UK Cash ISA (Account Options)

Now we’re getting to the accounts that aren’t part of the flowchart for a “typical” American in the UK planning for retirement, but they have their purposes and might be useful in your individual plan. Synopsis A Cash ISA is a glorified savings account that’s UK tax free, US taxable. Most people don’t pay UKContinue reading “UK Cash ISA (Account Options)”

The US/UK Tax Treaty

Big caveat up front: I am not a lawyer! This is 100% a layman’s reading of the tax treaty – it’s entirely up to you to confirm my interpretations. I’ve tried to call out situations where there are various interpretations so you can make your own judgment or seek out professional advice. Don’t try toContinue reading “The US/UK Tax Treaty”

US & UK Taxable Brokerage (Account Options)

I’ve lumped US and UK taxable brokerage accounts together because they’re conceptually very similar. There are slightly different challenges, based on the available investments, but I’ll call out where they differ. For most Americans in the UK, you’re best off with a US account, if you can get somebody to let you have one! SynopsisContinue reading “US & UK Taxable Brokerage (Account Options)”

UK Lifetime ISA (Account Options)

Lifetime ISAs are a relatively new product, and are an interesting hybrid of a “normal” ISA and a pension, kind of like a Roth IRA. Your money is locked up until age 60 except for a first home purchase, but it’s tax advantaged. The low contribution limit means this won’t be a huge part ofContinue reading “UK Lifetime ISA (Account Options)”

Before You Move

I’ll keep working down the list of accounts, but wanted to take a quick break to write up some thoughts about what you might want to do if you’re a US citizen thinking of moving to the UK, but you haven’t left the US yet. Not all of these are required, but they might saveContinue reading “Before You Move”

US Roth IRA (Account Options)

Number 2 in the series on account options – full list is at Account Options. Edit 07Jul21: I’ve changed my view on whether Roth IRAs need to be opened before leaving the US – I no longer think that’s a requirement, although it’s logistically easier. I’ve updated the post to reflect that. Edit 13Aug21: ThereContinue reading “US Roth IRA (Account Options)”

Welcome

Thanks for finding my new site, focusing on FIRE (Financial Independence/Retire Early) for Americans who live in the UK, or want to. This site grew out of an idea that I had after helping a number of people on both Facebook and Reddit. There is lots of information out there about how to invest forContinue reading “Welcome”