Care is needed to make sure product deadlines are met. To qualify for tax favoured ISAs, all subscriptions must be made via cleared BACS/CHAPS payment or Cheque payment and submitted on time in order to meet HMRC rules.
The tax year ends on Friday 5th April 2024. In a nutshell, this means that to be applied to the 2023/24 tax year:
- Cheque payments must be received at our Head Office on or before 1pm on 5th April 2024
- All other payment types must clear into our bank account on or before 5th April 2024
For more information and full details of the other important deadlines, download the 2023/24 ISA and SIPP Deadlines.
Please make sure that all portfolios and expectations have been created before issuing payment to Parmenion. Without a sufficient portfolio and expectation present, the payment will not be applied to the portfolio and will consequently miss the cut off times and dates detailed below.
If you need help creating expectations please get in touch with our Client Services Team on 0117 204 7678 and they’ll be happy to help you.
This article is for financial professionals only. Any information contained within is of a general nature and should not be construed as a form of personal recommendation or financial advice. Nor is the information to be considered an offer or solicitation to deal in any financial instrument or to engage in any investment service or activity. Parmenion accepts no duty of care or liability for loss arising from any person acting, or refraining from acting, as a result of any information contained within this article. All investment carries risk. The value of investments, and the income from them, can go down as well as up and investors may get back less than they put in. Past performance is not a reliable indicator of future returns.