Adding cash to SIPP - why minimum £100?

General
1

@fionagraham

Morning :grinning: :wave:,
I’ve created a new portfolio within my SIPP and wanted to put some money into it today.

The website doesn’t proceed from the popup window Add Cash / Net Contribution so I am unable to transfer cash this way.

When I logged into the app and tried to add cash it shows me a message stating that it needs to be at least £100.

I don’t remember seeing anything about a minimum being applied to paying in money earlier. Could you please advise when this was implemented and communicated to customers?

This article doesn’t mention a minimum either in the Instant Bank Transfer paragraph.

https://help.investengine.com/hc/en-gb/articles/5070481939997-How-do-I-add-money-to-my-portfolio

There is no question relating to this either in here:

https://help.investengine.com/hc/en-gb/sections/13921683629213-SIPPs

Thank you

2

Hi @Pinch - I’ve passed this on to the team to have a look at, either one of CX will come back with an update or I will. Hope that helps!