When Calculating Overseas Assets, Should Pensions Be Included?

Yes. You should include the value of your foreign pension(s) when calculating your total overseas assets, especially if you’re completing IRS forms such as FBAR (FinCEN Form 114) or FATCA (Form 8938).

Why Pensions Count Toward Your Foreign Assets

Even if you don’t currently receive payments, many foreign pensions represent a vested interest or financial account in your name. The IRS requires these to be included when:

• Determining whether you meet FATCA thresholds (Form 8938)
• Calculating the total for your FBAR filing (if the aggregate value of all foreign accounts exceeds $10,000)
• Disclosing ownership or signatory authority over foreign financial accounts

Learn more about FATCA and expat reporting requirements
Read our guide to FBAR for expats

Your Greenback accountant will review the type of pension you hold and determine the appropriate IRS reporting requirements for your specific situation.

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