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Huw Owen-Reece

Huw Owen-Reece

Joined: 9/23/2024

  • NHS pension taxation in the US

    Mon, 23 Sep 2024 22:02:55 GMT – NHS pension taxation in the US
    At the time the UK National Health Service pension becomes payable to an individual, a mandatory, one-time lump sum of 3x the annual pension annuity is also paid out to the recipient. This lump sum is tax free in the UK. If the recipient is a US citizen does the United States IRS also treat it as tax free for the purposes of worldwide income?