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A day's delay could leave your clients missing out on valuable growth and just a 1% upswing in the market on a £250,000 investment could be worth £2,500 to your client. Although it should be remembered that pre-funding may not always be beneficial to your client.
In 2015 we pre-funded over £2.4 billion in transactions.
Watch Andy Zanelli, our Head of retirement planning, explaining the benefits of pre-funding.
for cheques to clearfor new investments
for switches to settle
for pension tax relief
Funds paid for by cheque or direct debit are invested from day one meaning more time in the market.
Once we have the unit price we buy at the next valuation point, this means your clients are back in the market after only 24-48 hours.
Tax relief on personal pension contributions
Your clients get the tax relief contribution immediately without a potential 65 days wait to receive and invest the tax relief.
Pension tax relief
Elevate Pension Investment Account
Elevate General Investment Account
N/A - not a pension scheme product
Elevate Individual Savings Account
Retirement Wealth Account
N/A - notional switch from one unit to another
You may wish to consider the availability of pre-funding as part of your platform due diligence process.