This guide runs through how to add new money to a third-party SIPP or a third-party offshore bond on the Soderberg platform.
- Navigate to the account on the platform, and select ‘Pay In’ under the ‘Account actions’ button.
2. Create a payment expectation and specify the amount. The payment method should always be Bank Transfer. You can take an initial fee here and specify whether it should be auto-invested upon receipt.
3. Go to the third-party product platform and instruct a payment to Soderberg using the following bank details; here. They should quote 'SODBG-ACCOUNTID' as the payment reference.
Please note: Where the product provider has different bank accounts for payments and withdrawals (such as Canada Life):
- The bank details held on the investment account should be those used for withdrawals.
- This means that withdrawals will go to the correct bank account.
- Any payments into the offshore bond account on the Soderberg platform will not auto match and instead will be applied the day after funds are received.
Internal Transfers
Please be advised that internal transfers between third-party offshore bond accounts are not supported on this platform.
The movement of funds between offshore bond accounts must be processed by the provider through a withdrawal from one account followed by a payment into the other.
Bank account verification
There is an added bank verification step with setting up a third-party Canada Life or Utmost offshore bond. After the account has been setup on the system, please send us confirmation of the bank details that you have added on the system, on Canada Life or Utmost letter head.
Please send this across to servicecentre@soderberpartners.com so that we can AML check the bank account.