UK SIPP Account for US Citizens: Questions, Please...

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UK SIPP Account for US Citizens: Questions, Please...


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Old 26th March 2020, 04:57 PM
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Default UK SIPP Account for US Citizens: Questions, Please...

Hi, all.

I've had a UK workplace pension scheme for several years. I have since moved back to the US and wanted to transfer this account to a UK SIPP for the sole purpose of having more investment options.

I spoke with Halifax first, who told me that because I am a US citizen, they cannot open an account for me and allow me to do the transfer, due to potential tax implications with the IRS.

I then called Fidelity's SIPP department, and they are claiming that they cannot process a Fidelity to Fidelity transfer because I am a US citizen. I explained that I have been a US citizen all along, and then they seemed to change their answer to say that they cannot do it because I am living in the United States now. Does this make any sense? To be clear, I am no longer making any contributions to any UK pension plan nor am I planning to take any distributions anytime soon.

Thank you.

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