Key dates and deadlines

To help you process all of your client transactions in time for tax year end, we've provided you with the key processing dates and actions to help keep you on track.

Tax year end - Monday 5 April

We’ll process all complete, accurate Isa and pension applications up to Thursday 1 April 2021, where we’ve already received cleared funds and / or a valid cheque.

The dates below include enough time for trades to be ordered and fully settled where relevant, send applications to us, arrange bank transfers and to be fully processed.

Trading

Please key trades as early as possible to ensure settlement in time for inclusion in 2020-21 processing.

Please consider the assets your client is invested in to establish the trading and settlement deadlines.

Trading times

These are our trading deadlines but will also be subject to individual fund manager trading times, please check asset information in the fund report on the platform.

  • Winterflood at 10am and 3pm
  • Direct with fund managers 9am and 11am

Bed and Isa

Remember the subscription date for a Bed and Isa is the date that all trades order in the General account, so these must all be ordered on Thursday 1 April as Friday 2 April and Monday 5 April are bank holidays.

Efficient business

You don’t need to rely on the post to submit applications and top ups. Our ‘scanned documents’ process lets you send completed paperwork to us via secure messaging and submit payments through electronic bank transfer.

You can also make use of our easy-to-use, paper-free and secure e-signatures capability.

Disclaimer

We can't accept any responsibility for delays, errors or omissions outside our control that may lead to the Isa application or pension income payments missing the 2020-21 tax year.

Our key deadlines

Friday 19 March

Last day for sells to be at ordered status for them to be settled in time to arrange pension income in 2020-21.

Wednesday 24 March

Last day for sells on the General account to be at ordered status to be settled in time to process an inter account transfer for 2020-21 (General account to Pension account, General account to Isa account).

Monday 29 March

Last day for receipt of pension income instructions.

There must be enough available cash in the account to meet the gross income amount and instructions received no later than this date.

Last day to arrange a BACS payment to us, which can take up to three business days to clear to the Nucleus bank account. (CHAPS or faster payments can clear the same day).

Tuesday 30 March

Last day to send an application to us. We accept scanned documents via Jira messaging. Please see our scanned document guide for more details. If you're posting applications, please be aware of postal delays. We recommend sending by special delivery to guarantee receipt.

We do not accept hand deliveries.

All pension income instructions processed from today will be classed as 2021-22 tax year.

Thursday 1 April

Last day for a CHAPS to be sent to us.

Last day for receipt of a cheque, direct credit and correct complete application documentation.

Last day for all trades to be ordered on the General account for a Bed and Isa application to be classed as a 2020-21 subscription.

Last day for receipt of inter account transfer applications where there is enough available cash in the General account.

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Tax year end dates

Check out this short video which explains the tax year end deadline dates in more detail.

This was recorded as part of our mini user session on 23 February. A recording of the full event is available on the events tab.

RL360 processing deadline dates for the Nucleus Offshore Bond

Friday 12 March

Last day for receipt of assignments and surrenders is 12noon (GMT). Surrenders/segment surrenders received after this date may not be processed in time for the current tax year.

Monday 22 March

RL360 need to receive all outstanding requirements for processing surrenders or segment surrenders by Monday 22nd March 2021. If the outstanding requirements are not received by this date, then the transaction may not be processed until the next tax year.

Thursday 25 March

New Business

Last day for receipt of ‘clean’ new business applications and cleared funds to be received at RL360's offices in the Isle of Man, by 12noon (GMT). Any applications received at after this time and date will be processed but may not be issued until after 5 April.

Servicing

Last day for receipt of an ad hoc withdrawal is 12noon (GMT). Withdrawals received after this date may not be processed before tax year end.

Monday 29 March

RL360 need to receive all outstanding requirements for processing withdrawals on Monday 29nd March 2021. If the outstanding requirements are not received by this date, then the transaction may not be processed until the next tax year.

Get in touch

Don't hesitate to get in touch with your dedicated CRM if you want to find out more details on the information above.

For adviser use only

© Nucleus Financial Services Limited 2021

Nucleus Financial Services Limited is authorised and regulated by the Financial Conduct Authority, is registered in England with company number 05629686 and has its registered office at Elder House, St Georges Business Park, Brooklands Road, Weybridge, Surrey KT13 0TS. Please note that telephone calls may be recorded in order to monitor the quality of our customer service and for training purposes.