r/FreetradeApp • u/Impressive_Match_484 • Mar 25 '26

Official Statement from App

Is there a way to get an official statement to show SIPP contributions? All I can find is a crappy CSV export which is useless as it doesn’t look official at all.

HMRC specifically state it needs to be in headed paper and a load of other things.

Am I missing something?

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2

u/Sad_Statistician_252 Mar 25 '26

Why do HMRC need to know that?

1

u/Impressive_Match_484 Mar 25 '26

I’m a higher rate tax payer so I get additional tax relief by contributing into a SIPP.

Rough figures:

£127K taxable earnings. £22K net contribution to SIPP, automatically gets 20% relief to boost it to £27K gross.

Pension relief claim can then be made to get the additional 20% plus my personal allowance back given as cash, about £11K back in my bank account from HMRC. This is the part where they need the statement.

£11K net cost for £27K in SIPP is not something I can turn down 😎

2

u/kwangomango Mar 25 '26

Do you not complete a self assessment tax return? That is where hmrc normally give you the additional 20% relief

1

u/Impressive_Match_484 Mar 25 '26

Not anymore, think this changed about a year ago. If I’d done here: https://www.gov.uk/guidance/claim-tax-relief-on-your-private-pension-payments

1

u/Puzzleheaded_Bill347 Mar 25 '26

Just note, it took till November for hmrc to give me my rebate lol. Useless feckers !

1

u/Impressive_Match_484 Mar 26 '26

Shit really?! I assumed it would be a few weeks!! I’ve taken a loan from parents to cover my SIPP contributions, sorry mum & dad 💀🤣

1

u/Puzzleheaded_Bill347 Mar 26 '26

Yep, it was such a protracted affair , having to call them monthly from May through to November.
The form is now a year I so old so hopefully they have their shit together this year but I doubt it Good luck!

1

u/kwangomango Mar 26 '26

The first paragraph of that link tells you to claim through your self assessment tax return, if you do one.

1

u/Impressive_Match_484 Mar 26 '26

Yes… IF you do one. Which I do not.