Company Pension and SIPP
Hi
I’m thinking of setting up a SIPP as well as holding my umbrella company pension. I am, currently, contributing very little and being matched up to 3% by the umbrella company pension scheme. I want to contribute a further 12% to a SIPP so hold a company pension and a SIPP. I enquired about this to my Umbrella Company but they said that they did not offer that option of transferring the 10% to a SIPP prior to taxed figures.
Can anyone advise whether this is possible or not on pre-tax figures so as to benefit from tax relief?
I hope this is the right thread for this
Many Thanks
B
Hi
I’m thinking of setting up a SIPP as well as holding my umbrella company pension. I am, currently, contributing very little and being matched up to 3% by the umbrella company pension scheme. I want to contribute a further 12% to a SIPP so hold a company pension and a SIPP. I enquired about this to my Umbrella Company but they said that they did not offer that option of transferring the 10% to a SIPP prior to taxed figures.
Can anyone advise whether this is possible or not on pre-tax figures so as to benefit from tax relief?
I hope this is the right thread for this
Many Thanks
B
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