The PFIC-Proof Portfolio

Thousands of US citizens and Green Card holders in the UK and EU are investing in ISAs, offshore funds, or pensions—without realising the IRS may treat these as PFICs or expose them to double taxation. Sound familiar?

Here’s the problem:

✅ UK tax wrappers ≠ US tax efficiency

✅ Most non-US funds = PFICs

✅ “Tax-free” in the UK ≠ tax-free in the US

PFICS, or Passive Foreign Investment Companies, trigger punitive tax treatment (up to 37% plus interest charges) and complex annual reporting via Form 8621. You also need to consider FATCA and FBAR reporting, if your pension is protected, and if the funds used have HMRC fund reporting status.

I've worked with transatlantic professionals who needed a portfolio as globally mobile as they are, which is PFIC-free, IRS-compliant, and optimised for both HMRC and Uncle Sam.

Let’s talk if you want clarity across two tax systems without sacrificing performance.

#USexpats #USTax #CrossBorderFinance #PFIC #UKInvesting #FinancialPlanning