Holding foreign currency in a SIPP

[Benson]

Please can you build a feature for holding foreign currency in a SIPP? Many brokers offer this as standard and I regret moving to Freetrade as this was not disclosed when I enquired.

I will consider switching to another broker if this isn’t going to be a new feature soon.

[RumNCoke (Samantha Eaton)]

Hmm much like an ISA a SIPP is a tax efficient wrapper and I heavily doubt holding other currencies is permitted.

I’m happy to stand corrected

[rehpot]

I think I’m right in saying you can hold foreign currencies in a Sipp but not an Isa.

The former tend to be more liberal. For example, you can buy stocks like PDD in a Sipp which are not eligible to be held in an Isa.

[TInvest]

You can hold foreign currency in a SIPP. Or at least, it is permitted generally as part of SIPP rules - some brokers allow it, some don’t.

[Digital-Invester]

@TInvest

foreign currency

Are the held foreign currencies still protected under the Financial Services Compensation Scheme?

[WolfofWS]

@Benson

holding foreign currency

[Feature Request ] Multi-currency accounts

Interactive Investors (ex-TD direct) offer multi-currency account for their normal trading accounts and SIPP, except ISA of course as GBP is the only currency allowed. So, if you want your service offering to be if not always disruptive, at least competitive, you must offer at the very least the same. As a result, in a world of Interactive Investors and Revolut, not offering multi-currency accounts makes you an uncompetitive disrupted, not a disruptor…and the same goes for your 0.5% FX spread co…