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Foreign Pension Disclosure
I will start receiving a pension next year from a company that I worked for in the UK over 20 years ago. I didn't even know I was eligible until a few weeks ago when I got a letter from them notifying me of such. It's not a pension I contributed to, it's a defined benefit plan. My questions are:
1. Do I need to disclose this pension on a form 3520 or 8938? I'm not familiar with these forms or how a defined benefit plan works.
2. How do I determine a value for the pension when if I'm not receiving benefits yet and have no account statement to make a determination.
Thank you
March 15, 2023
7:48 AM