interactive investor is the #1 flat-fee SIPP provider in the UK and the second-largest investment platform in the UK by assets under administration.
With the ii SIPP you will pay a simple, flat fee. Most other pension providers charge percentage fees that grow with your pension.
You can also use the ii SIPP to bring together other pensions so you can manage everything in one place via their website or user-friendly app.
Please click here to find out more information on the ii SIPP, how to make salary sacrifice contributions and an illustration of the associated tax savings.
If you have any questions, you can reach out directly to the ii welcome team via email or phone who will happily assist you.
All Umbrella.co.uk employees can set up salary sacrifice pension contributions into the ii SIPP in a few easy steps â so you can keep more of what you make.
It only takes a few minutes. You’ll also be able to transfer any exiting pensions to the ii SIPP.
You can do this by emailing pensions@umbrella.co.uk
Once instructed, the contributions will start from the agreed date.
You can do this easily by following the step-by-step SIPP Contributions Form Guide.
When signing up to a salary sacrifice arrangement with Umbrella.co.uk, you are agreeing to reduce your salary in return for pension contributions.
Therefore, your contributions will be deducted from the overall contract income and as a result, you will pay less PAYE tax & less employee NI. Umbrella.co.uk will also pass on any employer NI savings.
It is important to understand that the use of Salary Sacrifice or the ii SIPP is not a recommendation and that the ii SIPP is not an Employer, Workplace or Auto Enrolment Pension. The ii SIPP is a Personal arrangement between you and interactive investor, and you are solely responsible for agreeing & monitoring contributions made by your employer.âŻ
The value of investments made within a SIPP can fall as well as rise and you may end up with a fund at retirement thatâs worth less than you invested. You can normally only access the money from age 55 (age 57 from 2028). The ii SIPP is intended for customers who have sufficient knowledge and experience of investing to make their own investment decisions.Â
It is important to note that when you come to take income from a pension it is treated as taxable income and you will pay tax at the applicable marginal rate. This communication is not intended to be a personal recommendation. If you are unsure about the suitability of a SIPP, or transferring any existing pension plan(s) into a SIPP, you should seek advice from an authorised financial advisor.
Tax treatment depends on your individual circumstances and may be subject to change in the future.