SIPP government top up

jaylockwood1978

Hi all, 
I opened a SIPP with fidelity yesterday and added the £200 I plan to contribute monthly. I’ve divided it equally between two funds that I’ve chosen. 

I know the government will add £50 for every £200 I add monthly. Does this government top up get invested automatically and equally between the two funds I’ve chosen or will I have to do it manually when the money is added in a few weeks?

Thanks
Jay

RudolphHucker

I have a SIPP with AJ Bell and they credit "Tax Relief" to my cash balance. I then choose where I want to invest.

Marcon

jaylockwood1978 said:

Hi all, 
I opened a SIPP with fidelity yesterday and added the £200 I plan to contribute monthly. I’ve divided it equally between two funds that I’ve chosen. 

I know the government will add £50 for every £200 I add monthly. Does this government top up get invested automatically and equally between the two funds I’ve chosen or will I have to do it manually when the money is added in a few weeks?

Thanks
Jay

https://www.fidelity.co.uk/search/?query=When+will+tax+relief+be+paid+into+my+SIPP+and+how+will+it+be+invested%3F&host=www.fidelity.co.uk&referrerPageUrl=