Financial Times FT.com

Sipps tax credits tempt Americans

By Ellen Kelleher

Published: March 14 2009 02:00 | Last updated: March 14 2009 02:00

The take-up of self-invested personal pensions by Americans living in the UK is on the rise as investing via these vehicles offers a way to claw back excess taxes paid to HM Revenue & Customs.

The advantage of buying investment funds via Sipps is that they offer the chance to make use of foreign tax credits accumulated during the years in the UK against US income tax.

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