SIPP improvement

đź’ˇ Feature suggestions & ideas
1

I’m just been allowed to create a SIPP account and having done so I like what I see. Good work Trading 212! I appreciate they way that it keeps count of what I have paid in over the tax year.

However, like ISAs, there is an allowance of what I can pay in each tax year. Trading 212 knows the ISA allowance, shows that, and keeps track of deposits against the allowance. With a SIPP, I would like to keep track of where I am against my allowance. But Trading 212 doesn’t know what I expect to earn (my annual salary = my SIPP allowance) to be able to track that.

So I suggest that a field created in the settings so that I can enter my expected salary, and that this is used to create the allowance value that can be displayed in the SIPP in the same way as the 20K allowance is shown in an ISA. Then I can keep track of where I am against my allowance.

I would remind the developers that the actual SIPP allowance is the higher of ÂŁ3600 or my entered salary.

2

Surely, it’s simple for YOU to look at your own payslips so YOU know how much YOU’VE earned without needing to type the number into your T212 account as a reminder???

3

The issue with this is that the annual limit applies across all of your pension contributions, both employer and employee and T212 have no way of knowing what other pensions you might have, so providing the figure you’re asking for could be misleading.

4

The same could be said for ISA’s, but trading 212 show the allowance.