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SIPP provider who will work with expats?

SIPP provider who will work with expats?

Old May 2nd 2007, 2:32 am
  #1  
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Default SIPP provider who will work with expats?

Hi All:

I've been in the US for 9 years now, but I have a reasonable sum (50k GBP) in a UK Equitable Pension which from an investment perspective has been going nowhere fast for a good decade, so I'm investigating moving it.

I've been reading several of the threads here about moving pensions from UK to US and the general advice seems to be be "too complicated ... leave it in the UK but move it to an SIPP for more control"

However, does anyone have any recommendations/experience of SIPP providers who will actually allow a non-UK resident to open an account?

I've also seen mention a couple of times of an "offshore SIPP". What is that exactly and are they a good idea?

Any advice or links to advice appreciated.

Thanks

Jeff
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Old May 15th 2007, 11:54 am
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Default Re: SIPP provider who will work with expats?

Jeff, it might be worth looking at PensionProblems.com
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Old May 16th 2007, 3:03 am
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Default Re: SIPP provider who will work with expats?

Thanks for the referral.

Actually, with a bit of searching on the web there is really a lot of information out there.

In the absence of any response from this board I found a web-site called www.sipp-provider.group.org.uk. They had a list of about 80 sipp providers, so I simply sent an e-mail copied to all of them (a positive use of bulk e-mail I think).

I would guess about 1/4 of them bounced with invalid e-mail addresses, but most of the others replied. Of those that replied a majority said "no problem" with me being non-UK resident. I can't put any more money into a plan, but I can certainly roll over funds from a current pension plan.

So, seems like the whole overseas things is not a big deal, its just the usual question of sorting through the choices to find the provider I like best.

Jeff
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