The following people are considered US connected persons:

• Green Cardholders
• Other visa holders living in the US. Although this can get complicated. H1B visa holders, for example, are only sometimes considered US-connected persons.
• US taxpayers
• You were born outside the US but have one US parent
• You were born in the US, even if you left as a child
• Also, note the passport you have is irrelevant if you were born in America.

If any of the above apply to you or you believe you are a US-connected person, then we can help.

Tax-compliant investment or retirement services overseas can be utilized for US expats providing the below criteria is met:

• The institution you invest your funds with complies with FATCA
• You are filing the correct forms annually to the IRS
• Your financial adviser is regulated to provide cross border advice in both the US and your country of residence

Fortunately, SJB is in a unique position to cater for this market due to our cross-border business model with multiple regulations.

1. US FATCA-Compliant Investment Plans – FATCA compliant platforms are designed for US-connected individuals who want to invest. They provide access to SEC-regulated investment managers and their managed portfolio services (MPS). These investments, that offer a collection of direct equities, bonds, ETFs, and mutual funds, are not penalized by the US tax code.
2. US Compliant Retirement Plans – Foreign US style personal pension plans have been carefully designed to not just comply with FATCA but also provide additional tax benefits for individuals returning to the US. These products offer gross roll up and lucrative tax benefits that outweigh the benefits of many non-US pension options.
3. 401k Rollover to IRA – Unlike UK expats, US expats don´t have the option to transfer their pensions overseas without the implication of a huge tax charge, however, there are still very attractive onshore options such as rolling over your 401k to an IRA.