Question about overseas pensions in general
Posted: Thu May 23, 2024 2:58 pm
Hi guys,
I remember sb in the forum posting a story about a Japanese woman who inherited her husband’s social security pension from the US, and was surprised when she received a large tax bill.
So my understanding is that her case relates to a state pension. I am wondering if the same treatment would apply to a private pension?
I know that in the UK private pensions can be inherited free from IHT, but if sb in Japan inherited such a private pension how would that be treated?
I have never inherited a public pension or private pension, but given that I have a parent in the UK I’d like to know for reference or information purposes.
Maybe I should make sure I never inherit a pension in the future?
Thanks!
I remember sb in the forum posting a story about a Japanese woman who inherited her husband’s social security pension from the US, and was surprised when she received a large tax bill.
So my understanding is that her case relates to a state pension. I am wondering if the same treatment would apply to a private pension?
I know that in the UK private pensions can be inherited free from IHT, but if sb in Japan inherited such a private pension how would that be treated?
I have never inherited a public pension or private pension, but given that I have a parent in the UK I’d like to know for reference or information purposes.
Maybe I should make sure I never inherit a pension in the future?
Thanks!