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US citizens in the UK · Institutions

Which Scottish Widows accounts accept US citizens

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Scottish Widows 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 iWeb (now Scottish Widows Share Dealing) Skip
Brokerage accounts iWeb (now Scottish Widows Share Dealing) Skip
SIPPs Skip

Stocks & shares ISAs

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iWeb (now Scottish Widows Share Dealing)

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iWeb is now Scottish Widows Share Dealing, and it states the bar on the apply page as well as in the contract: you must live in the UK and not be a US citizen or taxpayer. Its pricing is much the cheapest of the three Lloyds brands, at no annual fee and £5 a trade, which makes the refusal more annoying rather than less.

FSCS £85,000 · Halifax Share Dealing trading as Scottish Widows Share Dealing

Source: Scottish Widows Share Dealing ISA apply page and terms, 2026-08-17 Last checked iWeb (now Scottish Widows Share Dealing)'s own page

Brokerage accounts

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iWeb (now Scottish Widows Share Dealing)

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Worth knowing that iWeb is no longer called iWeb. It is now the Scottish Widows Share Dealing Account, run by the same Lloyds business as Halifax, and it carries the same bar: the application criteria require that you are not a US citizen or US taxpayer.

FSCS £85,000 investment cover · online only

Source: Scottish Widows Share Dealing Account application criteria and terms, 2026-08-17 Last checked iWeb (now Scottish Widows Share Dealing)'s own page

SIPPs

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Both of its retail pensions refuse you in writing. The SIPP application requires that you are not a US person, and the ready-made pension goes further by naming the Internal Revenue Service definition, which is a citizenship test rather than a residence one. Worth knowing because Scottish Widows sells direct and looks like an easy route in.

FSCS £85,000 investment cover · runs on Embark and Halifax Share Dealing rather than an insured balance sheet

Source: Scottish Widows SIPP application and ready-made pension key features, 2026-08-17 Last checked Scottish Widows'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

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.