With the end of the tax year end falling on Sunday 5 April, the last working day of the tax year is Friday 3 April 2020. So, we would like to remind you of our requirements for:

  • SIPP contributions
  • Establishing a new SIPP.

Establishing a new SIPP.

If you are looking to establish a new SIPP, our Sales Support team can set up one up within seven working days. Therefore, where a client wishes to establish a Dentons SIPP to accept a contribution for the current tax year (2019/20), the SIPP needs to be established no later than Monday 30 March 2020 and the contribution paid by 3 April.

Our Sales Support team are available to review any scanned SIPP applications before sending us all the relevant forms and anti-money laundering identity verification documents. This will help ensure that all applications will be accepted upon receipt, thereby preventing a delay in processing. 

To apply for a new SIPP, you can:

SIPP contributions. 

Clients with exisiting SIPPs, may also wish to make contibutions, payments must be provided to Dentons' main office in Godalming, by 3 April.

  • Unused annual allowance from the 2016/17 tax year, may still be available under carry forward rules once the current annual allowance has been used (Please note that unused annual allowance from the 2016/17 tax year will be lost on 6 April 2020)
  • Please remember that the tapered annual allowance came into effect on 6 April 2016 and clients might be affected by the taper depending on their threshold and adjusted earnings figures each year since then
  • Payments by cheque must be made payable to the client's SIPP, e.g. Dentons SIPP J J Bloggs
  • For payments by bank transfer, the SIPP's default Cater Allen bank account must be open to receive funds.

For more information on your pension contriutions please speak to your Financial Adviser.