You need to open a SIPP with a broker that deals in Canadian shares. I use www.epml.com as a SIPP provider and www.sucden.co.uk as a broker. You can trade just about anything under the sun in a SIPP, definitely anything listed on on any stock exchange in the world.
If your company makes a 5% contribution to a pension, it most likely makes it to a set provider, not to the SIPP of your choice. What you need to do is wait for a while until the employer contribution has built up some fund with the provider, and then transfer the funds to your SIPP. You have a legal right to transfer your pension fund to any other provider or SIPP at any time, and nobody can stop you from that. Employers will normally say they will only pay into the plan provider by their chosen provider, but nobody can stop you from transferring afterwards. I sweep my Standard Life pension account clean once a year and transfer it to my SIPP.
Thanks very much for that. It looks like an excellent strategy.
Canadian Energy & Income Trusts ((Merged thread))
in Energy: Oil, Coal, Uranium etc.
Posted
Thanks very much for that. It looks like an excellent strategy.