A J Bell - SIPP - Regular payment/investment

DaisedAndConfusled

Hi all,

I've just filled out the forms to set up a regular payment/DD into my A J Bell SIPP. Haven't posted them yet and wanted to understand the process.

Is there a way to set up a regular share purchase or do I have to go in the account each month and manually buy?

If so, it's almost easier for me to make the payment via card each month

Also... it's post tax investment, so I'll get tax relief (basic rate). Anyone know how (roughly) long it takes for A J Bell to request/receive the funds? Is it once a year or monthly?

Sorry for the random questions but I've only paid in a lump sum before now. Just trying to set up something more regular so it's quietly accumulating in the background.

Thanks in advance,

Daisy.

jaybeetoo

https://www.youinvest.co.uk/faq/how-tax-relief-reclaimed-my-sipp-contributions

jaybeetoo

DaisedAndConfusled wrote: »

Is there a way to set up a regular share purchase ......

Yes there is.............

sirarthur

On my SIPP the tax relief is added to the account about 2 months later. If I made a payment that was accepted b the 5th of July, I'll expect the tax relief to appear on the 25th August, if it was paid after the 5th of July it would appear on the 25th September. Hope that makes sense.

NoMore

For my AJ Bell SIPP Tax Relief is added about 6 weeks after the initial deposit.


And yes there is a regular investment option.