We are delighted to share that Partial SIPP Cash Transfers for accumulation SIPPs are now available on the Söderberg & Partners Wealth Management platform.
We have made the process for partial transfers clearer, and much more efficient.
To instruct a partial SIPP cash transfer via the platform, we need to capture some additional data, either:
- The amount to transfer, or
- The amount to leave behind
This instruction will automatically be sent to the previous provider via Origo - making this a much more efficient process which no longer requires a manual transfer.
To instruct this on the platform, navigate to the account page > account action > transfer.
You now have the option to select a cash transfer type, and either a full or partial transfer value type.
The withdrawal type will only show if a partial transfer has been requested. Enter the amount your client wishes to take from the account (‘Withdraw') or leave in the account (‘Remaining balance').
Further information regarding transfers can be found using the below links:
- Transferring cash from a ceding provider – Söderberg & Partners Wealth Management