My spouse and I are dual US/UK citizens. All our assets/income/retirement savings are (and will continue to be) US-based. We plan (probably) to retire in the UK in 10-15 years.
Currently, and probably for the foreseeable future, our joint income is near the top end of the 22% tax bracket.
I know US/UK taxes are a hugely complicated topic, with many variables to consider, but right now I am looking for advice on one specific choice that we have control over, namely:
In terms of our future US/UK tax obligations, does it make more sense to put our retirement savings into a workplace traditional 401(k) or a workplace Roth 401(k)? Both options receive a 100% (traditional) employer match up to 8.75%. I'm wondering how the UK taxes income from Roth withdrawals vs those from a traditional 401(k)?
Currently, and probably for the foreseeable future, our joint income is near the top end of the 22% tax bracket.
I know US/UK taxes are a hugely complicated topic, with many variables to consider, but right now I am looking for advice on one specific choice that we have control over, namely:
In terms of our future US/UK tax obligations, does it make more sense to put our retirement savings into a workplace traditional 401(k) or a workplace Roth 401(k)? Both options receive a 100% (traditional) employer match up to 8.75%. I'm wondering how the UK taxes income from Roth withdrawals vs those from a traditional 401(k)?
Statistics: Posted by britishboglehead — Tue Sep 17, 2024 10:23 pm