Hi @NCperson and @pk,
Thanks for the information.
What I understand from my spouse is that the employer contribution is taxed (ranging from 10.5 %-39%), the employee contribution goes in after income tax is paid on the salary (so after-tax income) and investment earnings are taxed at a flat rate of 28%.
In this case, since all taxes have been paid already, if I do a lumpsum withdrawal (given spouse has been away from NZ for more than a year), would it suffice to declare this income in US and mention all taxes have been already paid? Or I have to still declare it as credit for foreign taxes paid?
Is there a option to bring in the money without paying any further taxes?
Also, did you get more info from the NZ/USA tax treaty?
Thanks in advance!
