Lifestyle Financial Planning
Why National Insurance Contributions Matter for British Expats
The UK still offers a range of legal opportunities to mitigate your tax liability and make the most of your financial situation.
January 6, 2025
Can you still contribute to a 401(k) or IRA while living abroad?
It depends on your income, employer setup, and tax strategy. From FEIE limitations to payroll rules, our cross-border licensed advisers can explain when contributions are allowed, and when they stop, so you can avoid mistakes and plan smarter as an expat. Fill the form to get in touch with an expert today.
Book a Free ConsultationWhy Retirement Contributions Become More Complex When You Live Abroad
When U.S. citizens relocate overseas, their tax situation often becomes more multi-layered. While the U.S. continues to tax worldwide income, the ability to contribute to U.S. retirement accounts-such as 401(k)s, Traditional IRAs, and Roth IRAs—depends on specific IRS rules around:
- earned income
- employer plan eligibility
- FEIE (Foreign Earned Income Exclusion),
- FTC (Foreign Tax Credit),
- U.S. payroll requirements,
- foreign residency structure, and
- long-term planning intentions.
If you can relate, it’s time to speak with a professional.
Our licensed advisers at Skybound Wealth USA can review your current situation, give you an explanation of how contribution rules work for Americans living abroad.
401(k) Rollover Review for U.S. Expats
Find out where your retirement accounts stand, what your options are, and what - if anything - you should be doing right now. No obligation.
