James Hay tax year end hub

Making sure you have all the pieces for tax year end

To help you and your clients get ready for tax year end, here you’ll find everything you need including key dates and deadlines as well as essential literature.

James Hay key dates and deadlines

Tuesday 18 February
  • To receive a final income payment for IPS (2008) SIPP, IPS Pension Builder SIPP for the 2024-25 tax year, income instructions must be received by 5pm. This is for cases where the plan is already in drawdown.

Monday 3 March
  • To receive a final income payment for IPS SIPP, IPS Family SIPP for the 2024-25 tax year, income instructions must be received by 5pm. This is for cases where the plan is already in drawdown.
  • Last day to amend SIPP regular payments via Direct Debit to be collected in the 2025-26 tax year. 
  • Last day to set up a new SIPP regular payment via Direct Debit to be collected in the 2025-26 tax year.

Wednesday 5 March
  • Last day for non-advised clients to submit a request for a Pension Commencement Lump Sum (PCLS) for income payments to be made in the 2024-25 tax year. 
  • Last day for non-advised clients to submit a request for an Uncrystallised Funds pension lump sum payments (UFPLS) for income payments to be made in the 2024-25 tax year.
  • Last day for fully completed Flexi Plan Closure (FPC) forms to be submitted for non-advised clients for closure within the 2024-25 tax year.

Friday 7 March
  • Final date for all requirements to be with us for a drawdown transfer in from another provider.

Thursday 13 March
  • Last day for advised clients to submit a request for an Uncrystallised Funds pension lump sum payments (UFPLS) for income payments to be made in the 2024-25 tax year.
  • Last day for advised clients to submit a request for a Pension Commencement Lump Sum (PCLS) for income payments to be made in the 2024-25 tax year.
  • Last day for fully completed Flexi Plan Closure (FPC) forms to be submitted for advised clients for closure within the 2024-25 tax year.
Tuesday 18 March
  • To receive a final income payment for Modular iSIPP, iSIPP, eSIPP, Private Client SIPP, Wrap SIPP holders, Partnership SIPP for the 2024-25 tax year, income instructions must be received by 5pm. This is for cases where the plan is already in drawdown.

Friday 21 March
  • Last day to raise an ad hoc income request for a missed income request from February 2025 to be paid in the 2024/25 tax year.

Monday 24 March
  • Last day for SIPP online applications for new business single contributions to be paid in the 2024-25 tax year. 
  • Last day for paper applications to open a new Wrap for a client before the end of the 2024-25 tax year. 
  • Last day for online applications to open a new Modular ISA with single subscriptions to be paid in the 2024-25 tax year. Payments should be followed by a bank transfer no later than Friday 4 April.

Friday 4 April
  • Last day for single SIPP contributions to be included in the 2024-25 tax year. Contributions after this date will be included in the 2025-26 tax year. 
  • Last day for Wrap ISA and Modular ISA subscriptions to be received to be processed in the 2024-25 tax year. Applications must be dated 5 April 2025 or earlier and sufficient funds must be available. 

Download the key dates and deadlines

Offshore Bond assignments and encashments

For the following assignment and surrenders within your Offshore Bond we will require all forms and any supporting evidence and cash available in the product bank account by the following deadlines to endeavour to have the requests processed within the 2024-25 tax year.

19 February
  • Assignments and subsequent segment surrenders

26 February
  • Assignments and subsequent withdrawals across all segments
  • Full and segment surrenders

5 March
  • Withdrawals across all segments
  • Assignments

New business application

Monday 3 March 2025 is the last day for receipt of fully completed clean new business application forms and supporting documentation to be received at James Hay. Cleared funds to be paid to the new Offshore Bond must be received into your Investment Portfolio no later than Wednesday 26 March 2025.

Any applications received after Monday 3 March 2025 may not be issued until the 2025-26 tax year.


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