Moneybox end of tax year timings 

For those of you who have been Moneybox customers for more than one tax year, you’ll know that we have a few timings to run through. The 2023/24 tax year ends on 5th April. To get you ready, here are our timings for final deposits, transfers, and new account openings.

 

Deposits

  • 12pm on Wednesday 27th March, penultimate collection (this will be debited from your linked bank account on 3rd April).
  • 12pm on Wednesday 3rd April, final weekly collection (this will be debited from your linked bank account on 8th April). You can still continue to deposit during the 2023/24 tax year after this final weekly collection with an instant bank transfer.
  • 3pm on Friday 5th April, cutoff for instant bank transfers for the 2023/24 tax year.

Transfers 

  • 5pm on Friday 8th March, cutoff for transferring an ISA held elsewhere into a Moneybox Lifetime ISA (LISA). This cutoff does not apply to ISA to ISA or LISA to LISA transfers – you can do these right up until the end of the 2023/24 tax year.
  • 5pm on Thursday 4th April, cutoff for moving money between your Moneybox accounts.

New account openings 

  • 11am on Friday 5th April, new account opening paused for new Moneybox customers in the 2023/24 tax year for ISA, LISA, JISA.
  • 2pm on Friday 5th April, new account opening paused for existing Moneybox customers in the 2023/24 tax year for ISA, LISA, JISA.
  • The morning of Saturday 6th April, new account opening resumes for the 2024/25 tax year for ISA, LISA, JISA.

On Saturday 6th April the 2024/25 tax year starts, and your annual tax-free allowance resets to £0 – ready for a new year of achieving your goals! For now, check out how much of your allowance you’ve already used in the 2023/24 tax year.