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US citizens in the UK · Institutions

Which Nutmeg (J.P. Morgan Personal Investing) accounts accept US citizens

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Nutmeg (J.P. Morgan Personal Investing) has been checked for US citizens across 3 account types. All 3 are closed to a US person.

At a glance

Account Verdict Last checked
Stocks & shares ISAs Skip
Brokerage accounts Skip
SIPPs Skip

Stocks & shares ISAs

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The terms do not provide portfolios or services to US persons. The clause after it is the worse one: you must tell them if you become a US person, and they may then end the agreement and close your products. Everything here is a managed portfolio of pooled funds, so there would be no individual shares to fall back on.

FSCS £85,000 investment cover · app and web

Source: J.P. Morgan Personal Investing terms, sections 1.2 and 1.3, 2026-08-17 Last checked Nutmeg (J.P. Morgan Personal Investing)'s own page

Brokerage accounts

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A general account is one of the products and the terms are flat: it does not provide portfolios or services to US persons. The clause that reaches forward is worse than the refusal, warning that if you become a US person it may sell your investments and withhold cash against US withholding tax.

FSCS £85,000 investment cover · app and web

Source: J.P. Morgan Personal Investing terms, clauses 1.2 and 20.6, 2026-08-17 Last checked Nutmeg (J.P. Morgan Personal Investing)'s own page

SIPPs

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The terms say it does not provide portfolios or services to US persons. Worse than a refusal at the door, they also require you to tell it if you become a US person, after which it may close your products and end the agreement.

FSCS £85,000 investment cover · app and web

Source: J.P. Morgan Personal Investing terms, 2026-08-17 Last checked Nutmeg (J.P. Morgan Personal Investing)'s own page

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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

PFIC

Almost every UK-domiciled fund is a PFIC, taxed by the US at punitive rates with heavy filing. This is why US citizens hold individual shares, not UK funds.

 Tax

ISA US tax

The IRS does not recognise the ISA wrapper. Cash ISA interest and stocks ISA gains are taxable on your US return, and fund holdings drag in PFIC rules.

 Tax

FATCA

FATCA makes UK banks report accounts held by US persons to the IRS. It is not a tax; it is a reporting trail. Where it bites is access.

 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.