounts in the UK from previous jobs etc. My wife has a bunch also.
At tax time we have FinCen 114 and 8938 to mess about with. I closed most of our accounts. We only have pensions (maybe 8 of them), one life insurance policy that matures in 2018 and a single bank account to pay for stuff like presents in the UK.
If I could consolidate all our pensions down to 2 that would be great. Maybe I could get the money into a SIPP so I have more choices. With the recent news that Fidelity is not allowing US Citizens to trade mutual funds if they live overseas if looks like the options for 'US Persons' are dwindling by the day.
Anyone done pension consolidation in the UK? Costs, rules etc?
__________________
Neill is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Consolidating Assets? In-control FIRE and Money 3 01-24-2013 02:48 PM
REQ ADVICE: Consolidating 401k, IRA's, etc. NoEZmoney Hi, I am... 3 02-22-2011 01:38 PM
Need Help Consolidating multiple accounts KB FIRE and Money 17 12-30-2009 10:03 PM
Allocation of Foreign stocks among brokerage/IRA/401 accounts bots2019 FIRE and Money 5 08-27-2009 10:49 AM
Foreign investments or not? Natalie FIRE and Money 3 07-16-2003 11:55 PM

 

 
All times are GMT -6. The time now is 11:02 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.