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US citizens in the UK · Institutions

Which Barnett Waddingham accounts accept US citizens

Last checked

Barnett Waddingham offers a pension to a US person, with strings.

If you already have an account with Barnett Waddingham, a second one there is usually the easier application, because Barnett Waddingham has already checked who you are. Each account below carries its verdict, the evidence behind it and the date it was last updated.

At a glance

Account type Verdict Accounts Updated
SIPPs Accepts with conditions 1

SIPPs

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Accepts with conditions
Updated

US persons: nothing published about US persons either way, so ask before applying

You can approach Barnett Waddingham yourself, and its key features say all UK residents are eligible with no nationality test. The catch is breadth rather than the door: apply without an adviser and you are held to a single portfolio with one discretionary manager from its panel.

FSCS £85,000 investment cover · apply direct or through an adviser

Account Terms The catch
Flexible SIPP
Annual fee
£295 a year plus £200 to set up without an adviser. A further £525 a year if you use more than one panel provider. All plus VAT
Dealing fee
Nothing from Barnett Waddingham; £25 per cash transfer to a provider off its panel
Can hold
Securities on the London Stock Exchange, AIM or any HMRC recognised overseas exchange, ETFs, funds, investment trusts, REITs, gilts, gold and commercial property. Without an adviser you are limited to one panel discretionary manager, which narrows this a lot in practice.
 Unlikely to suit below £50,000, or below £100,000 for the wider investment range. Work charged by the hour runs from £128 to £327 plus VAT.

Source: Barnett Waddingham Flexible SIPP key features and application, 2026-08-17 Barnett Waddingham's own page

Account names link to the provider's own site. No link on this page is paid. How Momo makes money. Every institution, A to Z.

Confirm your own position with a cross-border specialist. Acceptance policies and tax rules change, and your facts may differ from the general case. Rates and terms here are the provider's published figures rather than an offer, and the provider decides each application on its own criteria. Use this as a map, not a ruling. Last checked .
Tax

SIPP US tax

The US Treasury reads the treaty as leaving UK SIPP growth untaxed until drawn; the treaty's wording is narrower. Contributions, growth and drawdown explained.

 Tax

US-UK tax treaty

The US-UK treaty stops most double taxation, but the saving clause lets the US tax its citizens almost as if it were not there. What survives the clause.

 Tax

Form 3520

A UK pension held in trust can be a foreign trust to the IRS. Rev. Proc. 2020-17 exempts qualifying retirement trusts from Forms 3520 and 3520-A, on conditions.