It’s time and ageing parents are my motivation to move back to the UK (my birthplace) after spending 30 years in the USA. Currently, I have no roots in the US, so a relatively easy decision to make. I’ve worked with my current US employer since 1991. I’m stepping out on Faith that I will find work in the UK, due to my contacts in recruitment, and I will reside with my parents in their home. I never applied for a US Citizenship, but I’ve been a US Green Cardholder for 28 years. I’ve just returned from a UK visit (after assessing my parents’ needs) and call me ambitious, but I would like to move back to the US as soon as December 2018. So, my questions are as follows:
1. Where do I begin in terms of US Social Security, retirement plans, and company pension?
2. How do I set this up, so these US benefits follow me to the UK?
3. Should I apply for a US Citizenship? I was told that I would have to denounce my US Green Card, and will not be entitled to my US Social Security (upon retirement), my US 401K/Plan B Retirement Plans, or US pension if I do not have US Citizenship. Is this true? Having read some of the comments on this forum, it appears that there are US tax implications with holding a Green Card and/or US Citizenship upon returning to the UK permanently.
Please advise and thank you for this forum.
1. Where do I begin in terms of US Social Security, retirement plans, and company pension?
2. How do I set this up, so these US benefits follow me to the UK?
3. Should I apply for a US Citizenship? I was told that I would have to denounce my US Green Card, and will not be entitled to my US Social Security (upon retirement), my US 401K/Plan B Retirement Plans, or US pension if I do not have US Citizenship. Is this true? Having read some of the comments on this forum, it appears that there are US tax implications with holding a Green Card and/or US Citizenship upon returning to the UK permanently.
Please advise and thank you for this forum.
