I am a US expat living in Dubai UAE. My employer has a mandatory provident retirement scheme. It's held in a foreign trust offshore on the Isle of Man. I report it on the FBAR every year. Is there any other tax consequences? I am 75% vested and after 7 years 100% invested.

Foreign Defined Benefit Pension

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Tax Professional Answers

Chuck Heyde, CPA, CGMA

You might also want to report it on the new Form 8938.

Chuck

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David McKeegan

Also, from the sounds of it, Form 3520/3520a may also be needed in your situation. This form reports ownership of a foreign trust.

Let me know if you have any further questions!

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I am a US expat living in Dubai UAE. My employer has a mandatory provident retirement scheme. It's held in a foreign trust offshore on the Isle of Man. I report it on the FBAR every year. Is there any other tax consequences? I am 75% vested and after 7 years 100% invested.

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I am a US expat living in Dubai UAE. My employer has a mandatory provident retirement scheme. It's held in a foreign trust offshore on the Isle of Man. I report it on the FBAR every year. Is there any other tax consequences? I am 75% vested and after 7 years 100% invested.

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