Posted on 12/03/2021 by David Fox
With the end of the tax year (and the end of the current year’s pension input period) falling on Easter Monday, 5 April 2021, our last working day of the current tax year will be Thursday, 1 April 2021. We would therefore like to remind you of our requirements for:
If you are looking to establish a new SIPP, our Sales Support team can generally set one up within seven working days. Therefore, where a client wishes to establish a Dentons’ SIPP to accept a BACS contribution for the current tax year (2020/21), the SIPP needs to be established no later than Tuesday 23 March 2021 and the contribution paid by 1 April.
Contributions can also be accepted by cheque and these are counted on the day they are received as long as we receive a fully completed SIPP application and supporting documents.
Our Sales Support team are available to review any scanned SIPP applications before sending us all the relevant forms, Cater Allen Bank Mandate and anti-money laundering identity verification documents. This will help ensure that all applications can be processed upon receipt, thereby preventing a delay in establishing the new SIPP.
To apply for a new SIPP, you can:
Clients who have an existing Dentons SIPP, and who wish to make a contribution before the tax year-end, must ensure that payments are received by Dentons by 1 April.
For more information on your pension contributions please speak to your Financial Adviser.