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US citizens in the UK · Institutions

Which IPM Personal Pensions accounts accept US citizens

Last checked

IPM Personal Pensions offers a pension to a US person.

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

At a glance

Account Verdict Last checked
SIPPs Opens

SIPPs

Compare with other providers
Opens

The clearest yes on this page, and the only provider that names you outright: IPM lists Americans working in the UK with UK pension funds as a category it serves. It runs SIPPs in dollars as well as sterling and works with investment managers regulated on both sides who understand the PFIC problem UK funds create. The condition is a sensible one rather than an obstacle: it will not take a US client without a US tax adviser of your own appointed alongside.

FSCS £85,000 investment cover · direct in some cases, usually adviser introduced

Account Terms The catch
IPM SIPP
Annual fee
£580 a year plus VAT, with nothing to set up
Dealing fee
Nothing from IPM; your stockbroker charges its own
Can hold
Shares and securities on a regulated venue, funds, investment trusts, REITs, gold and UK commercial property. Investments and benefits can be held and paid in currencies other than sterling, including dollars.
Individual shares
Yes
 An investment administrator must be appointed. Non-standard assets cost from £600 plus VAT. IPM says it will accept a non-advised client in some circumstances.

Source: IPM guidance on clients with a US connection, 2026-08-17 Last checked IPM Personal Pensions's own page

Account names link to the provider's own site. momo has no active affiliate partnerships; if that changes it will be disclosed and will never change a verdict. 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 treaty generally lets a UK SIPP grow tax-deferred for US purposes, but the protection has limits. How the US treats contributions, growth and drawdown.

 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.