Pension and Social Security

[shoreview3]

(cross posted in americaninuk

Comments

[mappingcaroline]

I don't really understand how it works, but this seems to be a good web site about it -

http://www.ssa.gov/international/Agreement_Pamphlets/uk.html

[licon]

I believe you would, as there is some sort of reciprocal agreement. I know that, as a dual citizen who lived the first part of her life in the UK, I can draw my UK pension in the US when I become eligible.

[jenepel]

Some people end up claiming both - it just depends how much you put into each system. If you are working in the US and paying into SS then when you retire your SS payments will be dependent on how many years you worked and how much you had paid into the system over those years - it doesn't matter what country you are living in at the time. (That is of course if there is any money LEFT for SS when we all retire - but that's another matter!) As for UK NI payments, the same is true. There are special treaty rules about which pensions are taxable where too, but that's kind of separate.