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Timing of the 20% topup on pension contributions

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Comments

  • ashteadgirl
    ashteadgirl Posts: 297 Forumite
    Part of the Furniture 100 Posts Name Dropper
    mcfly998 said:
    I paid into my Fidelity SIP this afternoon by Debit card.  The cash is showing in my account, but when I check the transaction it is showing as having a settlement date of 06/04/23.  So I don't know if it will actually go against my 22-23 allowance or not. 
    Any thoughts, while I wait for them to get back to me?
    Heard back from Fidelity yet??? Discovered I am in rhe same boat.
  • dunstonh
    dunstonh Posts: 120,611 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    mcfly998 said:
    I paid into my Fidelity SIP this afternoon by Debit card.  The cash is showing in my account, but when I check the transaction it is showing as having a settlement date of 06/04/23.  So I don't know if it will actually go against my 22-23 allowance or not. 
    Any thoughts, while I wait for them to get back to me?
    Heard back from Fidelity yet??? Discovered I am in rhe same boat.
    If its on your account at Fidelity then it is there.   Settlement dates have nothing to do with contributions.   
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • ashteadgirl
    ashteadgirl Posts: 297 Forumite
    Part of the Furniture 100 Posts Name Dropper
    dunstonh said:
    mcfly998 said:
    I paid into my Fidelity SIP this afternoon by Debit card.  The cash is showing in my account, but when I check the transaction it is showing as having a settlement date of 06/04/23.  So I don't know if it will actually go against my 22-23 allowance or not. 
    Any thoughts, while I wait for them to get back to me?
    Heard back from Fidelity yet??? Discovered I am in rhe same boat.
    If its on your account at Fidelity then it is there.   Settlement dates have nothing to do with contributions.   
    Many thanks Dunstonh. where would we be without knowledgeable forumites like you . 
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