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An instant way to add cash on Vanguard Investing on SIIP Account
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adindas
Posts: 6,856 Forumite


I am about to add cash on MY SIIP to use my SIIP allowance this tax year. What is an instant way to add cash on Vanguard Investing on SIIP Account. I am already aware about using Debit card to meet Halifax Reward requirement.
For the future use, not necessarily instant, is there any better way of doing it.
For instance to connect it with cashback, etc. I tried using Chase, I did not get cashback.
I just notice they they do not allow people to pay with Credit card, so cashback Credit Card will not work.
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Comments
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There don't appear to be any instant options:https://www.vanguardinvestor.co.uk/need-help/answer/what-payment-methods-can-i-use-to-invest-or-add-cash
For lump sum payments you can pay by debit card or bank transfer and for regular payments you can set up a Direct Debit.
It takes 1 working day for debit card payments to clear, and the payment limit is £99,999.
We do not accept payments by:
- credit card
- cheque
- standing order
- Direct Debits from business accounts
1 - credit card
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Not sure what you mean by instant. I've added money to my Vanguard account today using a debit card and it appeared instantly and is part of this years tax allowance. It might take 24 hours to clear but the money counts when it is added not when it clears.Remember the saying: if it looks too good to be true it almost certainly is.1
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jimjames said:Not sure what you mean by instant. I've added money to my Vanguard account today using a debit card and it appeared instantly and is part of this years tax allowance. It might take 24 hours to clear but the money counts when it is added not when it clears.I probably need to formulate it better. I know you could use debit card and it is instantly credited to your SIIP ac. I have been using Halifax regularly to meet the spending requirement to get £5 cashback. But After exhausting Halifax is there any better way of doing it. I mention about instant as today is the last day to benefit from taxation.But for the future is there anyway to get cashback, no need to be instants in this case. Cashback credit card is out of the equation.0
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adindas said:jimjames said:Not sure what you mean by instant. I've added money to my Vanguard account today using a debit card and it appeared instantly and is part of this years tax allowance. It might take 24 hours to clear but the money counts when it is added not when it clears.I probably need to formulate it better. I know you could use debit card and it is instantly credited to your SIIP ac. I have been using Halifax regularly to meet the spending requirement to get £5 cashback. But After exhausting Halifax is there any better way of doing it. I mention about instant as today is the last day to benefit from taxation.But for the future is there anyway to get cashback, no need to be instants in this case. Cashback credit card is out of the equation.0
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adindas said:jimjames said:Not sure what you mean by instant. I've added money to my Vanguard account today using a debit card and it appeared instantly and is part of this years tax allowance. It might take 24 hours to clear but the money counts when it is added not when it clears.I probably need to formulate it better. I know you could use debit card and it is instantly credited to your SIIP ac. I have been using Halifax regularly to meet the spending requirement to get £5 cashback. But After exhausting Halifax is there any better way of doing it. I mention about instant as today is the last day to benefit from taxation.But for the future is there anyway to get cashback, no need to be instants in this case. Cashback credit card is out of the equation.0
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eskbanker said:Doesn't that depend on the Ts & Cs of whichever card/scheme/offer you're getting cashback from, rather than the merchant you're paying?Stargunner said:Why don’t you just carry on using Halifax?
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