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Author: pile5 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 667  
Subject: Re: Moving to UK - Retirement funding options Date: 5/1/2008 2:34 PM
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thanks for the replies!
some more details
I looked over PriceWaterHouseCooper's analysis of my income, and it looks like w/my deductions I will have no US income.

w/this, I'm guessing I will not be allowed to contribute to an 401K or IRA.

I don't think the apartment will be viewed as income, as I will be working for one of our clients, and I think they are arranged a montly 'slush fund' for me to draw on for expenses. These monies will be funded my the higher rate they will bill me out at. So I think this will be just viewed as paying for my expenses.

I've asked to be kept on the US payroll and have been told this is possible, but I'm still waiting for final word. My UK work permit was just approved as well. The client wants me over there, I guess it is just a matter of me accepting the 'final offer' from my company.

My company is US based, but I think the original plan was to put me on the UK payroll. Viewing the retirement shortfalls, I am going to balk on the opportunity unless:

* I am kept on the US payroll
* pay for apartment

OR

* put me on UK payroll
* give me a salary adjustment to bump me over the foreign exclusion so I'll have US income, and can contribute to a 401k and IRA
* pay for apartment

they said they will pay for apartment, but I think this might be for only 6 months. Of course I'll need this all in writing lol


any more nuggets anyone has would love to hear - THANKS!!
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