ISA and pension deadlines

The deadline for the end of the 2014/15 tax year is fast approaching, and many of you have not used your ISA and/or pension allowances.

ISA
The ISA allowance for 2014/15 is £15,000, and will go up to £15,240 in April. If you want to contribute to your ISA before April please be aware that the deadlines are:

  • Investing online, using your debit card, by 10pm on 5th April.
  • Over the telephone, using your debit card, by 10pm on 5th April.
  • Cofunds paper-based application (including Junior ISA applications) must be received at Chelsea by 3rd April at 5pm.

Please contact us for the deadlines if you want to invest in an ISA outside of Cofunds.

Investment funds to ISA applications must be received at Chelsea by close of business on 30th March.

Investment funds to ISA allows you to sell your investments that are not in an ISA and use the proceeds to open or top-up an ISA. You can then immediately buy the same shares back, choose another investment or hold it as cash.

If you would like to buy via our website, click here for a reminder of how to do so.

Pension
With the annual allowance for the pension remaining at £40,000 for both 2014/15 and 2015/16 tax years, now may be a great time to boost your pension contributions. With relevant earnings you also receive at least 20% tax relief on top of your contributions. All applications to the Cofunds SIPP, via Chelsea FundStore, are done via paper-based application:

  • Applications with cheque payment must be received at Chelsea by 30th March.
  • Applications with bank transfer, for existing clients, must be received by close of business on 1st April.
  • If you are interested in opening a pension with us, please complete our questionnaire. Applications for contributions, with bank transfer, must be received by close of play on 31st March.


Investment funds to SIPP applications must be received at Chelsea by close of business on 30th March. For more information about this, please contact us in the office before 23rd April.

Investment funds to SIPP allows you to sell your investments and use the proceeds to open or top-up a pension. You can then immediately buy the same shares back, choose another investment or hold it as cash.

Published on 20/03/2015