Guest Frank Jackson Posted October 4, 1999 Posted October 4, 1999 Can a US 401k plan accept a roll-over from a UK DC plan? I know I investigated this many years ago (for a different country). I thought there were some countries that were able to met the IRS's definition of "qualified". If so, where is this referenced in the law?
david rigby Posted October 4, 1999 Posted October 4, 1999 i think there was a discussion on this topic several months ago. Try a search. I think the gist is that this type of transaction (either direction) does not work because the plans are "qualified" under different laws. Not aware of any treaties that might automatically recognize qualified status from another country, but you would need competent legal advice for that. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now