Best SIPP Provider for £2880 In/£3600 Out within 1 Financial Year?

GunJack

As per the title, need to sort out for Mrs. G-J, so any steer on the provider who makes this easiest to achieve?

NannaH

Hargreaves Landsdown,  no charge for holding cash, everything can be done online and you can either take money monthly or less often,  just leave £100 in otherwise it will close the account.  

molerat

NannaH said:

Hargreaves Landsdown,  no charge for holding cash, everything can be done online and you can either take money monthly or less often,  just leave £100 £50 in otherwise it will close the account.  

Only £50 needs to be kept in.  0.05% paid on cash balance.

You need to pay in by 5th of a month and tax is added on 21st of following month - pay in by 5th Jan and tax is added 21st Feb.

Withdrawals need to be done by post, answer the questions on line and a paper form is received after a couple of days and takes a week to get the money in the bank.  There are a couple of ID hoops to jump through to get the bank account registered but once done and you keep the account open they just pay into the same account each year.  I filled in the on line form on Tues 21st Jun after tax had been added, form arrived Thurs 23rd, posted off Mon 27th, money in bank Fri 1st July.  HMRC are informed immediately.  

Withdrawal timing depends on tax situation, I am BR so pay in by 5th May and withdraw end of June, MrsM has a code which needs to be used at M12 so pays in by 5 Jan and withdraws after 6 March for correct tax to be deducted.

GunJack

Thanks both, I'll look at HL then

NannaH

I’ve done nothing by post,  everything online,  you need to withdraw cash from the website rather than the app.
  All security stuff etc.  can be done by secure message.   I’m currently in the middle of a seemingly endless and complicated transfer ( 7 months now)  and everything is being done online,  even the legal stuff.  They accepted a pdf of my CETV.  

Payment is always 28th of the month for a regular or one off.  

molerat

Drawdown can be done on line, UFPLS can only be done by paper application.

Audaxer

If you are going to draw out the full £3,600 in one go, I think you need to do it via UFPLS, and you have to complete a paper application.