There are several routes to contributing to your Stocks and Shares ISA, LISA or JISA to make sure any money added is attributed to the 2024/25 tax year. You can contribute as many times as you like before the end of the tax year with any combination of lump sums and regular payments, providing you don’t exceed the annual allowance.

Regular contributions

Direct Debit

• If you make regular contributions via a Direct Debit that are usually collected from your bank account on the 3rd, 4th or 5th of the month, your April Direct Debit contribution will not make it in time to count for the current tax year. Therefore, you’ll need to cancel your existing Direct Debit and set up a new one so that it is collected on or before 23:59 on Wednesday 2 April.
• Be aware that it typically takes up to 10 business days to set up a new Direct Debit. However, in certain cases a manual verification may be required which could extend the timeline by an additional five days. We therefore recommend allowing plenty of time and making any changes by 12 March.

Standing order

• If you make regular contributions with a standing order, you’ll need to be on top of the deadlines for manual bank transfers.
• For most standing orders via Faster Payments the deadline is 22:00 on Friday 4 April, but for CHAPS transfers, the deadline is 16:00 on Friday 4 April.

Other contributions

Easy bank transfer, debit card, Apple Pay, Google Pay

• The deadline for contributions by any of these methods is 23:59 on Saturday 5 April. An easy bank transfer (where money goes directly from your bank account to your chosen Nutmeg pot) is the fastest way to contribute to your ISAs.

Manual bank transfers

• You can manually transfer money from your bank account to your Nutmeg account, using your Nutmeg account number as a reference. The deadline for most people using manual bank transfers is 22:00 on Friday 4 April.
• If you specifically use CHAPS, there is an earlier deadline of 16:00 on Friday 4 April. Be aware that depending on your bank, you may need to split your contribution over several days. Additionally, some banks require a manual set-up which may increase the time it takes to process these contributions. 
• You’re currently not able to contribute to your LISA by manual bank transfer.

Allocation from General Investment Account

• If you have a General Investment Account (GIA), you may want to move money already invested via your GIA into your ISA. This process is sometimes called ‘bed and ISA’ and involves selling your general investment funds and buying them within an ISA. To ensure this is completed within the 2024/25 tax year, this should be requested by 17:00 on 3 April.

Remember, friends and family can also contribute to a Nutmeg JISA via manual bank transfers, so it may be a good idea to share the details and deadlines with them if appropriate. You can share the contribution details easily from the mobile app by tapping the “Pay in” button when viewing the JISA.

If you have a pension with Nutmeg

If you would like to contribute to your Nutmeg pension, payments can only be made via Direct Debit at this time.  You can't pay into a Nutmeg pension by bank transfer.

 If you’re making your first Direct Debit contribution into your pension  

The deadline is 16:00 on Friday 14 March. The first Direct Debit contribution takes 10 business days to process from when the mandate is put in place. Direct Debits initiated after this date are not guaranteed to reach us before the end of the tax year.

We may also need to ask for documents to verify your identity or support your Direct Debit set-up, in which case, it could take longer to get your contribution set up. So, plan ahead to make sure your pension contributions arrive on time.

If you’ve already set up monthly Direct Debit contributions into your pension 

The deadline is 16:00 on Friday 4 April. Any active Direct Debits and active regular contribution expectations set up to collect on the 1st, 2nd, 3rd or 4th (16:00 cut-off) of April will be classed as 2024/25 tax year contributions and will be reported as such to HMRC. Any collections on the 5th will count towards the next year's tax allowance. The latest date to change an active Direct Debit collection is 21 March. 

The deadline for one-off Direct Debit contributions is 16:00 on 26 March.

If you need any help

Our client services team is available to answer any of your questions as we approach tax year end. To discuss tax year end in greater detail, please drop us an email at support@nutmeg.com or book a free call for more guidance on making the most of your allowances.

Risk warning   

As with all investing, your capital is at risk. The value of your portfolio with Nutmeg can go down as well as up and you may get back less than you invest. Tax rules vary by individual status and may change. Nutmeg does not provide tax advice. For personalised advice tailored to your specific situation please consult with a qualified tax adviser or financial planner.

Copyright © 2025 Nutmeg Saving and Investment Limited. Nutmeg® is a registered trade mark of Nutmeg Saving and Investment Limited, authorised and regulated by the Financial Conduct Authority, no. 552016, registered in England and Wales, no. 07503666, with a registered office at 25 Bank Street, Canary Wharf, London E14 5JP.