Reply to: One-off lump sum employer pension contribution by DD

[nozmeister]

Fidelity functionality now gone and you need to fill in a form and post cheques to them.

Quality.

[BR14]

Fidelity have had this functionality for a couple of years.

[barrydidit]

The company contribution thing has gone

Apparently they're having trouble with card payments. IT are looking at it. There is no ETA for resolution.

[mudskipper]

I'm sure there was a more recent thread about this topic, but I can't find it...

I've just made an online card transaction to deposit employer funds into a HL SIPP. I'm certain this is new functionality. Use MyAccounts>SIPP>AddMoney and there's now a 'What type of contribution would you like to make?' question - Personal or Employer (with MyCo as the identified employer).

Should save a bit of admin in sending emails/posting cheques. You can also make your investment choice as part of the process.

Brilliant>perfect>thanks!

Makes it much much easier.

[SueEllen]

I'm sure there was a more recent thread about this topic, but I can't find it...

I've just made an online card transaction to deposit employer funds into a HL SIPP. I'm certain this is new functionality. Use MyAccounts>SIPP>AddMoney and there's now a 'What type of contribution would you like to make?' question - Personal or Employer (with MyCo as the identified employer).

Should save a bit of admin in sending emails/posting cheques. You can also make your investment choice as part of the process.

Yep last time I dumped in some money I emailed them and then did a bank transfer.

Nice to know they made it smoother.

[barrydidit]

I'm sure there was a more recent thread about this topic, but I can't find it...

I've just made an online card transaction to deposit employer funds into a HL SIPP. I'm certain this is new functionality. Use MyAccounts>SIPP>AddMoney and there's now a 'What type of contribution would you like to make?' question - Personal or Employer (with MyCo as the identified employer).

Should save a bit of admin in sending emails/posting cheques. You can also make your investment choice as part of the process.

[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

[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..

[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.

[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

[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.

[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]

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.

[ruasonid]

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

[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.