Question

I live in the US and I make contributions to a UK Pension Scheme via my employer. How can I include these in via Turbo tax for income deduction purposes?

Forum|Forum|4 years ago
October 4, 2021
1 reply
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TurboTax Premier Online

Because of the U.S./U.K. tax treaty, U.S. citizens with U.K. pensions can deduct contributions from income to their U.K. pension just like they could for an American 401 (k) or similar retirement vehicles.

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vishmirAuthor

Thank you! Which part of the tax return (in particular in Turbo Tax) can we include this?

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GeorgeDenseff

There will not be a place in TurboTax for this situation. I would suggest just entering it under IRA and keep records of what you did in case it is questioned. You will have to pay with the entry to be sure you get the right outcome.

For example answer No to having a plan at work, even though this could be a work plan. Someone else will probably have a better solution for this. You want to take advantage of the tax break for making these contributions. Entering as Traditional IRA is my best thought for this.