Things to know after tax year end

Here’s some key things you might need to know after tax year end. We recommend you speak to a financial adviser if you need any help with anything.

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Frequently asked questions

Find answers to questions about your P60, single contributions or taking money out of your pension.

Your frequently asked questions  about Frequently asked questions
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How much did I save last tax year?

You might be able to use our mobile app to find out how much you saved into your pension last tax year.

How much did I save?  about How much did I save last tax year?
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What were the key dates?

Find out what the key dates and deadlines were for the last tax year.

Key tax year end dates  about What were the key dates?

Frequently asked questions

Will you send me a P60?

If you've taken a taxable income payment during the 2019/20 tax year, we’ll send you a P60 in the post. You should receive this no later than Sunday 31 May 2020.

Will you accept single contributions after the 2019/20 tax year end deadline?

Yes, you can make single contributions into your plan at anytime. Any single contributions you make after the 2019/20 tax year deadline will be added to your plan in the current tax year.

When will the single contribution be added to my plan?

A single contribution will be added to your plan on the date we receive all of the required information and documentation from you or your adviser.

This date may be different to the date we received your payment.

Will you accept requests for income payments after the 2019/20 tax year end deadline?

Yes, any income payments you take after the 2019/20 tax year deadline will be taken from your plan in the current tax year.

Is there a limit on the amount of money I can contribute to a pension?

There's a limit on the amount you can invest in pension plan without being subject to a tax charge. This limit is known as the annual allowance.

For more information on the annual allowance, speak to a financial adviser or read our article on tax-free allowances. You may also be able to see how much you've already saved in our mobile app.

Can I carry forward any unused annual allowance into the new tax year?

You can ‘carry forward’ unused annual allowance from the last three tax years. You should speak to a financial adviser for more information on this.

When is the 2020/21 tax year?

The current tax year started on Monday 6 April 2020 and ends on Monday 5 April 2021.

We'll update this page with all the key dates and information you may need before the end of the current tax year.

For more information on the annual allowance, lifetime allowance and MPAA for the current tax year, speak to a financial adviser or read our article on tax-free allowances.

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How much did I save last tax year?

If you’d like to see how much you saved in the 2019/20 tax year, you can log in to our mobile app.

Using our mobile app, you’ll be able to see what your pension savings are worth now and the contributions you’ve made over the last tax year, including what the government pays in and any employer contributions.

Our mobile app's only available for certain types of plan. Take a look at our mobile app page to find out more.

You can also use our retirement planning tools to see how much you might need to save to reach your retirement goals.

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What were the key dates?

Deadlines for single contributions

In 2019/20, the tax year ended on a Sunday, If you wanted to make a single contribution in the 2019/20 tax year we needed to receive your completed application forms, supporting documents and payments by Friday 3 April 2020.

Deadline for income payments

If you wanted to take an income payment from your Pension Portfolio plan (with Income Release), we needed to receive application forms and any supporting documentation by 6pm on Thursday 26 March 2020 to guarantee payment in the 2019/20 tax year.

If you need to speak to us about a single contribution or income payment request that you made before the end of the 2019/20 tax year, please phone us at 0345 60 50 050.