tag:blogger.com,1999:blog-35325760.post9105433991611402781..comments2020-02-27T19:36:22.144-06:00Comments on Retire To India: Social security for Overseas retireesNigelhttp://www.blogger.com/profile/03851430583418863016noreply@blogger.comBlogger67125tag:blogger.com,1999:blog-35325760.post-22434738764217303362016-07-26T08:46:06.915-05:002016-07-26T08:46:06.915-05:00Is it beneficial to take us citizenship and retire...Is it beneficial to take us citizenship and retire in India or surrender GC and retire in India. I want to know tax advantages or disadvantages in both scenarios.<br />Thanks, very helpful blog.Aajihttps://www.blogger.com/profile/08567329524663920265noreply@blogger.comtag:blogger.com,1999:blog-35325760.post-11873832602170039572016-07-26T08:40:17.777-05:002016-07-26T08:40:17.777-05:00hi,
Do you think taking us citizenship is better o...hi,<br />Do you think taking us citizenship is better or surrendering GC and settling in India is beneficial?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-82183074577146074602016-06-02T15:41:29.509-05:002016-06-02T15:41:29.509-05:00Now in April 2016, Social Security updated their ...Now in April 2016, Social Security updated their section 5 (where countrylist4.html) is posted. They split that as section 5(a) and (b) where 5(a) they clearly said if you are a citizen of one of the countries listed in the chart below (India included) and :<br /><br />a) You are receiving benefits based ON YOUR OWN EARNINGS, and you earned at least 40 credits under the U.S.Social Security system, or lived at least 10 years in the United States; or<br /><br />b) for dependents/survivors (which was there since long).<br /><br />Has anybody noticed this change? This is a real boon expressively mentioned by Social Security. eg. I am on a H1 but worked 2 sessions of 12 years (with one year gap in between) and I am eligible for the social security pension even from India.<br /><br />thx<br />MurtyMurtyhttps://www.blogger.com/profile/06949244829197313532noreply@blogger.comtag:blogger.com,1999:blog-35325760.post-40951108759165660512016-02-25T22:02:15.649-06:002016-02-25T22:02:15.649-06:00I am eligible for my social security later this ye...I am eligible for my social security later this year. I want to move to India to be with the person I love. From what you said I should have my ss benefits deposited into my bank account in America. I also need to know what kind of visa I should get, I want to stay there permanently. Thanksjuanitathomas10https://www.blogger.com/profile/06241496575575715088noreply@blogger.comtag:blogger.com,1999:blog-35325760.post-82826989421744749172016-02-22T14:04:10.285-06:002016-02-22T14:04:10.285-06:00Ashish,
You will not qualify for SS if you worked ...Ashish,<br />You will not qualify for SS if you worked only for 5 years. However, if you are disabled, and can prove to SSA, you will qualify for SS disability benefits, which will be somewhat nominal amount determined by SSA. So, your best bet is to go to a SSA office and check. Whether you will get it if you move to India is again anyone's guess. If you are a US citizen, the answers are clear. Better check with SSA.Sivhttps://www.blogger.com/profile/07851134322294610637noreply@blogger.comtag:blogger.com,1999:blog-35325760.post-87261069915354521062016-02-19T13:53:37.891-06:002016-02-19T13:53:37.891-06:00Hi I like to understand the social security eligib...Hi I like to understand the social security eligibility for a person who is Indian Citizen and was living in US from 5 years met a serious accident and became disabled, the person is returning back to India - is he eligible for any benefit? Ashishnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-78371160986064242152016-02-06T07:55:11.719-06:002016-02-06T07:55:11.719-06:00I am a US citizen (66 years old) moving to Ahmedab...I am a US citizen (66 years old) moving to Ahmedabad in May of 2016 to retire there. No problems with receiving social security; currently it is being direct deposited into my Wells Fargo account in the U.S. However to get a wire transfer to a bank in India will cost $45. I've been looking for a less expensive option to access those monthly payments in India. A Bank of America rep said if I have a B of A account in the U.S., I can retrieve funds from certain ATMs in India. I don't know how much those ATM fees will be. <br /><br />A relatively new company, TransferWise, charges much less than my bank; for example, a $1,500 transfer from a U.S. bank to an India bank would be 0.9% or $13 and change. Sounds like the best solution so far.<br /><br />Any comments? <br /><br />Mattmediatorguyhttps://www.blogger.com/profile/03574347148035403273noreply@blogger.comtag:blogger.com,1999:blog-35325760.post-67435046328493960782016-02-03T14:50:55.435-06:002016-02-03T14:50:55.435-06:00Sashikant,
Get an account in CTI. They have branch...Sashikant,<br />Get an account in CTI. They have branches in India. The US govt wants to know your bank accounts particularly foreign.Sivhttps://www.blogger.com/profile/07851134322294610637noreply@blogger.comtag:blogger.com,1999:blog-35325760.post-54441351738906672222016-02-03T14:13:49.458-06:002016-02-03T14:13:49.458-06:00There are some misconceptions regarding SS. SS is ...There are some misconceptions regarding SS. SS is available to any legal resident of US who had earned an income and paid SS-taxes along with Fed and State taxes. To be eligible, you have to have worked for 10 years (40 quarters) and filed your tax returns. Now, the rest is somewhat complicated. If you reach 66 years of age, you can file with the SSA to collect your SS befits (less Medicare Part A&B and Part D premiums. SSA will deduct these before issuing your check. You can arrange to pay the premiums yourself if you want, but must be paid, whether you will actually make use of Medicare and Part D). If you are in the USA or some few countries, you can have the SS check mailed to you every month. In all other cases, you have to have a US Bank account into which the payments will be deposited directly.<br />Now, if you leave the USA and move to India for good, you are OK if you have the Bank account set up. SSA will not send you your monthly check overseas except into a few other countries. Now, if you are a non citizen, there are complications such as death, which should be promptly reported to SSA so payments will stop. You are expected to file your tax returns no matter where you live. If you and your spouse and children are US citizens, all of the survivor benefits will automatically roll in. For others, it all depends on who is the beneficiary and citizenship status is. One thing is for sure, if you are a GC holder, and stay out of the USA for long, you will lose it, but your SS benefits, if any, will go to the bank as long as you are alive. Lastly, your SS benefit depends directly on how much you earned in the last 4 quarters of your earnings. India does not tax you on US SS payments, but US does.<br />SivadasanSivhttps://www.blogger.com/profile/07851134322294610637noreply@blogger.comtag:blogger.com,1999:blog-35325760.post-25038145864537915612015-10-19T18:00:52.779-05:002015-10-19T18:00:52.779-05:00Hi I'm retired from india from a federal gover...Hi I'm retired from india from a federal government job I'm getting pension there to nd I hv started to receive the social security pension here in new York too does it make any effect or do I need to tell the s si department here too clear the confusion plsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-30786292871767870552015-09-30T12:05:09.329-05:002015-09-30T12:05:09.329-05:00I am US Citizen and currently living in India. I d...I am US Citizen and currently living in India. I do not have any bank account in US.How would I get my SS money?Anonymoushttps://www.blogger.com/profile/17885965210866683935noreply@blogger.comtag:blogger.com,1999:blog-35325760.post-4682879512270179722015-05-23T09:02:31.265-05:002015-05-23T09:02:31.265-05:00Hi!
I'm an indian citizen retired in India ag...Hi! <br />I'm an indian citizen retired in India aged 69 yrs. I have lived in US for 12 years and have paid more than 40 credits of ss. <br />All I want to know that, Am I eligible for ss benefits for retired people and what is the procedure and further requirements. Plzz it's very urgent.Anonymoushttps://www.blogger.com/profile/13042987196588743927noreply@blogger.comtag:blogger.com,1999:blog-35325760.post-6310658152583462462015-03-17T12:58:43.148-05:002015-03-17T12:58:43.148-05:00Hi
I would like some input as well.
I appreciate ...Hi <br />I would like some input as well.<br />I appreciate above comments.<br />My mother - was green card holder. But after 4 she moved back to Albania and kept paying US taxes. She is rounding 40 credits this year. Do you think she will be having any trouble collecting SS.<br /><br />ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-21645003501556664542015-01-20T14:01:20.628-06:002015-01-20T14:01:20.628-06:00As of today (01/19/2015) India is not in the list....As of today (01/19/2015) India is not in the list. You can get only for 6 months if you are not US Citizen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-84148649839871815512014-09-24T02:43:04.877-05:002014-09-24T02:43:04.877-05:00Hi, I have two citizenships. I am getting SS payme...Hi, I have two citizenships. I am getting SS payments in USA. In my european country I have a possibility to get small pension 300 dollars monthly.<br />Will my USA pension reduced_ <br />If YES, what rools exist for such case_<br />Thanks in advance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-34205613705994822692014-08-09T08:11:12.906-05:002014-08-09T08:11:12.906-05:00Hi,
I am an Indian citizen. I lived in USA in the ...Hi,<br />I am an Indian citizen. I lived in USA in the past for more than 20 yrs. I moved back to India. I am back in USA on H1B visa which is current until Sept 2016. I am receiving Soc Sec payment every month for one year. I am planning to return to India to retire and permanently live in India. My question is:<br />Will I continue to get soc sec payment in India indefinitely (till I die) or will it stop after 6 months?<br />Thank you for your reply.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-51373979994472705562014-04-10T18:26:46.559-05:002014-04-10T18:26:46.559-05:00My parents are retire and getting pension from Ind...My parents are retire and getting pension from Indian govt. are they eligiable for SSI. can someone help me.thanks<br />Ramhttps://www.blogger.com/profile/01862135508780826136noreply@blogger.comtag:blogger.com,1999:blog-35325760.post-38997590964322686392013-06-21T08:49:29.045-05:002013-06-21T08:49:29.045-05:00Does anyone have any advice on this last question ...Does anyone have any advice on this last question regarding reporting US social security income in Indian tax return. Status of assessee is RNOR.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-12034626121384821882013-06-13T13:08:59.292-05:002013-06-13T13:08:59.292-05:00As you have stated, US Social Sec income is exempt...As you have stated, US Social Sec income is exempt from Indian tax (for an Indian resident drawing US soc sec) because of the DTAA.<br /><br />However, does the soc sec income still need to be reported in the Indian tax return, and if so how/where (which form, which line), and how does it get excluded from taxable income?<br /><br />Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-58965287651637847252013-04-25T14:22:03.630-05:002013-04-25T14:22:03.630-05:00I am a US citizen (OCI) just started living in Ind...I am a US citizen (OCI) just started living in India. Is my (pretax)401k plan disbursements taxable in India?<br />JohnAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-7307271560654141242013-04-13T18:15:46.327-05:002013-04-13T18:15:46.327-05:00Hi Nigel,
You have many questions. Here's anot...Hi Nigel,<br />You have many questions. Here's another and I hope you can the time to answer. My wife is a former citizen of India. Now holds American citizenship. From what I read, we can get PIO, OCI or even Indian citizenship for myself, her and our child from her old passport by applying here at the consulate in Texas. The question is : Which one would be the best status to apply for tax wise with an income of SS and Oklahoma Teacher Pension ? We want to settle in Pondicherry and put our child in school there at local rates. Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-49113365511023330202013-03-30T15:55:37.870-05:002013-03-30T15:55:37.870-05:00Hi Nigel,
I am a first generation US citizen of E...Hi Nigel,<br /><br />I am a first generation US citizen of European parents; I was born and raised here, am almost 53, and want to retire early to India at 55. I would love to buy some land and build a house on it but I have heard that it is not possible for non-Indians to buy land in India. Is that true, and if so, is it possible to retire in India without having to leave every year for a few months? I have pets I want to bring with me and do not want to shuffle them about every year.<br /><br />Thank you for this great site :)<br /><br />SandyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-463725878308465132013-02-18T06:11:58.926-06:002013-02-18T06:11:58.926-06:00Hello,
I am an Indian Citizen and have worked in ...Hello,<br /><br />I am an Indian Citizen and have worked in US on Visa for more than 10 years continuously without any break and have paid SS regularly.<br /><br />Now I am back in India for good. By reading these blogs i believe i am eligible for SS benefit while in India. Can you please let me know the process. I dont have any US bank account active as of now.<br /><br />Regards<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-42986410835166406022012-10-24T02:45:32.176-05:002012-10-24T02:45:32.176-05:00Hi Nigel,
Brilliant inputs,
I am a US citizen li...Hi Nigel,<br /> <br />Brilliant inputs,<br />I am a US citizen living in India since my childhood. I have worked in India and filed taxes as per Indian taxation laws. I am married to a Indian who is also working here. I along with my husband plan to move to US later and I have a question. How do i go about getting a SS number ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-36808166174628665432012-10-15T15:16:41.012-05:002012-10-15T15:16:41.012-05:00Venkatesh said.....
I am a Social Security benefic...Venkatesh said.....<br />I am a Social Security beneficiary,aged80,Green card holder having bank Account in USA.I am planning to move to India permanantly after some time.What documents I have to produce to local S.S.office before I actually shift? I am aware that I loose my green card after my retirement to India but still my S.S.payments will be continueously deposited in my US bank as usual.Pl. note that I have no other Income in USA.Pl. comment.Venkateshnoreply@blogger.com