There are important cut off dates you need to be aware of in the lead up to tax year end. Please ensure all relevant business is completed by the dates specified.

Please remember that Easter Sunday falls on March 31 in 2024, and that there are bank holidays on Friday 29 March and Monday 1 April.

When we refer to ‘Standard Life’ we mean Phoenix Life Limited, trading as Standard Life.
 

Individual and Workplace

BACS (last day for sending) Thursday 28 March
CHAPS (last day for sending) Thursday 4 April
Cheque (must be received in Standard Life House, Lothian Road) Friday 5 April
Active Direct Debit Instruction (including DDW schemes) Friday 29 March
New Direct Debit Instruction (including DDW schemes) Wednesday 20 March
Debit Card payment received online 23.59 on Friday 5 April
Debit Card payments received by telephone Friday 5 April

Drawdown

Payments In (singles, transfers with a drawdown request)

Internal Transfers (Standard Life Insured Pension (SLIP) funds) Thursday 4 April
External Transfers (Standard Life Insured Pension (SLIP) funds) Thursday 4 April
External Transfers (Self Investment (SI) Cash) Friday 5 April

Payments Out (paid by BACS)

Income payment out Thursday 28 March
Tax Free lump sum payments (SLIP) Thursday 4 April
Tax Free lump sum payments (SI cash) Friday 5 April

All of the above are subject to there being sufficient liquidity and us receiving a clean instruction.

 

Additional dates

For Assignment on International Bonds where payment out is expected in the current tax year. This allows sufficient time for processing both the assignment and payment out transaction. Wednesday 28 February
International Bond Surrenders (incl. partial surrenders) – For surrenders to be paid in advance of tax year end (not guaranteed where monies are invested with third parties) Wednesday 13 March
For all LIFE products we must receive a valid request on or before
NOTE – If a Life policy requires Assignment before Surrender, we must receive a valid Assignment and Surrender instruction before Thursday 29 February. Please also note that if the Life product(s) are in Trust we will also require evidence that the Trust has been registered with HMRC, if this has not already been requested and the evidence sent to us previously.
Friday 15 March

 

 

Bank account, payment and address information

Standard Life                     
30 Lothian Road                    
Edinburgh                     
EH1 2DH

Life and Pensions Bank Account (excluding Flexible Retirement Plans):
(Made payable to Standard Life with plan number as reference or written on the back of the cheque)
Sort Code: 40 03 28
Acc No: 22288192

SIPP Bank Account (including Flexible Retirement Plans):
(Made payable to Standard Life with plan number as reference or written on the back of the cheque)
Sort Code: 40 03 28
Acc No: 42288230