umbrellas and private pension providers

[PCTNN]

Hi, last time I did a contract via umbrella it was years ago via Paystream and if I remember correctly, they didn't offer the option of paying pension contributions into my SIPP but instead I had to join their scheme.

Now I am in talks for another inside ir35 contract and I have a list of the 6 umbrellas approved by the client. Among these 6 umbrellas, only 1 say on their website that they'll pay into any SIPP. This umbrella is parasol and from a quick search here it doesn't have the best reviews

The other 5 umbrellas are:
- paystream
- nasa
- brookson one
- umbrella.co.uk
- jsa

Do you know if any of these other 5 umbrellas let you pay pension contributions into the SIPP of your choice?

[eek]

Hi, last time I did a contract via umbrella it was years ago via Paystream and if I remember correctly, they didn't offer the option of paying pension contributions into my SIPP but instead I had to join their scheme.

Now I am in talks for another inside ir35 contract and I have a list of the 6 umbrellas approved by the client. Among these 6 umbrellas, only 1 say on their website that they'll pay into any SIPP. This umbrella is parasol and from a quick search here it doesn't have the best reviews

The other 5 umbrellas are:
- paystream
- nasa
- brookson one
- umbrella.co.uk
- jsa

Do you know if any of these other 5 umbrellas let you pay pension contributions into the SIPP of your choice?

First point - just because they may support payment into a SIPP that doesn't mean they will support your provider - so after making a decision ask them directly before signing up with them...

NASA has decent reviews on here and people use them.

That list looks like a typical FCSA list so our advice would be to try and use Clarity Umbrella....

[PCTNN]

Thanks.

So yeah, that's my question: do any of you know if one of the 5 umbrella I have listed allow you to pay into any SIPP with any pension provider?

From parasol website: "Parasol can make employer’s contributions to any existing private pension provider." Any of those 5 umbrella offer the same? I can't see it on their websites which makes me think they don't.

I used Nasa almost 10 years ago and more recently (4 years ago) I used paystream. Both great, only paystream back then didn't allow me to pay into any SIPP with any pension provider but I HAD to pick theirs. Just wondering if the situation has changed in these last 4 years.

[eek]

Thanks.

So yeah, that's my question: do any of you know if one of the 5 umbrella I have listed allow you to pay into any SIPP with any pension provider?

From parasol website: "Parasol can make employer’s contributions to any existing private pension provider." Any of those 5 umbrella offer the same? I can't see it on their websites which makes me think they don't.

I used Nasa almost 10 years ago and more recently (4 years ago) I used paystream. Both great, only paystream back then didn't allow me to pay into any SIPP with any pension provider but I HAD to pick theirs. Just wondering if the situation has changed in these last 4 years.

Again the point is that unless we know your SIPP provider (which you haven't told us) and we are lucky enough to havew someone on here who reads this thread and uses that SIPP provider via one of those umbrellas you just won't know.

So pick up the phone and ring them....

from there you will have a shorter shortlist that we can discuss the merits of..

[PCTNN]

Again the point is that unless we know your SIPP provider (which you haven't told us)

aegon
aviva
l&g
royal london
standard life
scottish widows
vanguard

either one would work

[northernladuk]

Obivously not the first post about which umbrellas do what pension stuff so try pumping umbrella and pension in to the google search and see what pops out?

I believe PC has explained what NASA's policy for a start

[fulcon]

PayStream will do salary sacrifice into a SIPP and work with the providers below. They do charge a small, cheeky admin fee for each deduction.

Aegon
AJ Bell
Aviva
BestInvest
Fidelity
Hargreaves Lansdown
Interactive Investor
Legal & General
Old Mutual Wealth
Prudential
Royal London
Scottish Widows
Transact
Standard Life

I switched to PayStream in May and they've been pretty good so far. Customer service, particularly by phone, is good and they resolve problems and answer queries quickly.
I was previously with Parasol, and I would not recommend them due to the way they handled their cyber security incident earlier this year.

[eek]

PayStream will do salary sacrifice into a SIPP and work with the providers below. They do charge a small, cheeky admin fee for each deduction.

Nothing wrong in charging an additional fee for work that you don't do for all workers.

And paying into a SIPP is extra work (even if it's only sanity checking that it's been done correctly)..

[SimonMac]

NASA has decent reviews on here and people use them.

They are not 10/10, but I would still recommend them, they have made a couple of minor errors but have always fixed things quite quickly when I raise them, which I rate more than a service I've had no problems with so no epxectations of what might happen if something major happens

EDIT; I use NASA to pay into a HL SIPP

[northernladuk]

They are not 10/10, but I would still recommend them, they have made a couple of minor errors but have always fixed things quite quickly when I raise them, which I rate more than a service I've had no problems with so no epxectations of what might happen if something major happens

EDIT; I use NASA to pay into a HL SIPP

I'm the same. Anyone can run a company if it goes right. It is when it doesn't that the quality starts to show. A lesson that anyone saying SJD's service is OK will learn at some point.