How will tax relief work if I have Auto Deposit and Auto Invest set up? 

If you have set up Auto Invest on your Quilter Invest SIPP, any pension tax relief you receive will usually be invested automatically to match your chosen investment strategy. Depending on the amount and your settings at the time the tax relief is paid, it may be invested or remain as cash. 

Here’s how it works: 

• Your contribution is invested based on your selected Auto Deposit date and chosen investment strategy 

• Pension tax relief is claimed from HMRC separately and is usually added to your SIPP 6-8 weeks later 

• When the tax relief is paid, it's invested using the investment strategy in place at the time the tax relief is paid, not necessarily the strategy you had when you made the original contribution. 

• The tax relief will follow the same asset split as your existing Auto Invest setup. For example, if your strategy is partly invested and partly held as cash, the tax relief will be treated the same way. 

In some cases, if the tax relief amount is too small and does not meet the minimum amount required for an investment, it will remain as cash instead. 

If you change or cancel your Auto Invest setup after making a contribution, the tax relief will still follow the same behaviour as the original contribution once it is paid into your SIPP.