Final reminder: Key information for last-minute end-of-tax-year contributions

The end of the 2023/24 tax year is approaching quickly. 

Given the rapidly approaching deadline, there are some important details to take note of.

Remember that our team will be on hand to help between 10am and 3pm on Saturday and Sunday, 6th and 7th April.

Important details 

• Payments made on the 5th will not appear until the 8th – as we allocate to the custodian on the next working day. Please note that these will be retroactively backdated.
• If you send the money after 6pm, it may not hit our accounts that day, but if you provide proof that the money was sent before midnight, then we can backdate the contribution once it lands in your ISA
• Money inside your account in available cash or not inside a wrapper in your account 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 5th April, however, to avoid any disappointment, please try to send before 6pm (or even on earlier days).
• Transfers must also be made from registered and verified bank accounts to ensure the funds are received successfully.

It’s also important to note that all payments should be made to MFM Investments Limited. Payments made to any other account name may be unsuccessful. Transfers must also be made from registered bank accounts to ensure the funds are received successfully.

If you have any questions, please don’t hesitate to get in touch with the team.