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US citizens in the UK · Institutions

Which LV= accounts accept US citizens

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LV= does not offer a pension to a US person.

At a glance

Account type Verdict Accounts Updated
SIPPs Declines US citizens —

SIPPs

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Declines US citizens
Updated

LV= writes the citizenship test into its eligibility list: to open the Pension Portfolio you must not be a citizen or resident of the United States, which catches a US citizen living here. It is normally sold only through a financial adviser in any case.

FSCS £85,000 investment cover · runs on the Embark platform · adviser sold

Source: LV= Pension Portfolio key features, April 2025, read 2026-08-17 LV='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.