From 6 April 2011 the annual allowance for tax relief on pension savings in a registered pension scheme was reduced to £50,000. This includes contributions made by anyone else into your pension such as your employer. If your pension savings exceed this amount you'll have to pay a tax charge and give details of this on a Self Assessment tax return.
The new rules allow you to carry forward any unused annual allowance from the three previous tax years to offset this charge.
The 2012 Autumn Budget statement announced the intention of reducing the annual allowance to £40,000 from 6 April 2014.
You can use this calculator to work out whether you have any unused annual allowance that you can carry forward for the tax years 2008-09 to 2015-16. It can work out this value from all types of pension schemes or a combination of them.
You need to know your pension input amount for every tax year that you're using before you can work out if you have any annual allowance that you can carry forward .The best way to get this information is to ask your pension scheme administrator to supply it. If you have savings in more than one scheme you'll need to get this information from each pension provider or scheme administrator.
If you can't get these details from your pension provider or scheme administrator you can use the pension input amount calculator to estimate the figures. However this calculator can't be used for all types of pension scheme - see the pension input amount calculator link below.
If you have savings in more than one type of scheme you need to input the total value of all your pension savings into the calculator.
The results are based on the information that you put into the calculator so it's important that you enter accurate information. If you use estimated figures the results will be incorrect.