With the end of this tax year approaching, you may well be considering the different pension and investment opportunities that are available to you. To help you plan ahead, we’ve compiled this list of our deadlines for certain requests. You might also find our benefits guide useful.

Pension payments

Please note – for payments to complete successfully, you must make sure enough cleared funds are available in your SIPP cash account by the following dates.

10 March 2025 | Pension commencement lump sums*

If you are considering taking pension benefits, and require a pension commencement lump sum (PCLS) payment prior to tax year end, we must receive your completed request no later than 10 March 2025. Please note that payment of a PCLS is dependent on the SIPP being valued, all transfers being received and cash being available to cover the payment.

17 March 2025 | Flexi-access and uncrystallised funds pension lump sums*

If you wish to convert to flexi-access from capped drawdown before taking an income payment from your SIPP, please ensure we receive your completed request no later than 17 March 2025.

If you are considering taking an uncrystallised funds pension lump sum (UFPLS) payment prior to tax year end, we must receive your completed request no later than 17 March 2025. Please note that payment of a UFPLS is also dependent on the SIPP being valued and all transfers being received.

* If you haven’t got a financial adviser and are considering taking a PCLS or UFPLS, please be aware that there’s a process you must complete before you submit the benefit form. To ensure you can submit your benefit form before the stated deadlines, we recommend starting this process well in advance.

28 March 2025 | One-off income payments

If you are already taking benefits from your SIPP, and would like to take a one-off income payment prior to tax year end, please ensure we receive your completed request no later than 12 noon on 28 March 2025. Payments requested after the deadline will most likely fall into the next tax year. For CHAPS payments, we must receive any requests by 10am on 1 April 2025. Payments requested after these deadlines are likely to be received in the new tax year, and recorded accordingly.

Transfers

If you have recently submitted a new transfer-in request to us, it may speed the transfer process up if you chase the ceding provider. We will also continue to chase the transfer.

Do you need further support?

You can email any Platinum SIPP questions to platinumsipp@ajbell.co.uk, or call us on 0345 250 5609. For Platinum SSAS questions, please email platinumssas@ajbell.co.uk or call us on 0345 250 5610. Alternatively, get in touch with our Consultancy Team.