Key dates and support for 2024-25 tax year-end
With the tax year-end (TYE) fast approaching, this dedicated information hub provides you with the key dates as you plan for this busy time of year, and ensure your clients don’t miss out on any various tax allowances.
These dates are provisional and subject to change
| Date/Time | 7IM Investment account | Type | Details |
|---|---|---|---|
| Monday 17 March 2025 | SIPP | Income Withdrawals | Last date for receipt for 7IM SIPP Taking Benefits form for 01 April payroll. The final payroll date for 24/25 tax year will be 01 April. In order to make this payroll we require everything received in good order on or before the 17 March. Taking Benefits must be be fully completed, member must have passed bank verification checks or provided a bank statement (if income has not been taken previously or new bank details) and sales should have been placed with cash available. Any pending transfers must be completed on or before 17 March. |
| Tuesday 25 March 2025 | All | Stock Movements | Cut off for instructing stock transfers between clients. Please allow longer if sales are required once stock has been moved. |
| Thursday 27 March 2025 | SIPP | PCLS - Tax Free Cash | Cut off to receive single PCLS instruction in order to crystallise within the 24/25 tax year. 7IM SIPP Taking Benefits form must be fully completed, member must have passed bank verification checks or provided a bank statement (if benefits have not been taken previously or new bank details). Sales should have been placed and cash must be available. Pending transfers must be completed. UFPLS is not not treated the same as PCLS and therefore the income withdrawal deadline of 17 March applies. |
| Thursday 27 March 2025 | All | Account opening | Last date for receipt of account opening forms and accompanying documentation for JISA’s, Junior SIPP’s, Trusts, Corporates & Partnerships, POA cases, Charities, Court Appointed Deputies and Accounts with non-GBP Reporting. |
| Thursday 27 March 2025 (11:00am) | ISA | Subscription | Cut off for sales to be placed within GIA, for manual ISA subscriptions. Cash movement will need to be processed by 2:00pm on Friday 04 April. |
| Thursday 27 March 2025 (2:30pm) | ISA | Subscription | Cut off for ISA subscription done online using Bed & ISA tool (even if just using cash in GIA). |
| Friday 28 March 2025 | SIPP | Contribution from existing 7IM account | Last date to instruct a SIPP contribution funded by an existing 7IM general investment account. Please ensure the contribution form/top up form is fully completed. The form must clearly state the GIA reference. If the form does not state that a contribution is to be funded from a GIA we will assume a payment is being sent electronically. This may delay contributions being applied. Please ensure cash is available on or before 28 March. |
| Monday 31 March 2025 | SIPP | Contribution Forms | Last date for receipt of 7IM Contribution form or Top Up Contribution form. Please ensure tax eligibility and carry forward has been confirmed. The processing of contributions may be delayed If we do not receive a fully completed form ahead of any payment being received. All contributions payments should be paid into 7IM SIPP bank account before 04 April. Any payment received into the SIPP bank account before the 05 April will be processed within 24/25 tax year. To avoid funds being returned to source, please make sure that ONLY the 7IM account number (eg IMF0ABCY) is included in the payment reference field. No other information (such as the client’s name) should be included. Note that we only ever use the number zero ‘0’ and not the letter ‘O’ in the reference number. Please ensure we receive individual payments per member contribution and individual payments per tax years. Combined payments for multiple members, or across tax years will cause delays in contributions being applied. Test payments cannot be supported. |
| Wednesday 02 April 2025 (12:00pm) | ISA | Subscription | Cut off for receipt of cheques to fund your ISA for current tax year. |
| Wednesday 02 April 2025 (12:00pm) | All | Stock movements | Deadline for instructing Stock Movements on platform. |
| Thursday 03 April 2025 | ISA | Subscription | Last date for receipt of cash into GIA. To avoid funds being returned to source, please make sure that ONLY the 7IM account number (eg IMF0ABCX) is included in the payment reference field. No other information (such as the client’s name) should be included. Note that we only ever use the number zero ‘0’ and not the letter ‘O’ in the reference number. |
| Thursday 03 April 2025 | All | Account opening | Cut off for Account Pack declarations to be uploaded into platform for new GIA, ISA & SIPP accounts. Cash must be received by this day. |
| Friday 04 April 2025 (11:00am) | GIA | Sales | Deadline for placing of sales with GIA for realising CGT (for funds that price at midday or after). |
| Friday 04 April 2025 (2:30pm) | ISA | Subscription | By 2:30pm – ISA subscription done online using Cash Movements tool. 2024-2025 Tax Year ends. |
Further tax year-end support
7IM SIPP
Clients can withdraw funds from and deposit funds into their 7IM SIPP in various ways to maximise tax efficiency.
Find out more
ISA
Everything you need to know about making the most of your clients’ flexi-ISA allowances on the 7IM Platform.
Find out more
Taxable Accounts (GIA)
We have a range of reports and tools to help you manage your clients’ Capital Gains Tax allowance.
Find out more
Contact us
Our Platform Service Team are on hand to support you and your clients during the tax year-end.
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