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Foreign Pension Fund

Foreign Pension Fund

A foreign pension or annuity distribution is a payment from a pension plan or retirement annuity received from a source outside the United States.

You might receive it from a:

  • foreign employer
  • trust established by a foreign employer
  • foreign government or one of its agencies (including a foreign social security pension)
  • foreign insurance company
  • foreign trust or other foreign entity designated to pay the annuity
  • Just as with domestic pensions or annuities, the taxable amount generally is the Gross Distribution minus the Cost (investment in the contract). Income received from foreign pensions or annuities may be fully or partly taxable, even if you do not receive a Form 1099 or other similar document reporting the amount of the income.

Please note:

This information is not intended to provide a recommendation on how to structure an interest in U.S. real property.  The final decision must be based on what works best given the specific facts. Any decision must also take into consideration what is important to the investor(s), taking into account their different objectives, risk tolerances and sensitivities with respect to the various issues involving U.S. income tax, estate tax, confidentiality and domicile taxation. Additional treaty benefits may apply depending upon the domicile of the client.  No purchase or investment structure should be implemented based solely on information provided in this article and, in addition, home country tax advice should also be obtained before selection of ownership structure.

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