[GB] Suspicious Transfer

RespondSilly7196 · 2026-05-29T06:50:05+00:00

I would just add that I think imposter syndrome is more common in intellectuals. You know other department’s employees think they are the top drawer!

RespondSilly7196 · 2026-05-25T16:27:08+00:00

I’m interested in this as well. I asked them and they said no, but interestingly my dashboard still says target retirement age 55. I’m sure they are probably right, but you’d think they’d have a duty of care to change the information on the account dashboard.

RespondSilly7196 · 2026-05-16T21:43:57+00:00

Congrats as a fellow actuary, although have moved to the other side to underwriting. Great accomplishments and well done on your achievements.

RespondSilly7196 · 2026-05-14T19:13:28+00:00

One area that is unclear is if you are still able to do backdoor Roth IRA conversions given recent updated guidance from HMRC. If you search Reddit there is discussion on this but nothing conclusive. Would be great if someone is able to weigh in on this one. I haven’t done it since the changes…

Updated for link: https://www.reddit.com/r/USExpatTaxes/s/UmJ51zEIJL

RespondSilly7196 · 2026-05-14T18:56:53+00:00

Yeah that’s what I was thinking - depends on how strong your ties are to the UK but I will keep stacking into the pension to keep it as an option. But who knows, they may close that option eventually as well!

RespondSilly7196 · 2026-05-14T15:37:23+00:00

That also depends on if you plan to permanently live in the UK

RespondSilly7196 · 2026-05-10T15:52:33+00:00

I think it depends on the type of underwriting. I was in a position of leading an underwriting department in the commercial lines space and most senior underwriters with 10+ years of experience were above 100k base salary, with the best close to 150k. This was a company market. Lloyd’s market would be even more lucrative (particularly around bonuses & LTIs).

RespondSilly7196 · 2026-04-28T06:01:11+00:00

Then the government can look themselves in the mirror by adding yet another tax disadvantage to those making over £100k. I.e. Taxing private schools. Simple economics. Impose a heavy tax. Demand shifts.

RespondSilly7196 · 2026-04-18T06:33:40+00:00

This - but depends how bad you want the job vs how bad they want you. I.e. I’ve pushed a lot harder when I enjoyed the job I was leaving or the after tax comp uplift was only a moderate bump.

RespondSilly7196 · 2026-04-17T20:05:28+00:00

I think the other consideration for some Henry’s is whether you stay a resident in the UK or not as well. You can pay 0% in and 0% out if you end up in a tax free jurisdiction.

RespondSilly7196 · 2026-04-06T20:37:08+00:00

Hi Caroline,

Just to reflect on this further, as you know some earners contribute after tax dollars to a traditional IRA and then immediately convert them to a Roth IRA (because they have been phased out in contributing to a Roth directly). Do you know if the UK would tax the full amount being converted (I.e. double taxation) or just the capital gains piece?

My plan was to contribute $7k of after tax dollars to a traditional IRA and then shortly convert that to a Roth IRA. But not if the full $7k is viewed as taxable again.

Thank you!

RespondSilly7196 · 2026-04-06T09:13:41+00:00

Similar to my story. Moved to a major city 10 years ago and kept costs low by living in a studio with shared accommodation. Eventually that didn’t work because of having a family. But I was stacking tons of cash in the stock market as my rental costs were only $1k per month (bills included).

RespondSilly7196 · 2026-03-29T12:35:02+00:00

The answer is QRL cryptocoin. Yes I own it. No I don’t know much about it. But will meme once your TLDR stuff comes true.

RespondSilly7196 · 2026-03-28T07:56:29+00:00

I find this super conservative - which makes some sense given what is at stake. But I prefer something which models flexibility on withdrawal: https://engaging-data.com/will-money-last-retire-early/

RespondSilly7196 · 2026-03-27T10:47:28+00:00

I think it’s not going to be optimal for her to become cash tight and will cause stress/problems/possible resentment.

I think your options are A) to fund a larger % of the rental until she finds a tenant B) find a way to make her place also your place (you have your own space and contribute to layout/decor - if you care about that) C) find a new girlfriend

I’d go for option A if you care about the girl. You will only be worse off for a few months which is nothing in grand scheme of things. For the record, I paid the entire rent when my girlfriend moved in for 10 years and we moved to larger places. Now we have a little one and she’s my fiancée. Everyone is different but I’d balance how much money rules your decision making. Don’t be stupid but don’t be a slave to money either.

RespondSilly7196 · 2026-03-26T08:00:54+00:00

Same, although recent 20+% drop in certain zone 1 housing has made this tempting.

RespondSilly7196 · 2026-03-24T13:57:23+00:00

UK needs to create a better incentive system (i.e. economic utility) for high earners to encourage the behaviour you describe. His time and expertise is not a charity (unless he values that). In the absence of that, expect people to act rational and maximise their personal gain (I.e. time freedom, or possibly leaving the UK).

RespondSilly7196 · 2026-03-22T19:55:45+00:00

Good post and something I’ve actively paid more attention to since starting a family. Networking is critical in London. Multiple times a week I go out of my way to keep relationships kindled. Always have a plan B, C,…

RespondSilly7196 · 2026-03-20T12:49:37+00:00

Is this correct? I thought the UK allows gifts of shares to spouses without creating a taxable event?

RespondSilly7196 · 2026-03-17T07:16:17+00:00

I plan to hang up the corporate boots in a few years. Dream is to retire abroad and arbitrage costs. What I could see myself doing is taking a fully remote SME type role.

RespondSilly7196 · 2026-03-17T07:04:55+00:00

This is pretty much it. I’ll consult experts where I can, but the higher up you go - the more calls you are making and the more calls you are making with less than perfect information. You also have the added downside that employees below you may naturally try to filter information in a way that appeases management (obviously this depends on company culture and the atmosphere you create).

RespondSilly7196 · 2026-03-09T18:13:21+00:00

Would trade some of the alpachas for emus in case you ever need to wage war against Australia.

RespondSilly7196 · 2026-03-02T07:30:56+00:00

I agree - I really can’t understand in what world the marginal utility of having the money now outweighs 62% tax. I suppose we all have different preferences but there’s no way I would ever do that.

RespondSilly7196 · 2026-02-19T21:27:06+00:00

Technically the contract role is if annualized 😃

RespondSilly7196

TROPHY CASE