Are there any SIPPs that allow you to start with £25 a month and allow for higher contribution later if desired?

28 September 2021

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Question by Tim

Hi, I have two adult working children aged 25 and 30. They pay standard tax. I would at this early age like to pay £25 -30 a month into a SIPP for each and just keep doing this for years. Perhaps in time they could increase what's put in monthly. Which companies will allow you to start from say £25 a month and keep going, but allow a higher contribution if desired. No no lump sum, just £25 a month of course in their names but paid by me to them. Most providers seem to want £50 a month at least or a lump sum. Any ideas?


Answered by Joshua Gerstler

Hi Tim,

That is a lovely gift and something they will appreciate when they get to retirement age.

At the moment I tend to use the Advance by Embark platform and they have not set a minimum monthly contribution limit for us.

I hope that helps!

Feel free to get in touch if you need any help.

Josh

Answered by

Joshua Gerstler

Chartered Financial Planner

I have been working in Financial Services for over 16 years. I started out at Deloitte where I trained and qualified as a Chartered Accountant before moving to Financial Advice/Planning at The Orchard Practice in 2011.