Sean

Hi, I have rescinded my US Green card but have 401K which i can withdraw after retirement. I understand US witholds 30% on all withdrawals for NRAs, but due to tax treaty, this is reduce to 15% on 401K, is that correct? Also, will the UK tax anything over and above this or are lump sum withdrawals from US pensions tax free in the UK ? Thank you

Hi, a spoke to my US accountant who advised all income originating in the US will be taxed in the US. This includes income from rental properties, bank savings interests, stock options awarded as part of work conducted in the US as well as private pension schemes. I think this is also in the tax treaty. While I was in the US I paid tax on my UK rental income and savings in the U.K. so makes sense same applies the other way.

Hi, I have 2 parts to my questions: I was based in the US for several years and have half of my employer awarded stock appreciation rights (SARs) vested while there. Now I am U.K. resident, please advise where I will be taxed when I exercise them (I believe it is taxed at source ie paid to the IRS)? Also for my remaining stocks which have not yet vested, where will these be taxed, as I believe they will be paid to me in the U.K. when exercised.