Do UK tax rules allow you to hold Bitcoin in a SIPP?
Do United Kingdom tax rules allow you to hold Bitcoin in a self-invested pension plan?
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Prudential has a list of allowable investments for their SIPP, though I'm not sure if these are industry standard: www.pruadviser.co.uk/new_pdf_folder/FRPM10011.PDF
Looks like if they consider Bitcoin a commodity, it will probably not be allowed. But the UK is considering regulating Bitcoin as a currency, which means that you may be able to have it qualify under this rule:
Deposit accounts in any currency
with an EEA authorised deposit
taker opened by an appointed
investment manager.
Of course it will be hard to fit those standards. It looks like some countries in the EEA do regulate Bitcoins so you may need to open an account with them.
Yes, you can do this. I have a SIPP with Hargreaves Lansdown and I transferred one of my smaller old GMP pots to start it. I took the £8,000 transfer and put it in the the two XBT BITCOIN ETFs with HL.
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