Am I correct in stating that as of today the IE platform does not support a SiPP with Employer Contributions? Does anyone know whether this is planned going forward as I’ve a reasonably large SiPP I’d like to transfer but the SiPP is funded through a private Ltd company
I just opened a SIPP to make contributions from my Ltd company and just found out I can’t. This is a big flaw if that’s a case. I think ii allow this so will be off there instead.
I agree and it’s a shame as I like the IE platform and cost structure. Very easy through HL, but their costs are high hence wishing to transfer. Perhaps one day…
Hi all! Absolutely, I understand your concerns.
We’re actively addressing this issue and are committed to making employer contributions possible for all SIPP accounts. Our team is diligently working on the necessary adjustments and enhancements, including allowing pension contributions directly from companies.
While we can’t provide an exact timeline, rest assured, this feature is a top priority for us. We appreciate your patience and understanding.
I understand you can’t give a timeline but is it going to be 2024, 2025, in the next 3 years? The only thing making me use vanguard right now is the fact as a director I can’t contribute to my pension through the company. Other wise I’d switch to IE for life!
Hello, thank you for your feedback. We are currently working on this feature so we cannot give you a timeframe at the moment, but be assured that we will inform you when it is released
Hi,
Just wondering if there is an update to this at all?
Is there a target time line at least to say 6 months? A year?
Regards
Stephen
Hey there!
Any best guesses at least? My company year end has passed now so lost that opportunity to get contributions in to here, pretty disappointing to say the least. Do you think I’ll get in time for next year??
Cheers!
Hi, a quick update on where we are on this. We’ve recently brought on board a new lead for SIPPs as part of our commitment to bring you the best products we can. He’s picked this up, and is currently working hard on designing the mechanism for allowing employer contributions.
As soon as we have more news to share, we’ll post it here.
That’s good to hear.
Personally, I’ll transfer my SIPP to InvestEngine as soon as employer contributions become possible.
Personally, I’ll transfer my SIPP to InvestEngine as soon as employer contributions become possible.
Ditto. The only reason I have a Vanguard SIPP is to allow for my limited company to make employer contributions.