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US citizens in the UK · Institutions

Which Quilter Cheviot accounts accept US citizens

Last checked

Quilter Cheviot has been checked for US citizens across 3 account types. All 3 are open to a US person (all with strings).

If you already have an account with Quilter Cheviot, a second one there is usually the easier application, because Quilter Cheviot 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
Stocks & shares ISAs Accepts with conditions 1
Brokerage accounts Accepts with conditions 1
SIPPs Accepts with conditions 1

Stocks & shares ISAs

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Accepts with conditions
Updated

US persons: a Form W-9 at application, and a £250,000 minimum

Stronger than silence, and worth knowing because so few firms say anything. The application form that opens its ISA asks whether you are a US citizen, US resident, or hold a US passport or green card, and routes a yes to an IRS Form W-9 rather than to a refusal, while its UK terms carry no US person exclusion. That is an onboarding step, not an exclusion. It publishes no US-aware investment service though, so ask how PFICs would be avoided.

FSCS £85,000 investment cover · minimum portfolio £250,000

Account Terms The catch
Discretionary Portfolio Service inside an ISA
Can hold
Discretionary multi-asset portfolios, with no published US-compliant variant, so ask how PFICs would be avoided.
Individual shares
Yes
US-domiciled ETFs
No
 No headline rate is published. The service is described as being for people investing more than £250,000.

Source: Quilter Cheviot private client application form and UK terms and conditions, 2026-09-15 Quilter Cheviot's own page

Brokerage accounts

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Accepts with conditions
Updated

US persons: a Form W-9 at application, and a £250,000 minimum

Its private client application form asks whether you are a US citizen, US resident, or hold a US passport or green card, and sends a yes to an IRS Form W-9 rather than to a refusal. Its UK terms carry no US person exclusion, and its FATCA guidance treats a US person as a client to identify and report to HMRC. What it does not publish is a US-aware investment service, so ask how the portfolio would keep clear of PFICs. Besides discretionary management it runs advisory and execution-only services, each aimed at portfolios from £250,000.

FSCS £85,000 investment cover · minimum portfolio £250,000

Account Terms The catch
Discretionary Portfolio Service
Can hold
Bespoke portfolios of direct shares, bonds and funds. Whether the funds could be kept out of a US person's portfolio is exactly what to ask about.
Individual shares
Yes
 No percentages are published; the fee is quarterly and calculated on portfolio value, covering management, custody and reporting. Minimum £250,000 and currency conversion 0.75%.

Source: Quilter Cheviot private client application form, UK terms and conditions and target market summary, 2026-09-15 Quilter Cheviot's own page

SIPPs

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Accepts with conditions
Updated

US persons: nothing published about US persons, and a £250,000 minimum

Quilter Cheviot has no pension of its own and manages money inside somebody else's, working with a published list of third party SIPP providers. Its private client application routes a US citizen to a W-9 rather than a refusal, but the SIPP version of that form asks the same question with no W-9 route, which it does not explain. Treat the pension as unconfirmed even though the ISA looks accommodating.

FSCS £85,000 · minimum portfolio £250,000 · the SIPP itself comes from a third party

Account Terms The catch
Pension investment management inside a SIPP
Can hold
Discretionary multi-asset portfolios, with no published US-compliant variant.
Individual shares
Yes
US-domiciled ETFs
No
 No headline rate is published, and the SIPP provider sets its own administration charge on top.

Source: Quilter Cheviot SIPP application form and pension investment management page, 2026-09-15 Quilter Cheviot'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

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

Do UK banks report your account to the IRS? Yes, through HMRC, under FATCA. It is a reporting law, not a tax. Where it bites is access.

 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.