Help, Advice and Events
Type of event: Financial Advice Webinar
Where: Zoom
Date: 24 October 2024
Time: 16:00 BST / 08:00 PT / 11:00 ET /
Due to various tax and regulatory complexities, it’s vital for Americans living in the UK to gain an understanding of what investment opportunities they can access, and which might be right for them.
Because of certain rules and regulations, Americans will have limited access to US-based investment platforms, therefore exploring alternative options is essential for portfolio diversification and effective retirement planning.
What’s more, Americans are subject to US tax on worldwide income, including investment gains, which means navigating double taxation, avoiding punitive tax treatment on certain investments and complying with all relevant laws is crucial.
At this webinar, we’ll be joined by experts from our partners at Tanager Wealth and Tax Advisory Partnership, who will share an overview of both the various investment options and opportunities available to Americans living in the UK as well as the key tax implications that you need to be aware of when choosing any of these options.
After we’ve heard from each of our experts, you’ll have the chance to ask your own questions in an interactive Q&A.
Investment options for Americans living in the UK are extremely limited, especially for anybody who has less than $1m to invest. This is due to the complications including tax and the global disclosure requirements of the IRS. In this webinar we will look into why this is the case and present a number of options available for Americans, even if they have under $1m to invest.
Taxation can be complicated when you’re evaluating investment options as a US expat, with obligations to meet in both countries. We’ll outline how to prevent double taxation on your investments and outline your tax responsibilities in both countries to ensure you stay compliant and avoid penalties.
After we’ve heard from each of our experts, you’ll have the chance to ask your questions in an interactive Q&A.
Scott Wickham, Tax Advisory Partnership
Scott is a US Tax Partner at Tax Advisory Partnership, a leading specialist tax firm employing over 40 qualified tax professionals and with offices in London and Leeds. They specialise in international private client tax matters with a focus on the taxation of UK and US taxpayers.
Patrick Mulhern, Tanager Wealth Management
Born and raised in New Hampshire, Patrick moved to Scotland at 17 to study at the University of St. Andrews and has been picking up knowledge of life on both sides of the Atlantic ever since. Now a Partner and Financial Advisor at Tanager Wealth Management, Patrick specialises in complex planning for high-net-worth clients, international estate planning and inheritance issues. Prior to working in Financial Planning, he worked for a trust and estate law firm and co-wrote the book Estate Planning to Die For.