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    Andrew H's Avatar
    Andrew H Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 22, 2009, 12:27 AM
    I am now living in Switzerland and have an old 401K plan from a time when I worked th
    I am now living in Switerland and have an old 401k plan from the time I was working in the USA under an L2 Visa.

    I am a UK citercen and now for tax purposes a Swiss resident.

    I have completed a W 8 BEN form and this is lodged with my 401Kplan supplier.

    I would like now to transfer or roll over my 401k plan into my new overeas pension plan. Is this subject to withholding tax and or any other taxes and what are the
    Angles / process that I need to be aware off.

    Many thanks Andrew
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Dec 22, 2009, 11:39 AM
    Andrew:

    A review of BOTH the UK and Swiss tax treaties show that pensions and annuities are NOT subject to U.S. income taxes.

    That being the case, any transfer to your overseas pension plan should be subject to NO taxes at all.
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