Is anyone in the same boat as me where they made some contributions to the newly opened SIPP in January, yet still waiting for the tax relief to be added?
My understanding is that my contributions (one around the 15th Jan, the other around the 25th) should have been submitted on the 5th Feb, and ultimately the tax relief supposed to arrive by the 25th March.
Nothing has been topped up yet, and my cash still displays the relief amount as “pending from HMRC”.
Hello!
It usually takes 6 to 11 weeks to receive this rebate from HMRC, and the funds will be added to the same portfolio (or account cash) as your original contribution.
Yes but surely that is the range of time calculated from making the deposits??
You say 6-11 weeks. I understand that, but it’s been documented that you submit the figures on the 5th of the month for anything up to that date. Then the tax relief is received by the 25th of the following month.
For example, if I added something on the 6th day of a particular month, I fully understand that it won’t get reported until the 5th of the next month, and wait again until the 25th of the month after that. This is 11 weeks.
On the shortest wait scenario, if I added funds on the 4th of the month, IE would submit then the next day (the 5th) and I would receive the relief the following month (25th). This would be 7 weeks.
I’m just quoting what has previously been documented.
So i made large contributions on the 15th and 25th January. HMRC should have been contacted on the 5th February, and i would expect my 20% top up to land in my SIPP by the 25th March.
Hi all, wondering if somebody can clarify the following query because, however I word it, Google returns a lot of info that doesn’t…
My mum receives a small teacher’s pension to the tune of about £5k a year. This takes up some of her personal allowance and due to other earnings (part time teacher agency work) she surpasses the personal allowance and pays income tax.
If she was earning say £10k from the agency on top of the £5k teacher’s pension, is their opportunity to pay £12k into a SIPP and receive £3k tax relief? Or is she restricted to the paid work earnings only i.e. pay in £8k and receive £2k tax relief?
I think the question I am asking is whether income from a public sector teacher’s pension is ‘pensionable earnings’…?
Thanks in advance 
Hello @tomj782
You will find your answer in the below link, but here is the key sentence :-
For the avoidance of doubt a pension is not classed as earnings and cannot be included in the definition of relevant UK earnings.
Thanks @nedjohn, appreciate your taking the time to respond 
6-11 weeks is awful! That’s a huge drag on returns. I’ll be sticking with Aviva. It’s instant. That 20% out of the market makes the money saved in fees a waste of time
I would be interested to know if Aviva really do invest the HMRC contribution instantly, or is it funded effectively by a loan?
From my experience of HMRC I would be surprised if they really do pay instantly. If it is paid by cashflow/loans then someone somewhere has to pay for that facility either through higher charges or lower returns.
Hi @NoMoreTakeaways
Please be aware that you’re misquoting me…
The correct (full) quote is:
At the moment I do not have a SIPP with IE.
Apologies @Pinch , yes i see that your earlier comments were referring to what AJ Bell do. I mis-read the context.
I suppose we could do with knowing how @Mikenike is basing the 6-11 week figure off though. On Monday, it will be the full 11 weeks for me from my first contribution, and bearing in mind it is Easter, i’ve not been filled with confidence that this procedure of having the tax relief adding is as smooth as stated. Maybe if IE could elaborate further what the frequency of letting HMRC know, or whether like AJ Bell, HMRC are notified on a particular day of the month. If the latter was explained, it might give us a better idea of when to contribute to the SIPP without long delays.
Actually, i have just seen the official statement on the IE site.
When will I receive my tax relief?
- 9 days ago
- Updated
Every UK taxpayer under the age of 75 (employed or not), is entitled to tax relief on their pensions from the government. Depending on how much you contribute and your tax bracket determines how much relief you’ll receive.
We’ll automatically enrol you to receive tax relief on your pension, you won’t need to do anything. When you top-up your SIPP portfolio, the pending HMRC rebate amount will appear in your transactions.
You will receive your tax relief within 6-11 weeks, as advised by HMRC.
Tax relief for all (net) contributions between the 6th through to the 5th of each calendar month is sent to HMRC at the end of the month and should be paid out on/after the 22nd of the subsequent month.
For example, if you made a payment on the 15th of the month, the tax relief will be processed with all other payments between the 6th – 5th of that month. There’s a reconciliation process and then sent to HMRC by the end of the month. HMRC will pay out the rebate on/after the 22nd of the following month. Once received by our administrators it will take a day or two to be applied to your SIPP portfolio.
If you’re on a higher tax band, you will receive the standard 20% rebate to your SIPP portfolio and the remainder (20-25%) will need to be claimed through your annual tax return form.
It’s worth noting that there may be a delay in receiving your tax relief if the details on your InvestEngine account (full name, date of birth and national insurance number) do not match what HMRC hold for you. We will get in touch if this is the case.
That means it should have come through by the 22nd March (i’ll allow a day or 2 more for the administrators to add it to my portfolio). However it is now the 27th.
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@NoMoreTakeaways
No worries.
I do have SIPP’s with AJ Bell and Vanguard - both have credited the tax relief due for the contributions paid in January on 21/03.
I paid into AJ Bell on 18/01 and Vanguard on 27/01.
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I just came here to complain about this too. It’s not just you
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I’ve opened a support ticket with them this morning to see what’s going on. I can see all my contributions in the transaction history, and i can see the SIPP rebate transactions on the same dates as my deposits, and they all say “Processing”, but i’m asking them why the January ones are not yet settled (because they should be).
They are looking into it further and will get back to me. 
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Update: I’ve had a reply saying that there now IS an issue for deposits made during the January tax month (6/1/24 to 5/2/24). They have advised me that there is a 3rd party issue somewhere for these tax relief submissions and it is being looked at. 
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You can rest assured that it will be a priority… IE charge a % fee on the SIPP and this is lost revenue.
Hi, see post 180 up above confirming timeline parameters for tax relief (it was due on the 22nd plus maybe an extra day or two for further checks, and so yes it’s overdue…)
It might be a loan or they might use the cash position in the fund to act as a float.
I’m not sure to be honest but the tax relief is added as soon as my money is transferred, and they buy funds that day.
The expenses are 0.5% but I’m ok with this for my pension. It’s not worth the risk.
I have however considered doing a small partial transfer to IE so I better control what I invest in. The options on Aviva are limited compared to IE.
Recently, I started a SIPP with IE. I’ve made two contributions so far. Interestingly, while the tax rebate for the second contribution was promptly displayed in my cash account, the same wasn’t the case for the first one. However, both rebates were indeed recorded in the transaction list. This discrepancy raises concerns about a potential bug within the system. Although the tax rebates are reflected in the transaction history, the failure to display one in the cash account raises questions about the accuracy and reliability of the platform. This inconsistency might have implications for the eventual arrival of tax rebates in the SIPP account. Overall, this situation appears unusual and warrants further investigation to ensure the smooth functioning of the SIPP and accurate handling of tax-related matters. Could SB please assure me that my concerns are not warranted?