The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

Key dates and support for 2022-23 tax year end

With the tax year end (TYE) fast approaching, we have launched this dedicated information hub to provide 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/Time7IM Investment accountTypeDetails
Friday 17 March 2023SIPPWithdrawalsCut off to receive a taxable income instruction (where income tax is calculated this tax year) where sales have already been placed.
Tuesday 28 March 2023AllStock MovementsCut off for instructing stock transfers between clients. Please allow longer if sales are required once stock has been moved.
Tuesday 28 March 2023SIPPWithdrawalsCut off to receive single PCLS instruction in order to Crystallise in this tax year where cash is already available.
Tuesday 28 March 2023SIPPContributionsLast date for receipt of cheques into an existing 7IM SIPP, remembering the 7IM SIPP Top Up Contribution form is required.
Wednesday 29 March 2023AllAccount openingLast date for receipt of account opening forms and accompanying documentation for JISAs, Junior SIPPs, Trusts, Corporates & Partnerships, POA cases, Charities, Court Appointed Deputies and Accounts with non-GBP Reporting.
Wednesday 29 March 2023 (11:00am)ISASubscriptionCut off for sales to be placed within GIA, for manual ISA subscriptions. Cash movement will need to be processed by 2:00pm on Monday 03 April.
Wednesday 29 March 2023 (2:30pm)ISASubscriptionCut off for ISA subscription done online using Bed & ISA tool (even if just using cash in GIA).
Friday 31 March 2023ISASubscriptionCut off for receipt of cheques by 7IM, accompanied by instruction to subscribe into 2022-23 ISA.
Monday 03 April 2023AllStock movementsDeadline for instructing Stock Movements on platform.
Tuesday 04 April 2023AllAccount openingCut off for Account Pack declarations to be uploaded into platform for new GIA, ISA & SIPP clients. Cash must be received by this day.
Tuesday 04 April 2023ISASubscriptionLast date for receipt of cash into GIA for ISA subscriptions.

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.
Tuesday 04 April 2023SIPPContributionsLast date for receipt of electronic payments into existing 7IM SIPP, remembering the 7IM SIPP Contribution form is required.

To avoid funds being returned to source, please make sure that ONLY the 7IM account number (eg IMF0ABDY) 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.
Wednesday 05 April 2023 (11:00am)GIASalesDeadline for placing of sales with GIA for realising CGT (for funds that price at midday or after).
Wednesday 05 April 2023 (2:30pm)ISASubscriptionBy 2:30pm – ISA subscription done online using Cash Movements tool.

2022-23 tax year ends.

Further tax year end support

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