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Contributions can be made by direct debit, standing order, debit card or credit card – all options can be set up online.

Standing orders need to be set up with the correct bank account and your client’s sub-account number must be used as the payment reference.

Once we have received an eligible net SIPP contribution, we’ll automatically apply the basic rate tax relief to the product’s cash balance, so your clients can access investment returns on their gross contributions from outset.

For customers who are eligible for tax reclaim above basic rate, the difference can be claimed through the self-assessment tax return or by contacting HMRC.