NS & I Pensioners Bonds – US Citizens Keep Out!

David Treitel
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." 

About David Treitel

About David Treitel

American Tax Returns Ltd is a leading firm of dually US and UK qualified tax advisers which prepares both US and UK tax returns and provides sensible practical “joined-up” American and British tax advice; all for a simple fee agreed before starting. The firm is led by David Treitel, one of the best known dually US and UK qualified tax advisers in the UK who serves at committee level with both the ICAEW and the CIOT, the UKs leading professional accounting and tax bodies.

Clients include people from all walks of life where there is an American connection. The kind of people we take care of is truly diverse ranging from academics, entrepreneurs and expatriate employees to those of independent wealth as well as many who are now retired but find that tax has never quite gone away! While most of our clients are up to date, we can and do frequently handle any worries that come from being behind with tax returns.

We specialise in helping make US and UK tax easily understandable for those in the UK. Tax returns can be complicated, confusing, time-intensive and even a tiny bit scary. With over thirty years of practical experience there are simply no forms that we won’t help you to complete, no questions that we can’t answer and no tax that we can’t help you save. No wonder we are often called “the tax expert’s expert”!

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Tel: 020 3542 6330
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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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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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