section 83 foreign pension plans.

This link;

https://blog.intltaxcounselors.com/international-tax-cpa-research-foreign-accountant/section-403-section-408-section-457-section-894-hmrc-section-402-tax-treaty-pension-retirement-plan-u-s-u-k-tax-treaty-us-uk-uk-us-pension-scheme-eligible-retirement-plan-united-kingdom/

indicates that "section 83 is available for foreign pension plans.  For the Green Card holder, this is a great election with many tax savings."

TBH i couldn't make much sense of this or how it could relate to my pension…can anyone explain/

Thaks

Art

BS

The memorandum is just saying you can't do a penalty and tax free transfer of pensions from the US to the UK ie UK plans are not qualified plans.

Section 83 relates to when you are taxed on company stock grants......I suppose it might be relevant for some people, but won't be an issue for most.