This site does not support portrait orientations. Please rotate your device to view the site properly, or alternatively view on desktop.
This site does not support mobile devices. Please use a tablet in landscape orientation or view on a desktop device.
This site does not support the current width. Please use a tablet in landscape orientation or view on a desktop device.
1. The tax incentives to save for pensions - and how this is on the move
2. The Annual Allowance (AA) - Overview
3. Lifetime Allowance (LTA) - Overview
4. Annual Allowance - how it is used up by DC Savings
5. Annual Allowance - how it is used up by DB Savings
6. Carry Forward Past Unused Annual Allowance
7. How much is my Annual Allowance for tax year 2016/2017
8. How to report your annual allowance charge in your tax return
9. The Lifetime Allowance (LTA) - 2016 reduction and associated protections
10. 2015 - 2016 - A special year for Annual Allowance
11. New Flexibilities for DC Schemes
12. Tax isn't everything!
| All amounts in pounds | 2015/2016 |
2016/2017 |
2017/2018 |
2018/2019 |
2019/2020 |
|---|---|---|---|---|---|
| Projected Gross Earnings | 0 | 0 | 0 | 0 | 0 |
| Less relevant employee contributions | 0 | 0 | 0 | 0 | 0 |
| Total Threshold Income | 0 | 0 | 0 | 0 | 0 |
| Less new salary sacrifice employee contributions | unknown | unknown | unknown | unknown | unknown |
| Plus value of pension savings | unknown | unknown | unknown | unknown | unknown |
| Total Adjusted Income | 0 | 0 | 0 | 0 | 0 |
| Projected Annual Allowance | 0 | 0 | 0 | 0 | 0 |
| Annual Allowance used | 0 | 0 | 0 | 0 | 0 |
| Carry-forward from previous years used | 0 | 0 | 0 | 0 | 0 |
| Unused Annual Allowance | 0 | 0 | 0 | 0 | 0 |
| Subject to tax | 0 | 0 | 0 | 0 | 0 |
| Illustrative tax charge | 0 | 0 | 0 | 0 | 0 |
| 5 April 2016 |
5 April 2017 |
5 April 2018 |
5 April 2019 |
5 April 2020 |
|
|---|---|---|---|---|---|
| Lifetime allowance used (£) | 0 | 0 | 0 | 0 | 0 |
| Unused lifetime allowance (£) | 0 | 0 | 0 | 0 | 0 |
| Subject to tax* (£) | 0 | 0 | 0 | 0 | 0 |
*In the Spring Budget on 15 March 2023 the Chancellor announced his intention to remove the Lifetime Allowance charge from 6 April 2023 and to abolish the Lifetime Allowance altogether during the 2024/25 tax year. Consequently, where an amount is shown as ‘Subject to tax’ it is not expected that a tax charge will arise where the relevant date is after 5 April 2023.
This information was printed at -DateTime-
| All amounts in pounds | 2015/2016 |
2016/2017 |
2017/2018 |
2018/2019 |
2019/2020 |
|---|---|---|---|---|---|
| Projected gross earnings | 0 | 0 | 0 | 0 | 0 |
| Less relevant employee contributions | 0 | 0 | 0 | 0 | 0 |
| Total threshold income | 0 | 0 | 0 | 0 | 0 |
| Less new salary sacrifice employee contributions | unknown | unknown | unknown | unknown | unknown |
| Plus value of pension savings | unknown | unknown | unknown | unknown | unknown |
| Total adjusted income | 0 | 0 | 0 | 0 | 0 |
| Projected annual allowance | 0 | 0 | 0 | 0 | 0 |
| Annual allowance used | 0 | 0 | 0 | 0 | 0 |
| Carry forward from previous years used | 0 | 0 | 0 | 0 | 0 |
| Unused annual allowance | 0 | 0 | 0 | 0 | 0 |
| Subject to tax | 0 | 0 | 0 | 0 | 0 |
| Illustrative tax charge | 0 | 0 | 0 | 0 | 0 |
| 5 April 2016 |
5 April 2017 |
5 April 2018 |
5 April 2019 |
5 April 2020 |
|
|---|---|---|---|---|---|
| Lifetime allowance used (£) | 0 | 0 | 0 | 0 | 0 |
| Unused lifetime allowance (£) | 0 | 0 | 0 | 0 | 0 |
| Subject to tax (£) | 0 | 0 | 0 | 0 | 0 |
loading