SIPPs that allow employer standing order contributions
IanSt
Posts: 366 Forumite
Good evening all,
My employer, who does not have offer a pension scheme, has said that I can pay into one of my own via salary sacrifice. However I have a problem as my current pension scheme will only allow contributions to be via a direct debit and my employer will only allow the contributions to be paid via a standing order (so that they are in full control of how much money is paid out of their account).
I've looked at various schemes websites, trying to find out which would allow standing orders, but this type of information seems to be well hidden, so to help me in my quest I wondered whether anyone had the names of any SIPP firms that they knew would allow payment to be via a standing order.
Thanks for any help
My employer, who does not have offer a pension scheme, has said that I can pay into one of my own via salary sacrifice. However I have a problem as my current pension scheme will only allow contributions to be via a direct debit and my employer will only allow the contributions to be paid via a standing order (so that they are in full control of how much money is paid out of their account).
I've looked at various schemes websites, trying to find out which would allow standing orders, but this type of information seems to be well hidden, so to help me in my quest I wondered whether anyone had the names of any SIPP firms that they knew would allow payment to be via a standing order.
Thanks for any help
0
Comments
-
Hi
I know Talbot & Muir allow standing orders, there are bound to be others, although I would suggest they would be the smaller providers.
The Canny SaverAlways looking for a good deal on my savings, generally risk averse, but always interested in new ideas and new ways of doing things.0 -
Hargreaves Lansdown can't directly take money by standing order but can via cheque periodically. If your employer would pay into a dedicated account with no overdraft facility by standing order a direct debt could be set up to go from that account.0
-
standing order is quite rare to see available nowadays. I would think, as mentioned above, it is likely to be the smaller providers.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
Suffolk Life will take anything. We are currently making one-off payments by CHAPS.0
-
Thanks for the help - I'll have a look into these.0
This discussion has been closed.
Categories
- All Categories
- 342.2K Banking & Borrowing
- 249.8K Reduce Debt & Boost Income
- 449.3K Spending & Discounts
- 234.4K Work, Benefits & Business
- 606.7K Mortgages, Homes & Bills
- 172.7K Life & Family
- 247.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards