Managing Director, American Tax Returns Ltd American Tax Returns Ltd
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NS & I Pensioners Bonds – US Citizens Keep Out!

17th Jan 2015
Managing Director, American Tax Returns Ltd American Tax Returns Ltd
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Hidden in the small print, but really important for anyone who happen to be a US citizen or green card holder is a rule that will affect tens of thousands of long-term UK residents. Anyone who fits into either of these categories is simply not allowed to invest in the new NS & I 65 + Guaranteed Growth Bonds, because buried in the small print is a statement that these bonds cannot be "purchased by a person, or on behalf of a person, who is either a US citizen and/or a US resident for tax purposes." 

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By ShirleyM
18th Jan 2015 09:06

That's fair enough

As the interest on these bonds is being subsidised by the UK taxpayer then all foreign investors should be excluded.

A cynic would say this is just a pre-election bribe for wealthy pensioners.

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Replying to lincolnartist:
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By David Treitel
21st Jan 2015 21:24

Americans in the UK; take heed!

ShirleyM wrote:

As the interest on these bonds is being subsidised by the UK taxpayer then all foreign investors should be excluded.

A cynic would say this is just a pre-election bribe for wealthy pensioners.

The UK has a population that includes several hundred thousand UK citizens who are resident in the UK but also happen to be US citizens.  Many of these fine folks could feel aggrieved at being excluded.

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