Tax Year End 2025-2026: Important Dates and Deadlines

With the tax year-end approaching, we have compiled a list of key dates, deadlines, and important information to help ensure a smooth end to the tax year.

We will cover the following:

• Payments
• Deadlines for Applications & Withdrawals
• ISA Allowances
• Things to Remember
• Bed and ISA: Tips & Comon Scenarios
• Key Takeaways
• How to Reach Us

Payments

All payments should be made to the following bank account:

• Sort Code: 30-80-12
• Account Number: 17190968
• Bank Account Name: Seccl Custody Ltd
• Bank: Lloyds

Please remember that a payment expectation should be keyed before sending payments. Payments must carry the correct individual reference. e.g SODBG-ACCOUNTID

If the payment is sent in multiples, please ensure these expectations are keyed separately.

Deadlines for applications and withdrawals

We will accept payments for this tax year until 23:59 on 5th April 2026.

Please note, any contributions received after 16:00 on 2^nd April 2026 that fall outside the auto match process, as outlined below, will be applied manually after the end of the tax year. We will update these payments to reflect the correct tax year; however, this may take up to 15 working days from 7th April.

To ensure that payments are auto matched, please follow the steps below:

• Payments should be sent from the bank account that matches the details held on the platform.
• A payment expectation should be applied prior to payment.
• Payments must carry the correct payment reference: SODBG-AccountID.

To avoid any confusion, we recommend submitting ISA applications and ensuring funds have cleared by 1^st April 2026 to ensure they are counted towards the 2025-2026 tax year.

When making payments or arranging Direct Debits, please allow enough time for the funds to clear. We are unable to backdate any applications where payments are received after the deadline, so kindly ensure everything is submitted by Thursday, 2^nd April.

If any payments arrive before 6th April but cannot be automatically allocated, rest assured that they will still count towards the 2025-2026 tax year.

Please do not send combined payments for both 2025-2026 and 2026-2027 subscriptions.

Trading

Please consider the types of investments you are making and their respective timeframes. We recommend executing key trades as early as possible to ensure they settle and are processed within the 2025-2026 tax year.

• Exchange-Traded Instruments (ETIs): We submit sell orders for fractional ETIs at 15:00 and buy orders at 15:15 each day. Non-fractional orders are sent to market during the day if the markets are open.
• Funds: The exact time we submit fund orders depends on the valuation point set by each specific fund manager. Our cut-off point is one hour before the fund manager's. If any orders are received after this time, they’ll go to market at the next valuation point.

Things to remember about ISA applications

To be eligible to subscribe to a stocks and shares ISA, a client must be: 

• 18 or over
• Resident in the UK

Clients must apply to subscribe to a stocks and shares ISA – this is done by accepting the ISA declaration when opening a new account.

Applications are valid for subscriptions and payments made for the duration of the account. 

If the account holder doesn’t contribute to the ISA during the tax year, they do not need to re-accept or sign a new declaration for the next tax year. However, if they choose to contribute the next year, the declaration they made when they opened the ISA is still valid, provided there have been no changes to their circumstances that would impact eligibility. 

Bed and ISA Applications: Key Tips & Common Scenarios

To ensure a smooth Bed and ISA transfer, we have outlined some essential tips and common scenarios you may encounter:

Check ISA Allowance:
Before initiating a Bed and ISA transfer, confirm your client’s ISA allowance. Their allowance is not checked prior to us accepting the Bed and ISA request and so if there is insufficient remaining allowance, the transfer will fail. 

Sell and Reinvest in the Same Assets:
Clients must sell down and reinvest in the same assets to complete the transfer.

Deadline for 2025-2026 Tax Year:
To ensure the transfer is completed within the 2025-2026 tax year, the request must be made by 27^th March 2026.

Pre-Transfer Requirements:
We recommend that any funds being transferred are uninvested at least one day prior to the Bed and ISA transfer. This is because orders are processed by the number of units, not their cost. We attempt to prevent the sells raising less than the intended amount by adding 10% to any sell trades. As a result, if you instruct a £20,000 disinvestment and immediate transfer, you’ll get more than £20,000 back in sell proceeds, which will result in a failed transfer as it will exceed the ISA allowance.  

Transfer Timeline:
Bed and ISA transfers typically take 5 days to complete. During this time, you can still place other transactions such as fees, withdrawals, or rebalances. We recommend that you avoid any significant actions on the account while the transfer is being processed, as this may disrupt its progress.  

Concurrency:
Be aware that concurrency issues may arise during the transfer. For example, the cash transfer may attempt to process before the cash sell has fully settled, or buys may attempt before the cash from the transfer is settled. If this happens, rest assured that we monitor the process and will ensure everything completes as expected.

 Key Takeaways:

• Payment Deadline: We’ll accept payments for this tax year until 23:59 on 5^th April 2026. Payments received after 16:00 on 2^nd April 2026 may initially be allocated to the 2026-2027 tax year. Correcting this allocation could take up to 15 working days from 7^th April.
• ISA Applications: To ensure automatic allocation to the 2025-2026 tax year, we recommend submitting ISA applications and ensuring funds are cleared by 1^st April.
• Expectation Process: Submit the online application before making any payments.
• Payment Reference: Payments must include the correct individual reference.
• Multiple Payments: If sending multiple payments, ensure they are keyed separately to meet expectations.
• Late Allocations: If payments are made before 6^th April but cannot be automatically allocated, they will still count toward the 2025-2026 tax year once processed.
• Bed and ISA Deadline: Bed and ISA instructions must be received by 27^th March 2026 to complete within the 2025-2026 tax year.