Est. Reading Time - 15 min
Exiting The USA: Exit & Transfer Taxes
This blog is relevant for anyone who is planning on moving out of the USA as a Green Card holder or surrendering their US citizenship...
Leverage Our Cross-Border Experience and Expertise.
The Foundation of Our Service Proposition.
We help our clients navigate the complicated reality of being an expat in America.
Making the Transition Easy
As a successful British expat with at least $1M net worth in America, whether on a visa, green card or you have US citizenship, your financial life spans at least two countries, two tax jurisdictions, two currencies, two government pension systems and numerous investment and financial products.
Furthermore, the US can be a particularly difficult place to be an expatriate, with some unusual restrictions and tax reporting requirements, accompanied by punitive punishments for even innocent non-compliance. We help our clients identify and coordinate the US and UK components of their financial life, including private and state pensions, retirement accounts, investments, healthcare, tax reporting and more.
We have built our Cross-Border Retirement Roadmap to help our successful British expat clients plan and prepare for retirement within the context of their cross-border way of life. We bring both US and UK experience and qualifications to the process to ensure that our clients take advantage of the opportunities and avoid the pitfalls of being an expat in America.
Educate Yourself
We have written a series of posts to help successful British expats living in America to understand their situation and options for their UK pensions.
Would You Like to Know More?
Need information about Final Salary pensions and an explanation of why transfer values are currently so high? Please request our free guide: A Financial Guide – UK Pensions as a US Residents
In the United States, unusual regulations can easily confuse well-intentioned taxpayers and result in harsh penalties. Avoid these issues with our free guide: Top Tips Guide for Brits in America
How We Charge
At Plan First Wealth, our fees are transparent. We communicate with our clients so they understand how their fees are calculated and how much they will be paying.
All fees are explicitly agreed in advance and whilst fee payments may be facilitated by a product provider, trustee or custodian, any fees we receive come directly from our clients and/or their account(s). Nobody pays us but our clients and we are beholden to nobody but them.
Our fees are tiered and differ by product and/or platform (please refer to our ADV for a breakdown), but generally, are the same for everyone for the same account size. Upfront, we may charge an onboarding fee for financial planning or an account opening fee to facilitate a UK pension transfer. On an ongoing basis we charge a percentage of assets under management for an agreed upon level of service. More information, including specific fee breakdowns, can be found in our Form ADV Part 2A.
We do not charge extra fees and we do not discount fees (because that would not be fair to other clients). All our services have already been factored into the fees we charge.
PFW Fee Guarantee
If during your first 6 months as a client of PFW you are dissatisfied with the service we provided, we will refund all advice fees charged during that period.*
*This includes any financial planning and advisory fees. Account Setup fees and fees charged by the platform or trustee are not covered by this guarantee.
