Originally posted by fireseeker
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Ideally, the whole payment to the SIPP would be an employer payment from Danbro directly.
The Corpad pension scheme is, I assume, for the usual contract staff who will pay minimum into it and Danbro need some kind of mandatory scheme.
For us, there will be an employer basic contribution, employee basic contribution and an additional (large) elective contribution. These all go into Corpad and are transferred out from there to II. It's still an employer contribution though and needs to be so II don't try and claim tax back on it. Employee contributions need tax reclaimed at basic rate by II and then by you on a tax return for higher rate tax paid.
Previously Corpad were retaining the basic funds and only transferring the elective amount to II. That's now fixed.
A transfer in from another pension scheme is a big deal and can take months - you don't want that.
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