Tax year end

Understand your options at the end of the 2023/24 tax year

Requests and Forms

These are the most common types of requests we get around tax year end with links to the forms and useful information about each request. These requests are specifically for our Flexible Transitions Accounts, Discretionary Pension Plans and NMPTL Standard SIPP plans.

Make a single contribution

Please note in order to process within this tax year we require all outstanding documents and funds in our account by 12pm Friday, 5 April.

If you are paying via cheque, we will require this by Thursday, 28 March.

You can top up your pension at any time until you are 75.

You could receive tax relief on a single contribution to your plan as long as it does not exceed the greater of £3,600 a year or 100% of your relevant UK earnings. Please note, that a separate tax charge will be incurred if you make contributions above the annual allowance (unless you have accessed a money purchase pension, the annual allowance is now normally £60,000.00 a year).

Single contribution application

If you'd like an interactive document via DocuSign, please email us at [email protected] or call us on:

0800 032 2990

For TextDirect first dial 18001.

Lines open: 9am - 5pm Monday to Friday.

Calls are recorded and may be monitored for training purposes.

Increase or make regular contributions

Please be aware, for us to process within this tax year we’ll need outstanding documents and funds in our account by 12pm Friday, 5 April

If you are paying via cheque, we will require this by Thursday, 28 March.

You can make regular contributions into your plan until you are 75.

You could receive tax relief on a single contribution to your plan as long as it does not exceed the greater of £3,600 a year or 100% of your relevant UK earnings. Please note, that a separate tax charge will be incurred if you make contributions above the annual allowance (unless you have accessed a money purchase pension, the annual allowance Is now normally £60,000.00 a year).

Regular contributions application

If you’d like an interactive document via DocuSign, please email us at [email protected] or call us on:

0800 032 2990

For TextDirect first dial 18001.

Lines open: 9am - 5pm Monday to Friday.

Calls are recorded and may be monitored for training purposes.

Tax free cash

If you’d like this payment before the end of the tax year, we’ll need all outstanding information by the following dates depending on your encashment instruction:

  • External sales - Friday, 8 March
  • Insured sales - Friday, 15 March

As the lifetime allowance isn’t changing this year, tax free cash is not affected by the end of the tax year. If you’d like to withdraw some tax free cash, you can do this several ways:

If you’d like an interactive document via DocuSign, please email us at [email protected] or call us on:

0800 032 2990

For TextDirect first dial 18001.

Lines open: 9am - 5pm Monday to Friday.

Calls are recorded and may be monitored for training purposes.

Taxable lump sum

If you’d like this payment before the end of the tax year we’ll need all outstanding information by the following dates depending on your encashment instruction:

  • External sales - Friday, 8 March
  • Insured sales - Friday, 15 March

Depending on your tax code, you may be entitled to take some of your taxable income tax free. Take a look at our FAQ on tax codes below for more information. 

If you’d like to withdraw some taxable income, you can do this several ways:

If you’d like an interactive document via DocuSign, please email us at [email protected] or call us on:

0800 032 2990

For TextDirect first dial 18001.

Lines open: 9am - 5pm Monday to Friday.

Calls are recorded and may be monitored for training purposes.

The deadline for 2023/24 ISA increase applications is approaching

The deadline for receiving ISA top up applications with a bank transfer for the 2023/24 tax year is midday on 5 April 2024 and the deadline for receiving ISA top up applications with a cheque payment for the 2023/24 tax year is midday on 28 March 2024. 

Please note that we must receive your application form, payment and all outstanding information by the deadline. Any applications received after the deadline will be applied to the new tax year (2024/25). 

Heritage ISA Products

  • LV Stocks & Shares With-Profits Life ISA 
  • RNPFN OneISA

The deadline for 2023/24 Heritage pension claims is approaching

  • The last day of the 2023/24 tax year is coming on 5 April 2024. 
  • Any claim requests for Heritage pensions will now have a retirement date set for the 2023/24 tax year.
  • We will process Lump Sum retirement payments received before 9 February 2024 until 29 March 2024. Any new Early Retirement claim requests for a Lump Sum or Annuity received after 9 February 2024 will have a retirement date set after 6 April 2024 (2024/25 tax year).
  • We will continue to process Annuity payments up to the 2023/24 tax year deadline of 5 April 2024. 
  • Lump Sum payments for the new tax year of 2024/25 will begin from 6 April 2024.

Heritage Pension Products

RNPFN
LV=
Teachers

Here are some of the most common questions we're asked

When will I get my money?
What are your cut off dates?
Can I carry some of my annual allowance forward to next year?
What's the maximum I can pay into my pension each year?
What will my tax code be for payments?
How do I reclaim overpaid tax?
When will I receive my P60?
My income is due on 6th April, will I still receive it early as usual?

Next steps

Getting the most from your money

Two people chatting
To help you get the most from your money, you can speak to a financial adviser. If you don't have a financial adviser you can find one near to you on unbiased.co.uk, or you can have a chat with one of
our investment advice specialists.
Please note that the information given on these pages should not be seen as advice to take out this product.