FAQ

Can my client transfer their UK pension to a 401K or IRA?

Unfortunately, the transfer of a UK workplace or personal pension into any US retirement account, including an IRA, is not permitted by the Internal Revenue Service (IRS).

We appreciate that it can be frustrating for clients when we confirm this to them. Many clients retiring in the US simply want to have their retirement assets in one place. However, we advise our clients to make sure their UK pension is in the right type of UK pension plan structured to meet their overall retirement goals so that it can continue to play a meaningful role in their retirement.