Application deadlines

Please note that for any payments out, having settled cash available will improve the efficiency and time frame within which we can process payments.

Type of application

Deadline

Set up regular income for the first time from a drawdown account to be paid in the 2024/25 tax year.

Fully completed application received by 5 March 2025 and enough settled cash within the Pension Account to make the payment.

Income drawdown – for new or an additional move to drawdown with a request for tax-free cash in this tax year.

Fully completed application received by 17 March 2025 and enough settled cash within the Pension Account to make the payment.

Crystallising benefits – on receipt of a cash transfer or a re-registration transfer

Transfer proceeds to be received by 17 March 2025.
In order for the transfer to be completed we must have all relevant details from the ceding scheme. Please ensure there is sufficient settled cash for the payment.

Uncrystallised Fund Pension Lump Sum (UFPLS) to be received in the 2024/25 tax year.

Fully completed application received by 17 March 2025 and enough settled cash within the Pension Account to make the payment.

Small Pots Payment to be received in the 2024/25 tax year.

Fully completed application received by 17 March 2025 and enough settled cash within the Pension Account to make the payment.

Ad-hoc income payment to be received in the 2024/25 tax year.

Fully completed application received by 17 March 2025 and enough money in the pension cash account to make the payment.

Pension new business applications and top-up requests.

For payments by bank transfer, debit card or cheque:
Fully completed applications and payments must be received by 11:59pm on 5 April 2025.

If an error by Fidelity delays this, then it can be back dated to before tax year end, so long as this is completed within 3 months of tax year end (i.e. by 5 July) as advised by HMRC. We cannot do this after this point.

Errors that cause delay by an IFA or a client (such as incomplete paperwork or payment to the wrong account) cannot be back dated.

Account name: FIL SIPP TRUSTEE UK 
Sort code: 20-93-32 
Account number: 33039005 
Reference: the instruction reference quoted when the instruction is submitted online

Please note that any electronic payments for the following tax year 2025/26 should not be sent until 6th April 2025.

Type of application

Deadline

ISA applications.

Fully completed applications and payments must be received by 11:59pm on 5 April 2025. This includes instructions to open a new Investment ISA or topping up of an existing Investment ISA account via debit card, bank transfer or cheque.

Important information:

• If you have already submitted a payment via bank transfer, please do not send duplicate payments via debit card.
• Payments via electronic bank transfer may take time to reflect on your client's account - please ensure payments are made before 11.59pm on 5 April. 
• Any payments received that exceed your client’s ISA allowance will be invested in your client’s Cash Management Account. This will not impact your client’s ISA subscription and payments invested in the Cash Management Account can be redeemed online.

The quickest* and easiest method of payment is to use online banking. Your clients will need the following information to make a payment: 

Account name: Financial Administration Services Limited
Sort code: 20-93-32
Account number 83385787
Reference: the instruction reference quoted when the instruction is submitted online

Please note that any electronic payments for the following tax year 2025/26 should not be sent until 6th April 2025.