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Pension schemes annual allowance checking tool - introduction

From 6 April 2014 the annual allowance for tax relief on pension savings in a registered pension scheme was reduced to £40,000. This includes contributions made by anyone else into your pension such as your employer. If your pension savings exceed this amount you may have to pay a tax charge and give details of this on a Self Assessment tax return.

When you can use this tool

You can use this tool to work out whether you may be affected by an annual allowance charge and have to complete a tax return. If you are affected it will recommend you go on to use the pensions savings annual allowance calculator.

You can't use this tool:

  • if you've taken money from your pension pot and you get the lower annual allowance 
  • if your income (including the value of your pension savings) is over £150,000 from 6 April 2016, and your taxable income is more than £110,000 
  • for pension input periods ending in tax year 2015 to 2016 as transitional rules apply for this period. From 6 April 2016 all pension input periods must align with tax years

Information you need to use the checking tool

You'll need to know the type of pension scheme you're contributing to and the amount of contributions you've made.

Use the annual allowance checking tool

Use the annual allowance checking tool to work out whether you're likely to have a liability to the annual allowance tax charge.

Pension schemes annual allowance checking tool

Use the annual allowance calculator

If you already know you're likely to have an annual allowance liability it's best to use the pension savings annual allowance calculator instead.

Pension savings annual allowance calculator - introduction

Related guidance

A guide to tax on your private pension contributions can be found on GOV.UK.