If you need to contribute or withdraw funds from your plans before the 2024/25 tax year ends, we will do our best to make this happen in time. However, there are often steps we need to follow to satisfy our regulatory commitments - so please note the dates below to allow time for these to be carried out.
Withdrawals from a pension
To request a withdrawal from your pension to be received within this tax year, please get in touch with us no later than Monday 10th March 2025
Withdrawals from an investment (ISAs, Capital Investment Bonds & Flexible Savings Plans)
If we receive a request to withdraw funds within the current tax year, we will take the current tax year as the deemed date (paid date) even if the money is received in the new tax year.
If the withdrawal funds are required to be received before the new tax year, please make this is requested no later than 28th March 2025.
Making an investment (contributions and top-ups)
If you wish to make an additional contribution to your ISA, other investment or pension to be included in the current tax year, please ensure we receive these funds no later than 4th April 2025. While the funds may be added after this date, these funds will be applied at the date received.
How to help minimise delays
There may be occasions where we need to send you further information or need further information from you, such as validating your bank account and identification.
To minimise potential delays, you have the option of providing a bank statement dated within the last 3 months that displays your name, address, sort code and account number. To validate your identification, we can accept a form of photo ID (Passport, Driving Licence etc). These can be sent via the Messages feature in My Wesleyan, which is a safe and secure method to transmit your personal data.
It may not always be possible to complete a request before the end of the tax year, but we will do our best to make clear what is needed from you, and be transparent about the timelines to expect.