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Tax year end

Below, are the key dates and information we provided to help you navigate the 2025/26 tax year efficiently.

Please note: Friday 3 April, and Monday 6 April 2026 were bank holidays, which may have impacted some payments.

Payments to clients

If a scheduled payment falls on a bank holiday, it will be processed on the previous working day.

  • Any income payments due between 3 – 6 April will be brought forward and paid on 2 April.
  • This means income payments due on 6 April, the first day of the new tax year, will be made on the last working day of the current tax year (2025/26).

Client contributions

If a scheduled contribution date falls on a bank holiday, it will be collected on the next working day.

  • Any contributions due between 3 – 6 April will be collected on 7 April.
  • This means contributions will be collected in the new tax year (2026/27).

Pension, ISA and GIA contributions

Contributions for the 2025/26 tax year must be received into our bank account by close of business on 2 April 2026. 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 2 April 2026.

Important: If we receive either the funds or the supporting documentation after the deadline, the contribution will not qualify for the current tax year.

Stylised illustration of a desktop diary in red and teal colouring
Stylised illustration of a desktop diary in red and teal colouring

Payment methods

For full details of the payment methods for adding money to a Platform account, please visit our banking and interest page.

Payment methods

Bed & ISA

Red Scottish Widows bed and ISA icon showing a stack of coins with small up and down arrows appearing from the top and sitting alongside a plus symbol
Red Scottish Widows bed and ISA icon showing a stack of coins with small up and down arrows appearing from the top and sitting alongside a plus symbol

GIA to ISA

Bed & ISA (GIA to ISA) instructions should be completed on or before 22 March 2026 to ensure the process completes in the current tax year. We’ve created a guide to Bed & ISA for your convenience.

Pension withdrawals and income

Pension withdrawals
and income

UFPLS/One-off pension income

Monies cleared in cash within the pension (including any investment sale proceeds) and requests keyed on the platform by 11am on 24 March 2026. This allows 5 business days for a one off payment or UFPLS to complete by the 2 April 2026.

PCLS

Monies cleared in cash within the pension (including any investment sale proceeds) and requests keyed on the platform by 11am on 2 April 2026.

Regular pension income

For new or regular income amendments, input or changes keyed and relevant funds cleared in the cash account by 17 March 2026.

Drip Feed Drawdown

For new or regular Drip Feed Drawdown amendments, input or changes keyed and relevant funds cleared in the cash account by 13 March 2026.

ISA / GIA withdrawals and payments

ISA / GIA withdrawals
and payments

ISA / GIA withdrawals and internal payments

Monies cleared in cash within the ISA / GIA (including any investment sale proceeds) and requests keyed on the platform by 11am on 2 April 2026.

Tax year end webinar
‘Know Your Limits’

Watch our latest webinar from Scottish Widows Pensions expert, Gareth Davies, covering allowances and regulatory change.

Tax year end
expertise hub

Tax year end
expertise hub

As tax year end draws near, here are some insights and guides to help support your clients effectively.
Read our articles

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Adviser Support Hub

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