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The tax year 2024/2025 has now ended. Below, you’ll find the key dates and information we shared to help you navigate the end of the tax year efficiently.
Contributions for the 2024/25 tax year must be received into our bank account by close of business on 3 April 2025. The supporting contribution expectation and/or any documentation must also be keyed on the platform or received via email/post by this deadline.
Contributions can be made via Direct Debit, direct credit (bank transfer), or cheque.
Please note: The deadlines for making payments are outlined in the section below. Some deadlines are earlier than 3 April 2025.
Important: If we receive either the funds or the supporting documentation after the deadline, the contribution will not qualify for the current tax year.
Direct Debit is the most effective way to move monies into your clients’ accounts and execute any investment instructions.
New Direct Debit Mandates (DDM) that need to be set up before the end of the tax year must be entered, bank account authorised, and received by the Scottish Widows Platform via email or post by 14 March 2025.
Existing Direct Debit Mandates will continue as they are currently set up.
We must receive the payment by close of business on 3 April 2025, to ensure it is matched on our records.
Bank transfers can take up to five working days, depending on the bank. We recommend contacting the bank in advance of making the payment.
Please ensure the client’s account is open on the platform, the payment is made to the correct bank account, and the full reference, including the sub-account reference, is completed. For example: EM1234567-001
Bank account details:
Bank: Metro Bank
Account Name: EISL Client Collections Account
Account Number: 21862465
Sort Code: 23-05-80
If we are unable to match funds to the client’s account, the funds will be returned.
Please make cheques payable to ‘SCOTTISH WIDOWS PLATFORM’, with the client’s account reference specified on the back of the cheque. For example: EM1234567-001.
We also accept cheques made payable to ‘EMBARK INVESTMENT SERVICES LIMITED’ or EISL CLIENT COLLECTIONS ACCOUNT’, provided the client’s account reference is specified on the back.
Cheques should be sent to the following address by 24 March 2025:
Embark Investment Services Ltd
PO Box 24065
1 Tanfield
Edinburgh
EH3 1EY
Funds can take up to five working days to clear using this payment method. For more details on the cheque clearing process, please contact your client’s bank directly.
Bed & ISA instructions should be completed on or before 22 March 2025 to ensure the process completes in the current tax year. We’ve created a guide to Bed & ISA for your convenience.
Monies cleared in cash within the pension (including any investment sale proceeds) and requests keyed on the platform by 11am on 26 March 2025.
Monies cleared in cash within the pension (including any investment sale proceeds) and requests keyed on the platform by 11am on 4 April 2025.
For new or regular income amendments, input or changes keyed and relevant funds cleared in the cash account by 19 March 2025.
Monies cleared in cash within the ISA/GIA (including any investment sale proceeds) and requests keyed on the platform by 11am on 4 April 2025.
Visit the Support Hub for essential guidance and resources to help you work more efficiently.
Whether you are looking for ready-to-use solutions, or to build your own portfolios, we can offer solutions to suit your needs.
You can find a range of additional insights and guidance on our Maximising annual allowances page.