We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

SIPP that allows share or fund buying after leaving the UK?

Options
1235»

Comments

  • muze77
    muze77 Posts: 17 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    edited 26 August 2021 at 10:36AM
    If Fidelity decided they were going to be consistent between listed investment companies and retail financial instruments, they'd ban non-UK residents from trading all of them. So it is to the investors' advantage that they are being inconsistent. The option of being consistent the other way would risk prosecution so is not on the table.
    I do not understand this quote. It is Hargreaves who still allows some trading. Fidelity does not, at least not according to their terms. If you know differently, please let us know!
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Apologies for not paying attention. Fidelity are the ones being consistent, Hargreaves are taking advantage of the inconsistency in the rules between mutual funds whose shares are traded on an exchange and mutual funds whose shares are not traded on an exchange but created and extinguished at will as investors buy-in and cash-out.
  • X-O/Jarvis SIPP allows buying and selling ETFs for non-UK residents with the money already within a UK pension system.  It does not allow transfers of new earnings into the SIPP unless you are a UK resident for tax purposes.
    Do they allow buying and selling of UK listed shares in money already held in a ISA or share account?
  • peterpies said:
    X-O/Jarvis SIPP allows buying and selling ETFs for non-UK residents with the money already within a UK pension system.  It does not allow transfers of new earnings into the SIPP unless you are a UK resident for tax purposes.
    Do they allow buying and selling of UK listed shares in money already held in a ISA or share account?
    Don’t know, sorry. I only have a SIPP with them. 
  • peterpies said:
    X-O/Jarvis SIPP allows buying and selling ETFs for non-UK residents with the money already within a UK pension system.  It does not allow transfers of new earnings into the SIPP unless you are a UK resident for tax purposes.
    Do they allow buying and selling of UK listed shares in money already held in a ISA or share account?
    Don’t know, sorry. I only have a SIPP with them. 
    Thanks for the reply.

    Will fire them an email tomorrow and ask. If they allow you in a SIPP, they should on other accounts, hopefully.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.