It seems the NZ deal is different.
UK /US its not one or the other the agreements I mention. Here is the relevant text. They use a magic formula to reduce SS seems to be a round 10-15%.
A U.K. pension may affect your
U.S. benefit
If you qualify for Social Security benefits from
both the United States and the United Kingdom
and did not need the agreement to qualify for
either benefit, the amount of your U.S. benefit
may be reduced. This is a result of a provision
in U.S. law that can affect the way your benefit
is figured if you also receive a pension based
on work that was not covered by U.S. Social
Security. For more information, call our toll-free
number, [phone number removed], or visit our website,
www.socialsecurity.gov, and get a copy of
our publication, Windfall Elimination Provision
(Publication No. 05-10045). If you are outside
the United States, you may write to us at the
address on the inside cover.
Now the kicker on Medicare.
Although the agreement between the United
States and the United Kingdom allows the
Social Security Administration to count your
U.K. credits to help you qualify for U.S.
retirement, disability or survivors benefits, the
agreement does not cover Medicare benefits.
As a result, we cannot count your credits in the
United Kingdom to establish entitlement to free
Medicare hospital insurance.
So unfortunately a resident / citizen retiring in the US gets hit a few times.
You came up with a truffle, that I've heard about but could not prove. "Private Pensions" cannot be used to reduce SS. Can you provide more info. SS didn't say that to me when they reviewed my SS benefits on my retirement they just asked questions and gave a number and declined to explain the calculation and how ongoing exchange rate s were handled.
Interesting.
So there is no difference on declared income DWP and Private being taxable?
But only DWP impacts SS?
