Regular SIPP contributions and tax relief

Cee_Kaybe

I'm setting up a SIPP and have a question about regular personal contributions and tax relief.


It looks simple to set up a DD to credit my cash account monthly and then use the platform to automatically invest that cash in my chosen low fee tracker funds. What I can't work out is how to handle the 20% that will turn up in my cash account 6-11 weeks later (according to Interactive Investments).


What’s the best way to automatically invest this 20%? Do people just wait until they have a couple of months’ worth of tax relief before setting the automatic investment to the full value or is there a better way?


Thanks

AlanP_2

Check with the platform / provider but mine, and most I think, will automatically invest it for you in same funds, in same ratios.

Dazed_and_confused

It's actually 25% of the amount you contribute that will turn up

greenglide

But it will only get automatically credited if the regular payments are automatically invested in the first place.


It you just have them going into the cash account then the tax relief will go there as well. If the regular payments are set up to be automatically invested then the tax relief will normally be invested as well.


Which platform are you using? People should know how this is done with specific platforms.

Cee_Kaybe

interactive investments.

ii.co.uk