Welcome to the forum.
Analysis here: Tax Treatment of Superannuation for US Based Expats
Sorry to be the bearer of bad news. If you haven't already found it, we have a couple of wiki pages that look at the US tax problems confronting non-US citizens who move to (or out of) the US:
- Non-US investor's guide to navigating US tax traps - Bogleheads
- US tax pitfalls for a non-US person moving to the US - Bogleheads
- US tax pitfalls for a US person living abroad - Bogleheads
Just a heads-up. The US/Australia tax treaty is known to be spectacularly poor on its coverage of super plans; fundamentally, it ignores them. This can lead to US tax outcomes that range from ugly to vile, depending on how comfortable you feel classifying your plan as whatever type of US trust you can live with.I am trying to find out if there are specific things I need to know about managing retirement accounts across two countries and if there are any decisions I should consider so that I will not end up in a situation in the future of having to pay insanely high taxes, fees etc (on my Aus super over here or on my US retirement if I eventually move back)? Does anyone have any insights on this or can direct me to someone who might be able to assist?
Analysis here: Tax Treatment of Superannuation for US Based Expats
Sorry to be the bearer of bad news. If you haven't already found it, we have a couple of wiki pages that look at the US tax problems confronting non-US citizens who move to (or out of) the US:
- Non-US investor's guide to navigating US tax traps - Bogleheads
- US tax pitfalls for a non-US person moving to the US - Bogleheads
- US tax pitfalls for a US person living abroad - Bogleheads
Statistics: Posted by TedSwippet — Wed Jun 12, 2024 2:55 am — Replies 3 — Views 412