Important information for tax year-end

The end of the 2024/25 tax year is approaching quickly. Given that the tax year end lands on a weekend, there are some important things to be aware of.

Important details 

• Money inside your account as available cash will not be deemed to be inside your ISA or pension. So if you want this to be counted towards your allowances, please move it inside the portfolio before the 5th. For pensions, you will need to contact us on 0800 433 4574.
• In line with the above, it is important that last-minute payments have the correct payment reference. The reference dictates where in the account money is allocated. The reference is provided in the bank transfer journey and is also emailed to you (if that portfolio is chosen as the destination).
• The deadline for bank transfers is 5 April, however, to avoid any disappointment, please try to send earlier.
• Transfers must also be made from registered and verified bank accounts to ensure the funds are received successfully.

Whether you’re topping up an existing Moneyfarm ISA or contributing to your pension, it’s important to bear in mind the different deadlines for funding – different methods of depositing have different timescales.

Payment timeframes and visibility

Bank transfers are received by us on the same working day, or Monday if sent at the weekend, and are then allocated to your account on the following working day.

• Money that will be sent to us on the 4th of April, won’t appear in your Moneyfarm account until the 7th. However, this will still count towards the 2024/25 tax year.
• Payments that are sent on 5th or 6th April will not appear on your Moneyfarm account until the 8th. Money sent on the 5th, will initially appear in the 2025/26 tax year but will then be backdated for the 2024/25 allowance.
• Money that is allocated on the 7th, sent on the 4th, will initially take up the 2025/26 allowance on the platform, however we will then backdate this in the days that follow.
• Please ensure you send any bank transfers before 6pm to avoid any disappointment.
• Money sent after 6pm may not be received by us until the next working day, so you may need to provide proof of payment in order for us to backdate the contribution.
• Please make sure all payment details and references are correct to avoid any disappointment.

Whilst the deadline for contributions into any ISA or JISA is the 5th of April, the deadline for contributing to our pension via bank transfer is the 4th of April, at 6pm. For new employer contributions, we would also need to have a supporting employer contribution form.

For any questions, our team is working extended working hours over the last week and final weekend, so please get in touch.