The United States offers endless opportunities — from thriving career prospects and world-class education to diverse landscapes and a dynamic lifestyle. But for anyone relocating from abroad, the move also brings a complex web of financial, tax, and investment considerations. Whether you’re moving for work, family, or retirement, securing expert financial advice before you go is essential to protect your wealth and make a smooth transition.
At Blacktower Financial Management, we specialise in helping expatriates plan, manage, and protect their finances when relocating to or from the US. With decades of international wealth management experience, our advisers understand the intricacies of both US and foreign tax systems, and can help you structure your assets to stay compliant and financially secure.
Understanding the US Tax System
The US operates one of the world’s most complex tax systems. Once you’re a US tax resident — typically determined by the Substantial Presence Test — you’ll be required to report and pay tax on your worldwide income, including foreign pensions, rental income, and investments.
If you’re a US citizen or green card holder, these obligations extend globally, even if you live abroad. That’s why it’s critical to understand how US tax law interacts with your home country’s tax rules and any double taxation treaties in place. The right planning can ensure that you’re not taxed twice and that your financial structures remain efficient.
Managing Investments and Pensions
Many expats arrive in the US with investment products or pension plans that are not compliant under US regulations. For example, non-US mutual funds and many European investment products can be treated as PFICs (Passive Foreign Investment Companies), attracting punitive taxation.
Before moving, it’s important to:
- Review and restructure your investments to ensure US compliance.
- Understand how your foreign pension will be taxed.
- Explore retirement savings options available in the US, such as 401(k) or IRA plans, to build future income tax-efficiently.
Why Work with a Cross-Border Financial Adviser
Relocating to the US requires more than domestic financial advice — it demands international expertise. Blacktower’s team specialises in cross-border financial planning, offering guidance on:
- Tax residency and reporting.
- Investment restructuring for US compliance.
- Pension and retirement planning.
- Currency and wealth transfer strategies.
- Estate and inheritance planning for dual jurisdictions.
Speak to us today to arrange a confidential consultation and learn how our international financial advisers can help you move to the United States with clarity, compliance, and confidence.