UK based, Inheriting US money, would like to invest into a retirement fund

I'm a dual citizen (US/UK) living in the UK, not likely going to move back to the US. My father passed away recently and I am just getting some preliminary advice on some money that I would be inheriting from my part of a house sale in the US (approximately 75K). I am 45 years old, I would like to invest this for retirement. I have an existing 403b with Fidelity from when I worked in the US (can't contribute more to that since it's employee contribution only) Am I better off opening another US based investment account for retirement. Or do I just transfer the money over to the UK (making sure I have documentation and to declare this as inheritance) and do an additional contribution to my existing NEST pension, since that as far as I understand appears to have a greater contribution allowance and I won't be moving back to the US as it is?

If nothing else, does anyone know of a reliable expat financial advisor? I often have avoidance anxiety so having to deal with this stuff head on is my worst nightmare. But it has to be done. 

Thanks.

I doubt very much that adding the money to existing 403b is an option. I would simply move the money to the UK

I doubt very much that adding the money to existing 403b is an option. I would simply move the money to the UK

Correct, one can only add to that through employee earnings. After sleeping on it for a bit I am thinking of just moving it to the UK, declaring it as inheritance to HMRC, and then moving it to an existing NEST or Scottish Widows account (that will make up for the time lost not putting away for an employee pension when I first moved here). As tempting as it is to want to explore creative investing I am a simple person and I'm not sure that I want to deal with anything too complicated after giving it more thought since I likely won't be moving back. Thanks!

Correct, one can only add to that through employee earnings. After sleeping on it for a bit I am thinking of just moving it to the UK, declaring it as inheritance to HMRC, and then moving it to an existing NEST or Scottish Widows account (that will make up for the time lost not putting away for an employee pension when I first moved here). As tempting as it is to want to explore creative investing I am a simple person and I'm not sure that I want to deal with anything too complicated after giving it more thought since I likely won't be moving back. Thanks!

I don’t believe you have to declare it to HMRC at all. Any inheritance taxes would be paid by the estate of the deceased. When you move it over you would probably need to explain to the bank that it is an inheritance since they are required to investigate money laundering.

Keep in mind that a good financial planner will take all hassle AWAY while ensuring your money is “working for you”.  An IFA should always beat the market and pay for themselves as a result.  I’d recommend contacting one of the specialised firms in London and having a chat.

They are all based in London but work seamlessly throughout the U.K.  You’ll find local IFA’s won’t touch you because you are American….  I’ll save you that step.