Government contributions

Notepad_Phil

swleventhal said:

dunstonh said:

The provider will submit their data to HMRC typically around the same time of each month and there is a deadline in the month to make the next run.

The reason I'm interested is that with II you get a free regular trade each month. I know how much my own regular contribution is each month and when it will go into the II account. However I obviously want that regular trade to include the tax topup. If I don't know when that will hit my ii account each month, then it means I will have to do lots of adhoc non regular investments (for each HMRC tax topup) which may potentially cost me to do - although you are allowed one free investment each month with ii.

From my ii experience, topups appear every month once they've started and arrive on the same day give or take a day or so, so it's only the first few contributions that will miss the topup and then once you've started to receive them you'll be able to trade the full amount - though you may want to keep a suitable buffer just in case a tax relief contribution doesn't arrive in time.

The ii SIPP FAQ says that they arrive on or around the 25th - my experience is that they actually arrive a day or two earlier.