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Where Taxpayers and Advisers Meet

Is USA 401k treated as pension for IHT purposes?

pandora_boite
Posts:18
Joined:Thu Nov 24, 2011 6:51 pm
Is USA 401k treated as pension for IHT purposes?

Postby pandora_boite » Fri Aug 06, 2021 5:01 pm

Can someone please advise how the HMRC treats US 401k assets that are part of an estate ?

The 401k plan is a tax-advantaged, defined-contribution retirement account offered by many employers in the USA. I was wondering if this is recognised as a pension plan in the UK, and if so if it would be excluded from the estate in the same way the UK pensions are.

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