Self-Invested Personal Pensions
Planning for retirement is essential, and with a Self-Invested Personal Pension (SIPP), you have the flexibility to take control of your savings. In partnership with Interactive Investor, QPS Accountancy now offers Self-Invested Personal Pensions tailored for our umbrella workers, providing a tax-efficient way to invest for the future.
Introducing Interactive Investor
We have partnered with Interactive Investor, a trusted and award-winning investment platform, to offer our umbrella workers access to a Self-Invested Personal Pension (SIPP).
As a three-time Which? Recommended SIPP provider, Interactive Investor is recognised for its transparent fees, extensive investment options, and customer-focused service.
Whether you’re new to pensions or looking to maximise your retirement savings, the ii SIPP scheme provides a secure, tax-efficient, and accessible way to invest in your future.
Introducing the ii SIPP
Planning for retirement is one of the most important financial decisions you’ll make, and a Self-Invested Personal Pension (SIPP) offers the flexibility and control to shape your future. With an ii SIPP, you can manage your pension your way—choosing from a wide range of investments, keeping costs low, and benefiting from tax-efficient savings. Watch the video to learn more about how a SIPP works and how it could help you build a stronger financial future.
Why choose the ii SIPP?
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.
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Keep more of what you make
Other providers usually charge a percentage of your pot. That means you’ll be charged more as your pension grows in value. The ii SIPP is different, we charge a low, flat monthly fee starting from £5.99, so you can keep more of what is rightfully yours -
Enjoy more choice and flexibility
The ii SIPP offers a range of options to suit all pension investors. From shares and ETFs to ready-made funds and income options, we’ve got you covered. -
Trust in our top-rated support
It’s easy to keep track of your pension via our website and secure app.
Reach out to ii
If you have any questions, you can reach out directly to the ii-welcome team via email or phone who will happily assist you.
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.
How to set up SIPP contributions as a QPS contractor
All QPS contractors/employees can set up salary sacrifice pension contributions into the ii SIPP in a few easy steps – so you can keep more of what you make.
1. Open an ii SIPP account
It only takes a few minutes. You’ll also be able to transfer any exiting pensions to the ii SIPP
2. Instruct QPS to start your contributions
You can do this by emailing [email protected]
Once instructed, the contributions will start from the agreed date.
3. Complete the SIPP contributions form
You can do this easily by following the step-by-step SIPP Contributions Form Guide.
Salary Sacrifice
When signing up to a salary sacrifice arrangement with QPS, 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. QPS 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.Â
ii SIPP FAQs
How do you set up a SIPP?
You can apply for your SIPP online in less than 15 mintues. All you’ll need is your National Insurance number, debit card and bank details.
Once your SIPP’s set up, you can add money via a one-off deposit or regular, monthly Direct Debit contributions. You can also transfer in any existing pensions you have elsewhere.
How do you claim SIPP tax relief?
For every personal payment you make into your SIPP from your net income, we’ll automatically claim basic rate (20%) tax relief for you. So if you contribute £80, this will be topped up to £100.
Once your tax relief has been sent to us by HMRC, we’ll pay it as cash into your SIPP account, so you can choose how to invest it.
If you’re a higher rate (40%) or additional rate (45%) taxpayer, you can claim back the rest of your tax relief through your annual Self Assessment.
When can you access your SIPP?
The earliest you can access your SIPP is age 55, rising to 57 in 2028.
You can withdraw from your SIPP in various ways, including tax-free cash, income drawdown, lump sums, or a combination that best suits your needs.
You can take up to 25% of your pension tax-free – subject to a maximum of £268,275 – while any remaining withdrawals will be added to your income and could be taxed.Â
Can you have a SIPP and a workplace pension?
Yes, you can have a SIPP and a workplace pension and can pay into both at the same time. Just make sure your total contributions don’t exceed your annual allowance.
Once you’ve maximised your employer pension contributions, paying into a SIPP can be a great way to complement your workplace savings.
Can your employer contribute to a SIPP?
At ii we make it really easy for employers to make contributions into a SIPP through one-off and/or regular payments. If you want to pay into your SIPP this way, you’ll first need to ask your employer if they’re able to arrange this.
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