One-off lump sum employer pension contribution by DD

[ruasonid]

Want to make a payment online to my SIPP which is with HL. Can't seem to find how to do this other than via a paper form. Has anyone made a contribution via online transfer/DD?

[Fred Bloggs]

I believe you can only make MyCo contributions by DD as a monthly payment. You can make lump sums by debit card, but that might only be for personal contributions. I always made MyCo payments by cheque for lump sums, in addition to a monthly DD.

[ruasonid]

Thanks, looks like I have to "download an employer contribution form". A paper form plus a paper cheque.

[Fred Bloggs]

Thanks, looks like I have to "download an employer contribution form". A paper form plus a paper cheque.

Yes, that is about it. It might be worth a quick call to the SIPP help line, they are very helpful and will tell you if an electronic one off transfer is doable. Nothing to lose.

[mudskipper]

I never do a form - just a letter and a cheque, which I bung in one of the prepaid envelopes that they're always sending me.

[Fred Bloggs]

I never do a form - just a letter and a cheque, which I bung in one of the prepaid envelopes that they're always sending me.

Now you mention it, I have done that too.

[56samba]

You can bank transfer in Employer contribs. From a pdf on SIPPs I got from HL:

1. CONFIRM THE DETAILS OF THE
TRANSFER
Before making the payment, please send us the
following details:
• Your name, address and client number or
National Insurance number
• The amount being transferred
• Whether it is a personal contribution (for
which we will claim tax relief from HMRC),
or a contribution made by your employer
• If a personal contribution, please also
confirm the funds are from an account held
in your name or joint names
• If an employer contribution, please also
include the company name and registered
address and confirm the funds are being drawn
from an account in the name of the company

[ruasonid]

You can bank transfer in Employer contribs. From a pdf on SIPPs I got from HL:

1. CONFIRM THE DETAILS OF THE
TRANSFER
Before making the payment, please send us the
following details:
• Your name, address and client number or
National Insurance number
• The amount being transferred
• Whether it is a personal contribution (for
which we will claim tax relief from HMRC),
or a contribution made by your employer
• If a personal contribution, please also
confirm the funds are from an account held
in your name or joint names
• If an employer contribution, please also
include the company name and registered
address and confirm the funds are being drawn
from an account in the name of the company

That is very helpful, thank you.

[Scrag Meister]

MyCo makes one off annual contribution to my pension via online banking but has to be backed up by paperwork as well, confirming amount,source etc..

[billridley]

I make regular monthly manual bank transfers to my HL Sipp and follow up each one with an email from my company asking HL to accept for my employee. I made a request to set this up via the HL helpdesk