SIPP’s

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/82065970#Comment_82065970

You often see the maximum time quoted for adding tax relief as 11 weeks. AIUI a lot depends on the time of the month when you add your contribution.

dunstonh

I do not think any SIPP provider prefunds tax relief.

Many of the intermediary arranged SIPPs pre-fund. But I know you were referring to DIY arranged ones.

kempiejon

I had a Moneyfarm SIPP that prefunded, was administered by Embark.

If Embark always prefund, as they are now part of Lloyds, and I think will be administrators for Halifax, iWeb/ScotWids so those names might prefund, perhaps others know?

kermchem

The timeline with most SIPP providers is that if you pay money in at the start of the month, probably before about the 5th, then they will report it to HMRC. In turn they will give the tax relief to the provider about 20ish of the following month and it will be added to your account within a few days. So it can take as little as 7 weeks, or 11 weeks if you miss that reporting deadline.

retiringin26

https://forums.moneysavingexpert.com/discussion/comment/82066144#Comment_82066144

Check out Halifax (Lloyds), I think they do.

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/82066412#Comment_82066412

It is probably because LLoyds also own Scottish Widows and Embark ( who operate the Halifax SIPP), so they presumably have a group wide policy to pre fund the tax relief .

Also the Halifax brand is disappearing, so it keeps everything in line with The SW/Lloyds branding.

Now Iweb are part of SW as well, maybe they will pre fund ?

Qyburn

Lloyds definitely does. Tax relief is added almost right away, before you even have the option of selecting investment.