INTELLIGENCE ZONE

TAX YEAR END

Contribution receipts
With the end of the tax year falling around Easter this year it is more important than usual to ensure that contributions are received in time. The last day we can receive contributions to be applied to this tax year is Thursday 1 April 2010. It is very important that any relevant paperwork is included.

Required paperwork
If this is the first time we have received employer contributions from your client's current employer we cannot bank the contribution if we have not had the relevant anti-money laundering documentation for them. Details of the requirements can be found in our Working Together web pages.

Pension income payments
The deadline to arrange the final pension income payment in this tax year is 19 March 2010. In order to arrange or amend an income payment a letter or faxed instruction signed by you or your client is acceptable. Sufficient funds will need to be in the plan holders SIPP bank deposit account by 26 March 2010.

DISCLAIMER

The information on this page is for advisers only and should not be relied upon by individuals.