Hi,
Does anyone know the rules for cashing in a 401k before 59.5 ? I have heard that 20% is withheld. Then you have to do a tax return for the 10% penalty. But I left the US about 15 years ago and surrendered my Green card. Do I still need to do a tax return?
Do I need to inform UK inland revenue about cashing it in. If yes, do they tax ?
Any help appreciated.
Thanks
