SIPP Providers?
Author
Discussion

NordicCrankShaft

Original Poster:

1,929 posts

139 months

Monday 3rd June 2024
quotequote all
I currently have SIPP with AJ Bell. As the sole director, I'm looking to make monthly payments from my small limited company into my SIPP, my invoiced vary month to month so I'm not looking to put a set amount in every month but more a percentage of each invoice.
AJ Bell seemingly won't allow me to do this, once at the end of every month transfer or pay by debit card from the limited company bank account however much it works out at.

Are there any providers out there that will let me make adhoc payments into a SIPP?

Panamax

8,494 posts

58 months

Monday 3rd June 2024
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NordicCrankShaft said:
Are there any providers out there that will let me make adhoc payments into a SIPP?
Pretty much all of them, I'd say.

Panamax

8,494 posts

58 months

Monday 3rd June 2024
quotequote all
...including AJ Bell. Their website says you can make regular or one-off contributions.

NordicCrankShaft

Original Poster:

1,929 posts

139 months

Monday 3rd June 2024
quotequote all
Which I've just tried to do, via debit card but it won't let me. So then I've spoken with a person (not a bot) via their website who has told me if I want to make regular one off payments I need to fill in something everytime that shows where the money has come from and it's legitimate. I haven't got time to be pishing around with that.

ferret50

2,748 posts

33 months

Monday 3rd June 2024
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Given the brewhaha around the forum regarding the forum sponsor....Intelligent Money....you may well be wary of talking to them.

But drop Steve Cooper, Private Clients manager an email.... steve.cooper@intelligentmoney.com ....and have a chat. I, personally have found their entire team helpful and very friendly. Do not think they 'do' debit card payments, but they certainly accept bank transfers.

98elise

31,563 posts

185 months

Monday 3rd June 2024
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Panamax said:
NordicCrankShaft said:
Are there any providers out there that will let me make adhoc payments into a SIPP?
Pretty much all of them, I'd say.
Agreed. In my final years before retirement I was adding to my H&L SIPP from my Ltd. It was always add-hoc lump sums. I don't remember any issues at all.

Mogul

3,060 posts

247 months

Monday 3rd June 2024
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I am doing this with ii.

I could set it up with a Direct Debit but like you, I like the flexibility of varying the amount each month.

The solution is to lodge a one-off employer contribution form with them each month.

Sounds like a ball ache but I have it down to a T as I only need to change the amount and the date each time so I have made myself a pdf with those two fields blank and I just update the two fields save and send via secure message.

They don’t need a wet signature so the whole thing take 5mins max. (but they do take a week to apply the funds to my account it would appear)

modeller

529 posts

190 months

Monday 3rd June 2024
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Can do ad-hoc with both Fidelity and II .
II wanted a form - but only once.

EdmondDantes

351 posts

165 months

Monday 3rd June 2024
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Couldn’t you set up a Direct Debit for the minimum amount per month £20? (depending on their minimum) And then use the card for top ups? I’ve done this with H&L with no issues.

MaxFromage

2,597 posts

155 months

Monday 3rd June 2024
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To confirm, ad-hoc payments are easy with HL and Vanguard.

Burrow01

1,975 posts

216 months

Tuesday 4th June 2024
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I have my SIPP with Charles Stanley, and they had no issues with ad hoc payments, you just needed to notify them when you were going to make the payment.