SIPP~Pro is modular in design and at the core of the system is the administration module that fulfils the administrative and HMRC responsibilities of a scheme administrator. The Administration function allows the user to define high level parameters such as the different SIPPs under management and their PST references, contact addresses for HMRC, VAT offices and banking partners. It also holds details of the user’s staff and their authorisation levels.

Features of the Administration Module include:

~ Full member record keeping at both member and group level
~ Recording of contributions and transfers either in cash or in specie
~ Automatic monthly tax reclaim and bulk allocation of monies received
~ Comprehensive investment holding records
~ Full property administration including production of rental invoices
~ Production of detailed valuations
~ Calculation of member fund splits
~ Automated benefit calculations