bluefeather11
Jul 25, 2008, 03:14 AM
Hi,
I am an Indian citizen who was employed in the U.S. on an F-1 visa with OPT and have collected around $10,000 in my 401 (k) plan. I have now been transferred by my employer to work in the U.K. and plan to retire in India. My question relates to how I can withdraw my money from my U.S. 401 (k) with minimum tax liability. What is Form W8BEN?
I have spent about 3.5 years in the U.S. on an F-1 visa and am considered a non-resident alien for tax purposes. I am about 22 years old - not too close to retirement.
Or, would it be a better option to rollover the plan into a U.K. Pension plan and then to an Indian plan when I move there? What would the tax implications of these be and how can I minimize this?
I would really appreciate the help.
I am an Indian citizen who was employed in the U.S. on an F-1 visa with OPT and have collected around $10,000 in my 401 (k) plan. I have now been transferred by my employer to work in the U.K. and plan to retire in India. My question relates to how I can withdraw my money from my U.S. 401 (k) with minimum tax liability. What is Form W8BEN?
I have spent about 3.5 years in the U.S. on an F-1 visa and am considered a non-resident alien for tax purposes. I am about 22 years old - not too close to retirement.
Or, would it be a better option to rollover the plan into a U.K. Pension plan and then to an Indian plan when I move there? What would the tax implications of these be and how can I minimize this?
I would really appreciate the help.