InvestAcc Pension Administration

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End of tax year arrangements

Contributions to SIPP Schemes

The last date to submit new SIPP applications and contributions to us for the 2023/24 tax year is Friday 5th April 2024.

Note that as each SIPP has unique bank account details, contributions must be paid directly to the correct individual accounts and include the SIPP number as the reference.

For existing SIPP members, we will need a new signed SIPP Supplementary Contribution Application Form to accompany the contribution and should be sent by email to: [email protected] (or by post to InvestAcc Pension Administration Limited, Solway House Business Park, Kingstown, Carlisle, CA6 4BY).

For new SIPP schemes, we will need a fully completed new SIPP Application Pack which can be sent to us by email to: [email protected] or by post using the details above. We recommend that you should follow up with a phone call to confirm receipt and to request the payment details, if making last minute contributions.

Any contributions paid electronically after close of business Friday 5th April 2024 will be treated as received on 6th April 2024, in the new tax year.

The last income payment date for the 2023/24 tax year is 28th March 2024, and we require the cleared funds in the bank account at least 6 full working days prior to the payroll date. Should a disinvestment be needed to fund the withdrawal please keep this in mind and leave sufficient time for the trades to complete and settle and be returned from the underlying investment provider back to the SIPP bank account.


Contributions to SSAS schemes

For anyone wishing to establish a new SSAS, bear in mind that the various processes can take some weeks to complete, including obtaining confirmation of registered status from HMRC. If you wish to establish a new SSAS and to pay contributions before the end of the current tax year, please contact our SSAS team on 01228 538 988 to discuss this.

For existing SSAS schemes, contributions can be paid to the trustee bank account – please also provide confirmation to [email protected] that the contributions have been made, the specific amounts for each member, and whether they are from the employer or personal contributions.

February 22nd, 2024