We’ve recently signed a partnership agreement with interactive investor - a Which? Recommended SIPP provider and the #1 flat-fee SIPP provider in the UK.
Nasa Umbrella contractors 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.
Introducing the ii SIPP
interactive investor is #1 flat-fee SIPP provider in the UK and the second largest investment platform in the UK by assets under administration.
With the ii SIPP you will pay a simple, flat fee. Most other pension providers charge percentage fees that grow with your pension.
You can also use the ii SIPP to bring together other pensions so you can manage everything in one place via our website or our user-friendly app.
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Salary Sacrifice:
All Nasa Umbrella contractors 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.
When signing up to a salary sacrifice arrangement with Nasa Umbrella 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. Nasa Umbrella 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 Enrollment Pension. The ii SIPP is a Personal arrangement between you and interactive investor, and you are solely responsible for agreeing & monitoring contributions made by your employer.
The value of investments made within a SIPP can fall as well as rise and you may end up with a fund at retirement that’s worth less than you invested. You can normally only access the money from age 55 (age 57 from 2028). The ii SIPP is intended for customers who have sufficient knowledge and experience of investing to make their own investment decisions.
It is important to note that when you come to take income from a pension it is treated as taxable income and you will pay tax at the applicable marginal rate. This communication is not intended to be a personal recommendation. If you are unsure about the suitability of a SIPP, or transferring any existing pension plan(s) into a SIPP, you should seek advice from an authorised financial advisor.
Tax treatment depends on your individual circumstances and may be subject to change in the future.
How to set up with the ii SIPP as a Nasa Umbrella Contractor
It only takes a few minutes. You'll also be able to transfer any existing pensions to the ii SIPP: Open a SIPP. Click here for more information, and the details on how to register.
Note: Information above has been provided by ii directly, and should you have any questions we would always recommend speaking to them directly. Nasa Umbrella is not able to give any advice in relation to investments.