Help please - can anyone recommend what type of financial professional we need?

My UK Citizen husband is about to receive his L1 Visa and then we'll be returning to the US after 15 years here.

We aren't sure where our money should be - I'm worried about double taxation, particularly on his UK pension. We'd love to speak to someone but we're not sure if we need:

- a CPA (and if so, US or UK based?)
- a Tax Planner
- a Financial Advisor
- Someone else, like a specialized UK/US accountant?

Thanks in advance for any advice, and if you have a specific recommendation of someone you've worked with that has been great that would be wonderful too!

Just curious why a L1 visa and not IR-1. You say you’re returning stateside after 15 years in the UK?

For a US resident UK pensions (other than Government pensions) and state pension will be taxed only in the US. You file a US Individual DT 2002 to claim treaty tax relief in the UK.

https://assets.publishing.service.gov.uk/media/5de8de99ed915d09d0f7fded/Form_US-individual_2002.pdf

Other things to watch out for are ownership of any UK mutual funds in general accounts or ISAs as this will be taxed under PFIC rules by the IRS.

For a US resident UK pensions (other than Government pensions) and state pension will be taxed only in the US. You file a US Individual DT 2002 to claim treaty tax relief in the UK.

https://assets.publishing.service.gov.uk/media/5de8de99ed915d09d0f7fded/Form_US-individual_2002.pdf

Other things to watch out for are ownership of any UK mutual funds in general accounts or ISAs as this will be taxed under PFIC rules by the IRS.

I can confirm that while I was living in the USA and receiving a UK pension that I filed form 2002 and was assigned a tax code of NT 0 and did not pay HMRC tax on my UK pensions .

Does DT 2002 need to be filed annually with HMRC? Could you file an R43 instead if your uk sourced income was below the personal allowance?

Does DT 2002 need to be filed annually with HMRC? Could you file an R43 instead if your uk sourced income was below the personal allowance?

I only filed DT 2002 once and have never filed form R43. What happened was as soon I received my first UK pension payment then I saw that tax was withheld and immediately afterwards HMRC wrote a letter to me in Texas about declaring other UK income. I then filed DT 2002 which took a couple of months to process but on my 3rd pension payment the taxes withheld from the previous 2 months were refunded and my tax code set to NT 0.  That was back in 2007 and I never had to file it again. We moved back to England in 2016 and became UK tax resident in 2016 so for 8 or 9 years HMRC never needed confirmation that we were still living in the USA and paying taxes to the IRS.