Umbrella - Help on pension Umbrella - Help on pension
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  1. #1

    Nervous Newbie


    Join Date
    Jul 2020
    Posts
    1

    Default Umbrella - Help on pension

    Hi
    I'm now contracting inside IR35, through an umbrella company. I want to start contributing to a pension (haven't done this before) and after some research I thought a SIPP with II was the best option.
    It now turns out that my umbrella (ICS) say they can make contributions into any SIPP as long as they accept BACS (they won't pay via direct debit), so II is out of the way.

    What's people using? Any advice?

    Thanks in advance!

  2. #2

    Should post faster


    Join Date
    Nov 2011
    Posts
    155

    Default

    Quote Originally Posted by PatPat View Post
    Hi
    I'm now contracting inside IR35, through an umbrella company. I want to start contributing to a pension (haven't done this before) and after some research I thought a SIPP with II was the best option.
    It now turns out that my umbrella (ICS) say they can make contributions into any SIPP as long as they accept BACS (they won't pay via direct debit), so II is out of the way.

    What's people using? Any advice?

    Thanks in advance!
    For good advice on choosing an appropriate SIPP, your question would probably be better answered on this forum:
    Pensions, Annuities & Retirement Planning — MoneySavingExpert Forum

  3. #3

    Contractor Among Contractors


    Join Date
    Jul 2019
    Posts
    1,625

    Default

    Quote Originally Posted by PatPat View Post
    Hi
    I'm now contracting inside IR35, through an umbrella company.
    Different topic, but if you're through an umbrella, you're an employee, not inside IR35.

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