HM Revenue & Customs has been asked to look again at our interpretation of how the carry forward rules work for the annual allowance for the transitional years of 2008-09, 2009-10 and 2010-11.
As a result of this review the guidance on how carry forward works for the transitional years has been revised and can be accessed by following the link below. There is no change to the guidance for the carry forward rules outside these transitional years.
The relevant pages in the Registered Pension Schemes Manual will be updated as soon as possible.
