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Best International SIPPs for Expats and Non-UK residents Best International SIPPs for Expats and Non-UK residents

Best International SIPPs for Expats and Non-UK residents

Last updated: 11 November 2024 at 21:44

SIPPs and International SIPPs introduction

International SIPPs are UK based pension schemes which are designed for people who no longer live in the UK, primarily British expats. Much like regular SIPPs, international SIPP providers must be regulated by the FCA. While there is little difference between regular SIPPS and International SIPPS, an international SIPP may offer wider currency options as well as access to more international investment opportunities.

To learn more about SIPPS and options for expats, please read our article: SIPPs explained for British expats

When you no longer live in the UK, there may be other investment options available to you, while there also might be different tax treatments in your country of residence.

SIPPS may offer significant cost savings, as with any pension and retirement planning it is vital that you know what you are doing before proceeding with any major financial decisions. If you are considering transferring a pension into a SIPP, especially if you live abroad, it is our recommendation that you always seek formal advice from a qualified professional to ensure you have all the information available.

We have compiled this list of International SIPP providers, but this list does not act as a recommendation or advice. We recommend using our free introduction service before making any decision before opening an International SIPP account.

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Invinitive SIPP

Invinitive were created in 2023 to provide people, including expats, with simple, easy to access SIPP with low fees. Invinitive is an investment management business, who provide the tools to help individuals, their families and advisors manage their investments to meet their financial needs and aspirations.

Key facts

  • Simple fees and pricing structure
  • Requires IFA to create account
  • FCA Regulated (FRN 964301)
  • Currency options including EUR, GBP and USD
  • UK, European and US Equities
  • ETFs
  • Mutual funds, UCITS and Investment Trust

Fees and charges

  • SIPP Cost
    Accounts over £50,000 charged at £150pa
    Accounts under £50,000 are free
  • Platform fees pa
    0.25% up to £400
  • Trading charge
    £7.65 per trade
  • Withdrawal fee per transaction
    BACS: £15
    Chaps: £25

MES Essentials SIPP

The MyExpatSIPP service enables expats and non-UK residents to stay in control of their UK pension and investments from anywhere in the world, without having to use a Financial Advisor. The platform allows you to transfer a single pension or combine multiple pensions into the easy to manage online SIPP account with complete control over how your pension is invested.

The MES Essentials SIPP has lower fees but has only one investment option (Vanguard SustainableLife 60-70% Equity Fund) but you can start investing from £35,000.

Key facts

  • FCA Regulated (805568)
  • Minimum of £35,000 investment
  • Only invest in Vanguard SustainableLife 60-70% Equity Fund
  • Low fees
  • Multiple currency options including USD, AUD, EUR and GBP

Fees and charges

  • SIPP Cost
    £350pa
  • Platform fees pa
    0.3%
  • Trading charge
    No fees
  • Withdrawal fee per transaction
    No fees

MES SIPP

The MyExpatSIPP service enables expats and non-UK residents to stay in control of their UK pension and investments from anywhere in the world, without having to use a Financial Advisor. The platform allows you to transfer a single pension or combine multiple pensions into the easy to manage online SIPP account with complete control over how your pension is invested.

The MES SIPP has has a higher minimum investment of £50,000, slightly higher overall fees and a wider range of investment options.

Key facts

  • FCA Regulated (805568)
  • Minimum of £50,000 investment
  • Multi currency investments and cash
  • ETFs & Investment Trusts
  • Unit Trusts and OEICs (Mutual Funds)
  • Multiple currency options including USD, AUD, EUR and GBP

Important Facts

  • SIPP Cost
    £425pa
  • Platform fees pa
    0.35% up to £1m
    0.20% over £1m
  • Trading charge
    No fee
  • Withdrawal fee per transaction
    No fees