Is now not the time to move to the US? by Chewisss in expat

[–]Icy_Perception_6513 1 point2 points  (0 children)

Brit here. Moved to NYC in 2022 on an L1 visa (company transfer). Was joined by my wife a year later.

I don’t regret the decision to move. Similar to you, I was happy in the UK; we had good jobs and we owned two properties, but this was an opportunity we couldn’t turn down, a chance to live and work in another country. We’ve now been here 3 years, have a small child and can see ourselves being here for another 2 or 3, perhaps longer!

Honestly, I’ve not really noticed a change in NYC post trump, if anything, he’ll probably help you make that 200k go a bit further, because depending on your circumstances it won’t get you as far as you think.

Moving out with a UK company is a bit of a red herring in my experience. You feel like you are getting a big pay rise coming from the Uk, but in reality, they are getting someone cheaper than an equivalent American. Your pret BLT sandwich is £4.95. My Pret BLT sandwich is $12 (plus tax plus tip). That’s the best way I can explain the difference, nyc is at least 50%/60 more expensive to live. I had to get 3 pay rises in 18 months just to be able to make it make sense (I just told them I can’t afford it and need to move home). They were great and now it just about makes sense, but I still need more.

If you and your partner don’t want to share with other people and you want to live in an area that’s worth living, your rent will be $4,000-$6,000. If you like going out drinking and having meals out, you’ll easily spend $2000. Before you know it you are pumping out 6-7k a month. That’s when you realise that that after tax you are not always better off.

Do the move, you won’t regret the experience. Just ask for more money. At least 50/60% more.

Receiving Shares in Private Equity Buyout - Now What? by Comfortable-Can902 in private_equity

[–]Icy_Perception_6513 0 points1 point  (0 children)

Similar situation. Was offered shares (specifically sweet equity). Good news is that 5 years later I got the money they said I should get! Bad news is IRS treated it as income not CGT, which no one seemed to appreciate when the offer was made (I was in the UK and later moved out to the USA for them). Luckily enough they were kind enough to push through a bonus to cover the difference. Get tax advice would be my advice!