Backed by more than a decade of experience as an independent financial advisor, Bradley Hamilton joined the New York City financial management firm, Blacktower, in 2017. In this role, Bradley Hamilton specializes in pension plans for UK nationals residing in the United States.
One pension vehicle that is commonly used by UK citizens overseas is the self-invested personal pensions (SIPPs). SIPPs are a portable investment plan that allows account holders to invest in diverse assets, including international stocks and investment trusts.
SIPPs are available to UK residents under 75 years old. Money invested in a SIPP cannot be accessed until the account holder is 55. Parents can start a special type of SIPP account for minor children. These accounts have the same age restrictions.
SIPPs are most attractive to people looking to have more control and choice over their investment options. Since the account holder is responsible for investment decisions, SIPPs are mainly recommended for knowledgeable investors. Additionally, since UK nationals employed in the U.S. can transfer contributions from U.S. pension plans into a SIPP tax-free, they are an ideal vehicle for expats.
Bradley Hamilton 