Retired dual citizen becoming resident in UK , need advice

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expatgirl33 Member

Member since 16 October 2019

expatgirl33Member16 October 2019 16:59:07

I'm contemplating spending more than six months in the UK and need advice on how it will affect my bank accounts in the USA., taxes,聽 and the pension I receive in the USA.. Thank you

mugtech ViP

Member since 08 September 2012

mugtechViP17 October 2019 11:28:52

4570

As a USA citizen you will need to file federal income taxes, and if you maintain a residence in a state with income taxes then you will need to file with them.聽 Spending more than 6 months out of the USA should not change your pension or USA bank accounts.聽 No matter how long you stay out of the USA as long as you have聽 a USA address nothing will change.聽 Many expats live out of the country but have SS or pensions deposited directly into their USA accounts as a matter of financial security because of the FDIC on up to $250,000 of deposits per bank.

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