Dear Client
The cut-off times and criteria for the Tax Year End (TYE) period are noted below.
Please do remember that there is no guarantee that the TYE deadline will be met for instructions received after these dates.
To ensure we can identify requests on Freshdesk as quickly as possible, we have re-activated the TYE indicator and would ask that you use this where appropriate please.
Criteria for electronic payments:
In line with our normal procedures, money received from an account that is not the nominated bank account, will need to go through an additional validation step. To avoid this, we would ask that you ensure investors only use their nominated bank account. Where this is not possible, please see the deadline noted below for providing secondary bank account information.
Instances where the amount received is more than 10% outside of the provided expectation also require manual intervention and again, this will delay processing. Please therefore ensure that expectations created on the portal are as accurate as possible.
Criteria for cheque payments:
Our preference is for investors to pay electronically wherever possible, as we continue to experience postal issues in the Lichfield area, as noted in our email communication dated 2 December 2021.
If a cheque is the only option, please ensure that these are with us by Friday 18 March 2022. We cannot accept requests to amend subscription dates because of cheques that arrive after this date.
Deadlines:
Hubwise: | |
|
Bed and ISA instructions (Consider relevant stock settlement dates) |
Thursday 24 March 2022 |
Cheque payments |
Friday 18 March 2022 |
|
Electronic payments (From nominated bank accounts) |
Friday 1 April 2022 |
|
Providing secondary bank account information (To ensure electronic payments can be processed within the 2021-22 tax year) |
Friday 25 March 2022 |
Hartley: | |
New applications |
Thursday 24 March 2022 |
|
Single contributions (Cheque or electronic payments) |
Wednesday 30 March 2022 |
|
Regular contributions - 1 April 2022 collection date (Hartley must have received full completed DD and contribution forms) |
Friday 11 March 2022
|
|
New drawdown requests with taxable income (All forms must be fully completed, and cash must be available by 25 March 2022) |
Friday 11 March 2022 |
|
One-off income drawdown payments (The last payroll date for the 2021-22 tax year will be 28 March 2022) (The first payroll date for the 2022-23 tax year is 14 April 2022) |
Friday 11 March 2022 |
Intelligent Money | |
|
Tax-free cash and income requests
(To give IM the best chance of processing and paying out by 31 March, in order for the payment to be counted in the 2021-22 tax) |
Friday 4 March 2022 |
|
New applications and transfer requests
(While transfers can be instructed, IM cannot guarantee that the funds will be received in the 2021-22 tax year) |
Thursday 31 March 2022 |
|
Regular contributions which require investment in the 2021-22 tax year
(1 April 2022 collections will be invested in the 2022-23 tax year) |
Please contact IM as early as possible, to move the collection date to 28 March 2022 |
Should you have any questions then please contact the Customer Services Team using your Freshdesk account or by emailing us at customer.services@hubwise.co.uk.
Kind regards
Douglas Boyce
Managing Director
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