Does it make sense for me to invest in a 401K in the US, given that I will probably move back to the UK in 3 to 5 years and, as I understand it, will not be able to transfer it to a UK equivalent without tax and penalties etc? My company already pays into a 401K but I'm not contributing at the moment.
Or would it make sense to keep not contributing and just stick it in a mutual fund?
I also have a UK pension with my employer (same employer) which is currently frozen and I assume I would continue on my return.401K advice for UK citizen on L1 Visa in US?
By all means, contribute to a 401K, especially if your company gives a match. Even if you move back to the UK, you can still leave your money in the 401K in the US.
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US L1 Visas is the American equivalent of the UK ICT or Intra Company Transfer visa allowing an employee of a foreign company to migrate to the US in order to set up a new branch, office or subsidiary of that company
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