Key ISA, EIS and asset-backed deadlines for Tax Year End 2022/23

Tax year end is fast approaching and there are a number of key deadline dates you need to know to ensure your clients make the most of their annual allowances.

When is the deadline for using annual allowances?

The tax year ends on Wednesday 5th April 2023. However, many platforms and services require information to be submitted before this deadline in order to ensure that all investments can be completed before the end of the tax year.

This is true for ISA, EIS and asset-backed investments, with deadlines up to two weeks before allowances are refreshed and the new tax year begins.

In order to help your clients meet their deadlines, we have compiled a list of key dates for your diary to make sure they maximise their tax efficiency.

Key deadline dates for your diary

• Investing in Stellar AiM ISA IHT Service
• Investing in Stellar Nova EIS Fund
• Investing in Stellar ITS and Stellar Growth IHT Service

Investing in Stellar AiM ISA IHT Service

Upcoming deadlines

• Wednesday 29th March 2023: Bed & ISA investment deadline
• Wednesday 29th March 2023: Deadline for all new ISA applications
• Monday 3rd April 2023 (by 10am): ISA subscription and ISA top up deadline

For cleared funds to be received prior to the tax year-end deadline, we recommend:

• Electronic payments: ensuring that cleared funds are received by custodian for value date on or before Monday 3rd April 2023 – valid account reference must be stated.
• Cheque payments: the cheque needs to be received by our custodian by Wednesday 29th March 2023.

Key information

• The overall ISA subscription limit for 2022/2023 is £20,000 for eligible investors.
• Any cash withdrawn from the Flexible ISA will need to be returned before the new tax year in order to fully utilise the allowance for 2022/2023.

Not sure which forms need to be completed and submitted before tax year end?

To help, we’ve created an application form decision tree which you can click here to download.

Click here to find out more about investing with the Stellar AiM ISA IHT Service.

Investing in Stellar Nova EIS Fund

Upcoming investment allocations

• Friday 24th March 2023

Click here to find out more about investing with the Stellar Nova EIS Fund.

Investing in Stellar ITS and Stellar Growth IHT Service

Upcoming deadlines

• Final cheques must be received on or before 2pm on Wednesday 29th March.
• All signed applications, cleared funds and AML docs must be received by 2pm on Monday 3rd April.
• Final payment instructions, including all relevant minutes, documents and authorisations must be received by 2pm on Tuesday 4th April.

Click to find out more about investing with the Stellar ITS or Stellar Growth IHT Service.

Do you have any further questions?

If you need any help or support prior to tax year end, please get in touch with one of our team today on 020 3195 3500 or contact enquiries@stellar-am.com.

Written by Jack Dobinson

Important Information

Stellar Asset Management Limited does not offer investment or tax advice or make recommendations regarding investments. Prospective investors should ensure that they read the brochure and fully understand the risk factors before making any investment decision. The value of investments and the income from them may fall as well as rise and is not guaranteed. No assurance or guarantee is given that any targeted returns will be achieved. Forecasts of potential future results are not a reliable indicator of actual future results.

Stellar Asset Management Limited of 20 Chapel Street, Liverpool, L3 9AG is authorised and regulated by the Financial Conduct Authority.