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Forum: USA

Oct 30th 2025, 11:37 am

Replies: 15

Are UK sipp pensions really exempt from PFIC reporting

Views: 3,857

Posted By Ifrew

Re: Are UK sipp pensions really exempt from PFIC reporting

That would be my reading too. I'm sure Glasgow girl and JLaw will also probably confirm that too. So my thankful for finding this forum.

Cheers
Iain

Forum: USA

Oct 19th 2025, 8:42 pm

Replies: 15

Are UK sipp pensions really exempt from PFIC reporting

Views: 3,857

Posted By Ifrew

Re: Are UK sipp pensions really exempt from PFIC reporting

Just off the phone with HMRC and got the NT tax code also sorted out. Spoke to a double taxation specialist. All they needed to know was that I would be drawing amounts from the pension on a regular...

Forum: USA

Oct 19th 2025, 8:16 am

Replies: 15

Are UK sipp pensions really exempt from PFIC reporting

Views: 3,857

Posted By Ifrew

Re: Are UK sipp pensions really exempt from PFIC reporting

Interesting. I'm still awaiting for the actual letter from HMRC stating the rejection but the person I spoke to on the phone read it out from the notes. They didn't reject it because it came from me...

Forum: USA

Oct 19th 2025, 7:28 am

Replies: 15

Are UK sipp pensions really exempt from PFIC reporting

Views: 3,857

Posted By Ifrew

Re: Are UK sipp pensions really exempt from PFIC reporting

Thanks again. Interestingly though I did the same as you. I took the 25% UK tax free withdrew 100 pounds as income to get a pay slip. Waited 3 months to get the form 6166 from the IRS and then...

Forum: USA

Oct 19th 2025, 4:45 am

Replies: 15

Are UK sipp pensions really exempt from PFIC reporting

Views: 3,857

Posted By Ifrew

Re: Are UK sipp pensions really exempt from PFIC reporting

Thanks for that Glasgow Girl, I'm actually a Glasgow boy!

So this makes my life much easier if I decide to invest. So if I invest in the funds which are PFIC but exempt under this pension...

Forum: USA

Oct 19th 2025, 3:06 am

Replies: 15

Are UK sipp pensions really exempt from PFIC reporting

Views: 3,857

Posted By Ifrew

Re: Are UK sipp pensions really exempt from PFIC reporting

Thanks for replying and formatting your response correctly as opposed to mine!

In total agreement with your opening paragraph regarding manipulation in order to make money which is why I'm here....

Forum: USA

Oct 18th 2025, 9:30 am

Replies: 15

Are UK sipp pensions really exempt from PFIC reporting

Views: 3,857

Posted By Ifrew

Are UK sipp pensions really exempt from PFIC reporting

I just joined this forum and made a comment on a thread about withdrawing pension funds to transfer to to the USA for reinvesting as I was wary that UK Sipp pensions are not exempt from PFIC...

Forum: USA

Oct 16th 2025, 9:47 am

Replies: 36

Withdrawal of UK private pension

Views: 6,357

Posted By Ifrew

Re: Withdrawal of UK private pension

Thanks for the replies. I actually spoke to HMRC after I saw my tax code had changed to 1257L. They said they rejected the NT code application for my flexible drawdowns as the amounts are viewed as...

Forum: USA

Oct 16th 2025, 5:39 am

Replies: 36

Withdrawal of UK private pension

Views: 6,357

Posted By Ifrew

Re: Withdrawal of UK private pension

I wish I had com across this forum earlier as it would have saved me a lot of effort! Currently I have a non DB pension pot that I eventually managed to transfer to a UK SIPP, myexpatsipp, and...

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