We would like to update you on the tax year end deadline dates for 2021. As always, we would encourage advisors and investors not to wait until the deadlines, particularly this year as tax year end directly follows a bank holiday weekend.
Money In | |
Bed and ISA (instruction received) |
24 March 2021 |
New cash received by cheque |
1 April 2021 - 12 noon |
New cash received by BACS |
1 April 2021 - 5pm |
Please keep in mind that cash received from an account that is not the nominated bank account on record, will go through an additional validation step. To prevent any unnecessary delay, we would encourage investors to use their nominated bank account where possible.
Cheques can be received until 1 April however, continued postal delays and banking restrictions should be considered.
Our SIPP providers have also shared their tax year end dates:
Hartley:
Money In | |
New applications |
26 March 2021 |
Single contributions (cheque of bank transfer) |
31 March 2021 |
Regular contributions (1 April collection date), Hartley must also have received a fully completed DD and contribution form |
12 March 2021 |
Drawdown | |
New Drawdown requests with taxable income. All forms must be fully completed, cash must be available by 25th March 2021 |
12 March 2021 |
One off income payment, last payroll date is 28th March 2021, 1st payroll of 2021/22 is 14th April 2021, money must be received and cleared by 22nd March 2021 to allow time to process through payroll. |
12 March 2021 |
Intelligent Money:
Income must be processed and paid out by 31 March 2021 to be included in the 2020/21 Tax Year |
31 March 2021 |
All new TFC and Income requests must be received by 3 March 2021 to guarantee processing before the end of the Tax Year (IM cannot guarantee the turnaround times of third parties ) |
3 March 2021 |
New Business applications and transfer requests received (IM cannot guarantee that the transfer will be received before 5 April 2021) |
28 March 2021 |
Direct Debit contributions for 1st April will be allocated in the 2021/22 tax year. If for any reason you require the contribution to be allocated to the 2020/21 tax year please contact IM and they will arrange for the money to be debited on 25th March |
For any instructions received after these dates we will work on a best endeavours basis however, will not be able to guarantee that we can meet the TYE deadline.
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.
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