How to set up Direct Debit contributions to your SIPP
The following instructions are for making net personal contributions when you have available annual allowance (ii will claim the basic rate of tax relief on your behalf).
If you would like to set up a gross contribution Direct Debit (ii will not collect any tax relief on your behalf), please download and complete the ii SIPP contribution form.
- Log into your online account and select cash & transfers > direct debit.
- Select your SIPP account and then click Set up Direct Debit.
- Click Next to confirm you are making a ‘personal net contribution’ which will receive tax relief.
- Enter and confirm your details, choose how much you wish to pay in each month and the start date for your Direct Debit. Then click Next.
- Check the details displayed are correct and then click Next.
- Tick to confirm you have read the ii SIPP contribution declaration and then Confirm.
What's next?
- Your payment will be requested from your bank account on the 12th of each month. The cash will be credited to your ii account on the same day.
- We will claim basic rate tax relief (20%) for you. It usually takes 6-11 weeks to receive the tax reclaim from HMRC.
- You can claim higher-rate tax relief via your own annual tax return.
- With regular investing, you can buy investments monthly without trading fees.