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US citizens in the UK · Institutions

Which Canada Life accounts accept US citizens

Last checked

Canada Life has no pension you can open yourself, whatever your nationality.

At a glance

Account type Verdict Accounts Updated
SIPPs Not offered —

SIPPs

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Not offered
Updated

Nothing to open. Canada Life closed its personal pension, The Retirement Account, to new business with immediate effect in January 2024, and its remaining retirement products are sold only through independent financial advisers.

Closed to new business since January 2024 · adviser only

Source: Canada Life announcement on closing its personal pension to new business, 2026-08-17 Canada Life'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.