Personal contributions are paid net of basic rate income tax. We claim back the tax relief from HM Revenue & Customs and add it to your fund. Please note that this can take up to eleven weeks. Any employer contributions must be paid gross.

IMPORTANT:

If you have protection against the lifetime allowance, any contributions made to this SIPP could mean you may lose this protection. You should speak to your financial adviser.

Contribution Payment Details

Address: Barclays Corporate, Aurora, 1st Floor, 120 Bothwell St, Glasgow, G2 7JT
Account Name: Atsipp Pension Trustees Limited re SIPP Receipt Account
Sort Code: 20-33-70
Account Number: 33833593
Sender’s reference: [Member Surname + Member number]

Please note, if you do not provide your Member surname & Member number as the Sender's Reference, your payment will be returned

Notes for Employers Making Contributions

These notes set out the guidelines for employers who have agreed to pay contributions on the employee’s behalf to the SIPP.

Such an arrangement between the employer and employee is known as a ‘Direct Payment Arrangement’. This arrangement applies to all contributions paid by an employer which are:

• deducted from an employee’s pay and paying them into the SIPP
• paid from the employer’s own account
• or both of the above.

The employer has four main responsibilities:

1. To prepare a record of payments due, e.g:

   Payday	Premium Pay Date	Due Date (latest payment date)
   28th August	The date agreed with the provider	19th September

2. To send a record of payments due to the provider
3. To keep the record of payments due up to date
4. To pay contributions on time.

If a late payment of a contribution occurs

or

If the information is not provided by an employer when requested to do so by @sipp, the code requires @sipp to report the circumstances to the Pensions Regulator if @sipp has reasonable cause to believe a late payment is likely to be of material significance to the Pensions Regulator.

e.g. Contributions remain unpaid 90 days after the due date or we believe the employer does not have adequate procedures or systems in place to make correct and timely payments of contributions due .

@sipp will inform employees, if a late payment report is submitted to the Pensions Regulator. This will normally take place no later than 30 days after the report has been submitted.

More information and details about this Code of Practice can be found at www.thepensionsregulator.gov.uk