2022 End of Year Payments
As we approach the end of 2022, we would like to draw your attention to our End of Year Deadlines:
Approved Retirement Funds (ARF)
To ensure all additional ARF payments are issued before Christmas we must receive all requirements (i.e. signed instruction and a copy of bank statement within the last 12 months if account details are not on file) before the 30 November 2022. We will make the payment as soon as possible after we have received the request.
Unfortunately we cannot guarantee payment requests received after this date will be paid before Christmas or included in the 2022 tax year.
- Withdrawals from funds invested in SDIO, outside of regulatory required imputed distribution, will only be permitted if there is sufficient liquidity within the policy to do so.
- Regular income payments for ARFs and Annuities will continue as normal. However, December payments may issue earlier due to the Christmas break.
Change of bank requests are being prioritised, but please endeavour to encourage customers to let us know of their bank change from Ulster Bank or KBC as soon as possible to avoid payment delays.
Pensions and Investments Claims
To ensure a pension or investment claim is paid before Christmas we must receive all claim requirements before 02 December 2022. We will complete the claim as soon as we can once we receive the final requirement by this date.
New Business
All New Business must be received before 16 December 2022
Commission Payments
Final commission payments will be issued on 21 December 2022.